By: Jason Reimers, Esq.
There is a state law that requires electric utilities (such as Public Service Company of NH and Unitil) and competitive electricity suppliers to get a certain percentage of the electricity they distribute from renewable sources such as solar, hydroelectric, wind, and biomass. If an electricity provider does not generate or purchase the requisite percentage of its electricity from renewable sources, the utility must make payments into a renewable energy fund that is administered by the New Hampshire Public Utilities Commission (PUC).
The renewable energy fund, as its name suggests, is used to fund renewable energy projects. The PUC receives applications from a variety of entities who want to build or refurbish a renewable energy system. Recent applicants include small and large businesses, school districts, universities and municipalities.