The Wabash River Heritage Corridor, consisting of the Wabash River, the Little River, and the portage between the Little River and the Maumee River, is considered a protected area, where development is limited. The Wabash River Heritage Corridor Commission is responsible for promoting conservation and managing development in this area.
Note: Residents affected by Hurricane Sandy are eligible for an additional incentive of of $200 for qualifying furnaces, boilers, and water heaters purchased after October 29, 2012. It should also be noted that new incentives for gas water heaters took effect January 24, 2013 and further changes will take effect for furnaces on February 24, 2013.
In April 2011, the Virginia legislature created the Voluntary Solar Resource Development Fund. The fund is administered by the Department of Mines, Minerals and Energy (DMME). All utilities are required to provide a link on their web site to the DMME web site, where customers can make contributions to the fund. Utilities must also provide opportunities for customers to donate through their paper newsletters, emails or bills.
As part of legislation to re-regulate the state's electricity industry, Virginia enacted a voluntary renewable energy portfolio goal in 2007. Legislation passed in 2009 (HB 1994) expanded the goal, encouraging investor-owned utilities to procure a percentage of the power sold in Virginia from eligible renewable energy sources. Legislation passed in 2012 (SB 413) allows investor-owned utilities to meet up to 20% of a renewable energy goal through certificated research and development activity expenses related to renewable energy and alternative energy sources.
The Virginia Resources Authority provides financing options to support community investment in a number of areas, including wastewater, flood prevention and dam safety, solid waste, water, land conservation and preservation, energy, and site acquisition and development for economic and community development. The Authority also administers the Water Facilities, Water Supply, and Solid Waste or Recycling Revolving Funds, as described in subsequent chapters of the Virginia Code.
The Virginia Regional Industrial Facilities Act is meant to aid the economic development of localities within the Commonwealth. The Act provides a mechanism for localities to establish regional industrial facility authorities, enabling them to pool financial resources to stimulate economic development. The purpose of a regional industrial facility authority is to enhance the economic base for the member localities by developing, owning, and operating one or more facilities on a cooperative basis involving its member localities.
The Virginia Jobs Investment Program provides cash grants to existing businesses which seek expansion or new facility locations. The company must create a minimum of 25 net new jobs within 12 months from the date of first hire and make a capital investment of at least $1,000,000.
The Virginia Jobs Investment Program offers three programs to both new and existing businesses.
New Jobs Program: For companies or start ups expecting significant growth in the next three years.
The Virginia Enterprise Zone Job Creation Grant provides cash grants to businesses located in Enterprise zones that create permanent new jobs over a four-job threshold. State incentives are available to businesses and zone investors who create jobs and invest in real property within the boundaries of enterprise zones. The positions must pay at least 175 percent of the federal minimum wage rate and the availability of health benefits. The cash grant maximum is $500 per position and may be claimed for up to five years.
The 2010 Virginia Energy Plan affirms the state's support for the development of renewable energy. The Plan assesses the state’s energy picture through an examination of the state’s primary energy sources: electricity, coal, nuclear, natural gas, renewables, and petroleum.
The Virginia Electric Utility Regulation Act constitutes the main legislation in Virginia that pertains to the regulation of the state's electric utilities. The Act directs the State Corporation Commission to construct regulations for electric utilities, and contains information on rate regulations. Section 56-585.2 specifically pertains to the integration of renewable energy sources into the electric grid through the state's renewable portfolio program. More specific regulations can be found in the state's Administrative Code.