How is Clean Heat Rhode Island funded?

Clean Heat Rhode Island was initially funded through a $25 million allocation from the State Fiscal Recovery Fund (SFRF) under the American Rescue Plan Act (ARPA), approved by the Rhode Island General Assembly to support a High-Efficiency Heat Pump Program.  

The funding now comes from participation in the Regional Greenhouse Gas Initiative (RGGI). RGGI is the first market-based cap-and-trade program in the United States designed to reduce electric power sector greenhouse gas emissions. Rhode Island has been a RGGI participant since 2007.