Investment Criteria

The Florida Opportunity Fund’s Clean Energy Investment Program was created to promote the adoption of energy efficient and/or renewable energy (EE/RE) products and technologies in Florida by providing funding to businesses to increase the use of EE/RE technologies, equipment and materials in the State. Funding for the Program was provided by the US Department of Energy through the American Recovery and Reinvestment Act of 2009 (ARRA) and is administered by the Department of Agriculture and Consumer Services’ Office of Energy.

The Program’s Focus Areas for investment are:

  • Facility and Equipment Improvement – Implementing, expanding, upgrading or demonstrating energy efficient products, equipment and materials for use by companies in their operations in Florida.
  • Renewable Energy Products – Acquiring, upgrading or demonstrating small-scale renewable energy products, equipment and materials for use by companies in their Florida operations.
  • Process Improvement – Determining potential energy efficiencies and then executing actions to reduce consumption or increase the efficient use of energy in existing production, manufacturing, assembly or distribution processes, including the purchase of equipment and materials to make processes more energy efficient.

At a minimum, applicants must be able to demonstrate that a proposed funding opportunity meets the following criteria:

  • Applicants must have existing operations or a significant presence in the State of Florida at the time of Program funding, or must establish such presence concurrent with Program funding.
  • Applicants must have received capital (whether prior to or concurrent with Program funding) of an amount at least equal to the amount of Program funds being requested.
  • The EE/RE products or technology to be implemented using Program funding must be currently commercially available.
  • Demonstration projects must comport with applicable state and federal regulations and be the first such demonstration within the State of Florida.
  • Program funds must be used within the Focus Areas and must be consistent with the activities further described in the Program application.