Incentives

If you are thinking about investing in renewable energy, then this is a good time if you are interested in government incentives.

Currently there are investment tax credits and grants that can help to reduce the cost of a PV system

Federal Tax Credit for Energy Efficiency Investment

• A PV system qualifies for a 30% tax credit with no upper limits. That means that the $20,000 PV system would provide a $6,000 tax credit, reducing the initial cost to $14,000.
• This federal tax credit expires on December 31, 2016
• Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
• More information on the Federal Tax Credit that may also apply to other projects that you might be considering.

Other Energy Efficiency Incentives

•  DSIRE - Database of State Incentives for Renewables and Efficiency
• USDA REAP Grants - Rural Energy for America Program