State and Local Government, Utility (Municipal and/or Rural Electric Cooperatives)
(Page last updated
February 10,
2010)
Disclaimer: Regardless of what you read here or
anywhere else, it is essential that you consult with a knowledgeable
CPA who is specifically versed with the applicable laws to verify
what incentives will apply directly to your project. Creative Solar USA is not responsible for any use or
mis-use of the information provided below. Creative Solar USA, Inc. disclaims all warranties,
express or implied, with
regard to the following, which is provided for informational purposes
only.
FEDERAL
The Renewable Energy Production Incentive (REPI) was enacted back in 1992 and covers those renewable energies that create electricity such as: solar thermal electric, photovoltaics (PV), Wind and many more.
This page covers a brief overview. However, the EERE site will give all the specifics you need to find out if your entity is eligible to receive this incentive.
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Certain Utility companies are eligible for the ITC (Business Energy Investment Tax Credit).
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FEDERAL REAP GRANT
This grant
is from the USDA and is not to be confused with the federal tax grant
referenced above. With the USDA REAP (Renewable Energy for America
Program), applicable sectors may received 25% of the project cost
through this grant.
Furthermore, there's a REAP
Loan program which may be utilized in conjunction of the
grant. However, the combination of the loan program with the grant may
not exceed more than 75% of the project's cost.
Lastly, eligibility varies and is based initially on the project
location. Contact your USDA office to find out if your address
qualifies for either the grant and/or the loan program.
Applicable sectors include small business, schools, local
government, state government, rural electric
cooperative, agricultural and public power entities.
OTHER FEDERAL LOAN PROGRAMS
Here is a brief list of other loan programs:
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