Government incentives, grants and low interest loans are available for renewable energy systems placed on your home or business. 2019 is the last year for the 30% federal tax incentive before it starts to taper off. From the date of purchase, this 30% credit will roll over to the next year for 10 years if it is not all used up in the first year.
For more information on federal and state incentive programs, visit www.dsireusa.org
For rural business and farms that are in a qualified area, the USDA's REAP Program, or Renewable Energy for America Program, offers a 25% grant, and loan guarantees, to qualifying rural business's. For example, a poultry farm could have over 55% of there system paid for, and that is not including the 85% depreciation!. For more information, visit the USDA website.
Depreciation: Solar electric systems can be depreciated 100% in the first year, or by 85% if the 30% ITC is used in conjunction during tax time.
New Farm Solar provides several options for financing. Call us at 1-870-204-4949 or email us at firstname.lastname@example.org for more information.