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.

FORM:  https://www.irs.gov/pub/irs-pdf/f5695.pdf

INSTRUCTIONShttps://www.irs.gov/pub/irs-pdf/i5695.pdf

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.

FACT SHEET: https://www.rd.usda.gov/files/RD_FactSheet_RBS_REAP_RE_EE.pdf

WEBSITE: https://www.rd.usda.gov/programs-services/rural-energy-america-program-renewable-energy-systems-energy-efficiency

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.

Financing:

New Farm Solar provides several options for financing. Call us at 1-870-204-4949 or email us at pv@newfarmsolar.com for more information.