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Easily afford a cash-flow positive energy project by obtaining government funding

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  • Learn how your organization can take advantage of the various government funding programs available which make renewable energy and energy efficiency projects affordable

    If you want to start an energy project, but need help getting government funding, EnergyLink can help

    Governments love renewable energy and energy efficiency; so much so that they are willing to provide substantial funding opportunities through grants, preferred loans, and rebates to organizations such as yours to help you go green.

    These funding opportunities can take your energy project from impractical to viable, or from viable to essential. Our staff understands the complex landscape of government funding opportunities, and can guide you through everything from eligibility to application.

    What types of funding can you get for your energy project?

    • Rebates: Various government departments and utility providers across the United States offer substantial rebates which can provide an instant financial incentive for starting an energy project. These typically subsidize costs for: building automation systems, lighting retrofits, HVAC upgrades, solar panels, energy efficient water heaters, and more. Rebates can help reduce system costs by 10-20%. Learn more about rebate programs your company could qualify for.
    • Federal Tax Credits: The Investment Tax Credit, which covers 30% of project costs for renewable energy, was recently extended until 2020. After that, tax credits will not remain the same and will change beginning in 2020:
      • 2020: 26% tax credit
      • 2021: 22% tax credit
      • 2022 onward: new commercial solar energy systems can deduct 10%. No federal credit for residential solar
    • State Tax Credits: Some states offer an additional state tax credit that varies by state, but is typically about 15% of project costs. With a state solar tax credit, managers can deduct a portion of their solar system’s cost from their state tax bill.
    • USDA REAP Grants & Loans: The USDA Rural Development Office offers a grant of up to 25% of total project costs anda loan of up to 75% of total project costs which can be used for eligible projects. This is agreat financing option for those looking to save money on their energy consumption.
      • Terms: For a renewable energy grant, the grant will apply to projects in the $2,500-$500,000 threshold. For energy efficiency grants, the threshold is $1,500-$250,000.
      • Click here to view USDA REAP eligible towns and cities.
      • Click here for more information on how to contact local USDA Rural Development Offices.
    • Utility/City Energy Efficiency or Renewable Energy Loans: Local utilities often offer loans to help businesses reduce energy costs. These are low interest rate loans with terms that vary depending on the project. EnergyLink can help you contact local city or utility providers to see if they offer any efficiency or renewable energy loans
    • Traditional Bank Loans: Bank loans offer low, 10-15 year financing options for building upgrades. Energy savings produced from building upgrades generate positive cash flows, decreasing investment risk, and hasten the payback period for projects.

    To view more information on other financial opportunities which you may be eligible for if you start an energy project, click here.

    Find out how EnergyLink can help you obtain government funding for your energy project

    Speak with one of EnergyLink's financial experts today!