Secure Government Funding for Your Next Project
Easily afford a cash-flow positive energy project
Learn how your organization can take advantage of the various government funding programs available which make renewable energy projects affordable
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?
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.
Utility/city 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
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.
Start your project now
Secure government funding to get your energy project started