Grant Information

Solar Commercial

Federal:

Grant – 30% of system installation for both wind and solar (set to expire Dec 31, 2011)

OR

Tax Credit – 30% of system installation for both wind and solar (set to expire Dec 31, 2016) 

State:

Clean Energy Grant Program – $500/kW up to $50,000 for Commercial Solar, Expires when funding is exhausted

The overall mid-size renewables program (PV, SWH, and wind combined) has a budget of $1.5 million for Fiscal Year 2012 as reported by the MEA's FY2012 Program Book.

Modified Accelerated Cost-Recovery Systems (MACRS):

100% Depreciation - businesses may recover investments in certain property through depreciation deductions

Expirations:
12/31/2011 (100% bonus depreciation)
12/31/2012 (50% bonus depreciation)

USDA:

Up to 25% of system installation

Solar Renewable Energy Credits (SRECs):

Sold, traded, or bartered, much like the stock market. These are generated and can be sold over the life of the system until 2025.

A 20kw solar electric residential system in Maryland can bring in more than $7,500 in annual, tax-free revenue. A 500kw solar electric system in New Jersey can bring in more than $500,000 in annual revenue. This is in addition to annual production savings from your system. These findings are based on trading in January 2011 and are in addition to annual production savings from your system.

Solar Residential

Federal:

30% Personal Tax Credit expires 12/31/2016

State:

Flat $1,000 for Residential Solar

Expires: when funds are exhausted; annual budget subject to appropriation
Total Fiscal Year 2012 funding to $8.8 millionMillion (combined residential solar, geothermal, and wind rebates)

** Earth and Air Technologies will honor the expired Residential Grant of .50/watt for any installed solar electric tracking system**

Solar Renewable Energy Credits (SRECs):

Sold, traded, or bartered, much like the stock market. These are generated and can be sold over the life of the system until 2025.

Property Tax Exemption:

For Solar and Wind Energy Systems – call to find out your county’s specific property tax incentive.

Wind Commercial

Federal:

Grant – 30% of system installation for both wind and solar (set to expire Dec 31, 2011)

OR

Tax Credit – 30% of system installation for both wind and solar (set to expire Dec 31, 2016)

State:

First 5kw: $2800/kW
Next 15kW: $750/kW
Over 20kW: $1,700/KW
up to $75,000 for Wind

Modified Accelerated Cost-Recovery Systems (MACRS):

100% Depreciation - businesses may recover investments in certain property through depreciation deductions

Expirations:
12/31/2011 (100% bonus depreciation)
12/31/2012 (50% bonus depreciation)

USDA:

Up to 25% of system installation

Renewable Energy Credits (RECs):

Sold, traded, or bartered, much like the stock market. These are generated and can be sold over the life of the system until 2025.

Wind Residential

Federal:

30% Personal Tax Credit expires 12/31/2016

State:

• First 5kw: $2800/kW
• Next 15kW: $750/kW
• Over 20kW: $1,700/KW
• up to $75,000 for Wind

Program Budget: FY 2012 $8.8 Million (combined residential solar, geothermal, and wind rebates)

Renewable Energy Creduts (RECs):

Sold, traded, or bartered, much like the stock market. These are generated and can be sold over the life of the system until 2025.

Property Tax Exemption:

For Solar and Wind Energy Systems – call to find out your county’s specific property tax incentive.