FEDERAL INVESTMENT TAX CREDIT (ITC)
The following applies to Solar Electric and Solar Water Heating:
- Tax Credit:
- 30% of cost with no upper limit
- December 31, 2019
- Existing homes & new construction qualify. Principal residences, second homes and Businesses qualify.
As of January 1, 2017 Geothermal Heat Pumps and Small Wind systems are no longer eligible.
USDA RURAL DEVELOPMENT PROGRAM (REAP)
The Rural Energy for America Program (REAP) provides assistance to agricultural producers and rural small businesses to complete a variety of projects. Offering both loan guarantees and grants, the REAP program helps eligible applicants install renewable energy systems such as solar panels or anaerobic digesters, make energy efficiency improvements such as installing irrigation pumps or replacing ventilation systems, and conduct energy audits and feasibility studies.
The information above is from The www.rurdev.usda For more information, visit: http://www.rurdev.usda.gov/bcp_reap.html