FEDERAL INVESTMENT TAX CREDIT (ITC)
The following applies to the 3 product categories below:
- Tax Credit:
- 30% of cost with no upper limit
- December 31, 2019
- Existing homes & new construction qualify. Principal residences, second homes and Businesses qualify. The only exception is commercial geothermal where the ITC is 10%.
Geothermal Heat Pumps
Small Wind Turbines (Residential)
Solar Energy Systems
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