IncentivesWe will help you determine which incentives you qualify for!
30% grant funded geothermal tax credit visit http://www.waterfurnace.com/tax_credits.aspx
30% Federal Investment Tax Credit (ITC) or Treasury Grant (for businesses). This is a tax credit, not a deduction. For businesses, this grant may be recovered in as little as 60 days.
Rural Energy for America Program (REAP) Grants - 25%. For rural business, this USDA grant may drastically reduce the expense of installing a renewable energy system.
Acclerated depreciation - Under federal MACRS, 100% of allowable depreciation may be captured in 2011, 50% for systems installed in 2012.
State rebates - check the link below to see if your state offers renewable energy system rebates.
Solar Renewable Energy Certificates (SRECs) - Often a robust market, SRECs may provide a recurring income stream for power gnereated by your solar system. Call us to find out more.
Net metering - under Virginia (and many other states') law, net metering is required. Net metering is the most financially advantageous power metering method for solar systems. You would only pay for the NET of what you produce versus what you consume! That is, every kWh you produce is a kWh you do not have to buy from your utility.
Power Purchase Agreements (PPAs) - PPAs can be advantageous for homeowners and businesses that have over-production from their PV systems. They can provide additional income for decades.
Utility Rebate Programs - Some utilities have their own rebate programs. Call your utility or call us to find out if your utility will help offset the cost of your renewable energy system.
For more information and a complete list of available incentives, visit the Database of State Incentives for Renewable and Efficiency (DSIRE) at www.DSIREusa.org
Renewable Energy Solutions, Inc.
| Harnessing the Earth's Energy
Specializing in : Geothermal - Solar - Radiant
13200 Willow Run Rd. | Elkwood, VA 22718 | (540) 825-3651 | info@res-corp.com