GOVERNMENT TAX CREDITS
The Business Investment Tax Credit (ITC) is a dollar-for-dollar federal corporate tax credit available for commercial, industrial and utility renewable energy installations.
Eligible renewable technologies include Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Solar Hybrid Lighting, Direct-Use Geothermal, and Microturbines.
The amount of the tax credit is 30% for solar energy systems and small wind power systems and 10% for geothermal, microturbines and CHP.
The American Recovery and Reinvestment Act of 2009 allows taxpayers eligible for the ITC to take a federal grant from the U.S. Treasury Department instead. The grant will not be included in the gross income of the taxpayer. The benefit of the grant is that the taxpayer may receive their money sooner.
The Residential Renewable Energy Tax Credit is a dollar-for-dollar federal personal tax credit
Eligible renewable technologies include Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies.
The amount of the tax credit is 30%.
Some electric utility providers are also encouraging people to go green by offering rebates for residential and/or commercial renewable energy systems.
Commercial, Residential and Institutional
These vary from city to city, or even from one electric utility provider to another within the same city. The rebates they offer can be generous and can result in most of your system being paid for by a combination of tax credits and rebates. Click here to find what is available in your area, or Contact Us to learn more.
Commercial, Residential and InstitutionalAkari Energy can arrange capital for both small and large scale projects ranging from a few thousand dollars to several million.
Different purchasing options can range from a simple grant to more involved mezzanine financing, private equity, or structured loans, etc.
There are also government financing options that may be available to you. See below for more information, or Contact Us to learn more.
Akari Energy offers 6 month, 12 month and 18 month Same-As-Cash loans for residential projects. You can purchase your Akari Energy system without payments or interest during the term of the loan. Call now to learn more and find out if you qualify.