Solar Incentives for Business

	• Uncapped 30% federal tax credit for solar property based on the total cost of the system. For more info, click here. • Five-year accelerated depreciation, also known as Modified Accelerated Cost Recovery System (MACRS) on solar property. For more info, click here.
	• TVA Green Power Providers (GPP) and Solar Solutions Initiative: For a limited time, TVA will pay a 9 cent premium for solar production under GPP. GPP participants approved in 2013 will receive 9 cents plus the GSA-1 rate (about 10 cents) per kWh for solar electric production - totaling about 19 cents per kWh. Systems approved in GPP are capped at 50 kilowatts as well as limited in size to produce no more than the building's consumption. In Middle TN, we expect production of approximately 1,300 kWh a year for each kW of installed capacity. Thus, a 50 kW system generates about 65,000 kWh/year, and the utility would pay you $12,350/year (GSA-1 rate is 10 cents). The GP 12 cent premium is limited to systems under 50 kW. Over 50 kW requires participation under the Solar Solutions Initiative (SSI). Please contact us or visit the TVA website for the latest developments on SSI. UPDATE: TVA has implemented a GPP program capacity limit of 7.5MW for 2013. Once TVA receives applications for 7.5MW, the program is expected to close for the rest of the year. Contact us for a free consultation, and we will help you decide if solar is right for you. Then, we prepare your GPP application and send to the local utility and TVA for approval.
	• Tennessee Department of Environment and Conservation (TDEC) Clean Tennessee Energy Grant program: The purpose of the grant program is to fund projects that best result in a reduction of emissions and pollutants. The Clean Tennessee Energy Program provides financial assistance to state and local government agencies, utility districts, and private businesses and organizations in Tennessee to purchase, install, and construct energy projects that fit into one of the following eligible project categories: Application info is on the TDEC website.
	• 25% USDA grant for agricultural producers and rural small businesses that install solar. Click here for info on USDA REAP eligibility or contact us for more info. UPDATE: The 2013 Farm Bill has not been passed, so REAP funding for new projects has not been secured at this time.
	• KADF Energy Program: The 2012 KADF On-Farm Energy Efficiency & Production program provides incentives for Kentucky farms to increase energy efficiency and renewable fuel production. Applicants may receive up to 25 percent reimbursement of the actual cost of a qualified energy saving item, up to $10,000.Applications will be reviewed and scored quarterly. Application info is available here. Please contact us for grant application assistance.