Incentives
Some of the current incentives
- TVA - Mid-Sized Renewable Standard Offer Program
- Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation
Bonus Depreciation - Business Energy Investment Tax Credit (ITC)
30% Federal Tax credit - USDA - Rural Energy for America Program (REAP) Grants
25% of project cost - Residential & Business Renewable Energy Tax Credit
30% Federal Tax Credit - TVA - Green Power Switch Generation Partners Program
Purchase of 100% power generated for 10 years
As you can see there are many advantages for implementing a solar power system. But, the most important one of all is that we owe it to earth to be responsible stewards of our planet. We only have one.
