Solar panel grants and subsidies for farmers are better than ever.
Solar for residential is usually worth it, but solar for farmers is amazing.
If you have had a commercial utility bill for at least a year, give us a call for a free consultation.
(804) 551-9626
Getting 100% off is not impossible, and getting 80% off is not uncommon… is that true?
REAP Grant
For most of its history the USDA REAP Grant provided funding for up to 25% the total cost of a solar energy project. But as of 2023, the REAP Grant can now be sought for up to 50% of the cost of the project up to 1 million dollars.
Federal Solar Tax Credit
This credit allows businesses to deduct 30% of the cost of their solar system from their federal taxes. Going with American-made panels makes this incentive increase by an additional 10%.
MACRS Depreciation
MACRS is only for businesses. MACRS stands for “Modified Accelerated Cost Recover System” and it tends to be about a 30% reduction in the price of your panels in the form of tax deductions over a 5-6 year period and you may take 40% of it in the first year in 2025.
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(804) 551-9626