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. You may also sell the tax credit to another company if you have no taxable income.
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