Incentives for Renewable Energy

Various incentives have been developed to encourage and support the renewable energy movement. State and federal incentives are available for energies like solar, wind, and other improvements. Renewable energy incentives help on a local and global level, as they promote pollution mitigation and environmentally-conscious living. With the increasing need for energy it is important to focus on incorporating sustainable options within residential and commercial settings. Federal and state incentives can assist you with your energy-independency goals. In addition, incentives can help improve air quality, human health, and carbon emissions.


The Database of State Incentives for Renewable and Efficiency (DSIRE)

In order to determine your local, state, and federal incentives please visit the Database of State Incentives for Renewable and Efficiency (DSIRE). DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995 and funded by the U.S. Department of Energy, DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council (Excerpt from: http://www.dsireusa.org/).

In order to determine the incentives available to you, simply visit the DSIRE website and select the applicable state. Available on the website is the information pertaining to various renewable energies and installations. In addition, the DSIRE website includes up-to-date information on renewable energy policies and regulations.


Put your incentives to work

Prior to investing in your renewable energy, it is important to determine the incentives available to you. If you are a business owner, DSIRE has created a Custom Incentive Search that can help you determine maximum savings and rebates. In addition, it is important to work with your energy installer to determine what you qualify for and how to meet your goals.


Types of incentives

State incentives differ, but federal renewable energy are applicable nationwide. Current federal incentives include the follow types of programs:

Corporate Deduction Corporate Depreciation Corporate Exemption Corporate Tax Credit Federal Grant Program Federal Loan Program Industry Recruitment/Support Performance–Based Incentive Personal Exemption Personal Tax Credit