- Residential Solar Investment Tax Credit (ITC)
- Business Energy Investment Tax Credit (ITC)
- USDA Rural Energy for America Program (REAP) Grants
Residential Solar Investment Tax Credit (ITC)
The Residential Solar Investment Tax Credit (ITC) provides a 26% tax credit for homeowners who install solar energy systems on their properties. This credit is available through 2024, after which it will gradually decrease.
Business Energy Investment Tax Credit (ITC)
The Business Energy Investment Tax Credit (ITC) offers a 26% tax credit for businesses that invest in solar energy systems. This credit is also available through 2024, with a gradual reduction in subsequent years.
USDA Rural Energy for America Program (REAP) Grants
The USDA Rural Energy for America Program (REAP) provides grants for renewable energy systems, including solar power, in rural areas. These grants are available for both homeowners and businesses, with the application deadline typically in the spring of each year.