Here is a short list of the most common grants, tax-credits and financing options available to SBS-Solar customers. If you don’t see something you’ve heard of or are looking for, don’t hesitate to contact us.
Alternative Energy Revolving Loan Program, MT DEQ – This is a 10-year, 3.25% loan for up to $40,000. Up to 20% of total loan can be allocated to energy efficiency improvements.
Federal Tax Credits
Residential 30% Renewable Energy Credit (thru 2019)This tax credit is applicable for all primary and secondary private homes. It includes all associated costs, such as installation and electrical work.
State (Montana) Tax Credits
Montana State provides a 500.00 per tax payer tax credit, or 1000.00 per couple for your solar installation.
E+ Renewable Energy Program NorthWestern Energy Non-Profit Customers
Under this program (with USB (Universal Service Benefits funds) the E+ Renewable Energy Program (NorthWestern Energy) provides custom incentives for projects that benefit organizations and communities for non-profit or government facilities. Projects receiving these funds often provide civic value including education and visible representation of renewable energy technologies to a broad audience. Broad Benefit Commercial solar PV incentives are awarded twice a year, once in the spring and once in the fall.
If your non-profit is interested in assistance with the grant application call Dan today. 406-541-8410.
The 5 criteria used to rank proposals are as follows:
- Non Profit
- Geographic Location
- Participant Match ( at least 10%)
- Educational Value
- System Maintenance
Small Businesses and Agricultural Producers in eligible areas
USDA Rural Development, REAP (Rural Energy for America Program) offers up to 25% grants for total eligible project costs, as well as loan guarantees.
This program helps increase American energy independence by increasing the private sector supply of renewable energy and decreasing the demand for energy through energy efficiency improvements. Over time, these investments can also help lower the cost of energy costs for small businesses and agricultural producers.
- Grants of $20,000 or less: October 31, 2017 and March 31, 2018;
- Unrestricted Grants (up to $500,000): March 31, 2017;
- Loan Guarantees are competed continuously throughout the year.
Don’t miss this unique opportunity to invest in the long term health of your business with an investment in solar energy and energy savings.