Solar Finance, Solar Grants, Federal Tax Credits, Solar PPA, Explained… cover image

Solar Finance, Solar Grants, Federal Tax Credits, Solar PPA, Explained…

Solar Loans: The FHA’s PowerSaver Program: U.S. Department of Housing and Urban Development Multi-family Housing Loan: U.S. Department of Agriculture Rural Utilities Service Electric Program: U.S. Department of Agriculture Solar Grants: Green Retrofit Grants: U.S. Department of Housing and Urban Development High Energy Cost Grants: U.S. Department of Agriculture Renewable Energy Grants: U.S. Department of the Treasury Tribal Energy Program: U.S. Department of Energy REAP: Grants U.S. Department of Agriculture Investment Tax Credit: (ITC), also known as the federal solar tax credit, allows you to deduct 26% percent of the cost of installing a solar energy system from your federal taxes. The (ITC) applies to both residential and commercial systems, and there is no cap on its value. Solar Renewable Energy Certificates (SRECs) are a solar incentive that allows homeowners to sell certificates for energy to their utility. A homeowner earns one SREC for every 1000 kilowatt hours (kWhs) produced by their solar panel system. An SREC can be worth over $300 in certain states. Solar Power Purchase Agreement (SPPA): A Solar Power Purchase Agreement (SPPA) is a financial arrangement in which a third-party developer owns, operates, and maintains the photovoltaic (PV) system, and a host customer agrees to site the system on its property and purchases the system’s electric output from the solar services provider for a predetermined period. This financial arrangement allows the host customer to receive stable and often low-cost electricity, while the solar services provider or another party acquires valuable financial benefits, such as tax credits and income generated from the sale of electricity. With this business model, the host customer buys the services produced by the PV system rather than the PV system itself. This framework is referred to as the “solar services” model, and the developers who offer SPPAs are known as solar services providers. SPPA arrangements enable the host customer to avoid many of the traditional barriers to the installation of on-site solar systems: high upfront capital costs, system performance risk, and complex design and permitting processes. In addition, SPPA arrangements can be cash flow positive for the host customer from the day the system is commissioned. KW Solar Solutions, Inc With 16 years in Renewable energy will do our best to explain what you qualify for in your area and how all the grants, loans, investment tax credits work to make going solar easy and affordable. We care and want to help people and businesses do the right thing by going green with their energy consumption needs. KW SOLAR SOLUTIONS INC 94 Childs Road Elkton, MD 21921 CALL US Toll Free: 877-42SOLAR Phone: 302-838-8400 Fax: 302-261-6671 Email: info@KWsolar.net