Tag Archives: grant
30% Federal Cash Grant for New Solar – FAQs
1. What is the 30% DOE cash grant program? For a limited time, the US Department of Energy and the US Treasury will pay 30% of the cost of new solar power installations started and/or completed in 2009 or 2010. The American Recovery and Reinvestment Act of 2009 [1] signed into lawby President Obama earlier this [...]
US Treasury to Pay 30% of Project Costs for New Solar
In about 65 days, the US Treasury will begin to issue cash grants to owners of solar power systems of all sizes. The grant is equal to 30% of the project’s cost. This includes households, solar developers, businesses, commercialbuildings, and utilities. The grant is scalable. On a $34,000 homeinstallation, the DOE will authorize a $10,200 payment. [...]
Solar Tax Grant Forms Available Here
Those contemplating solar power for home or business and want to take the 30% tax credit as a grantcan now apply. The grant is part of the American Recovery andReinvestment Act of 2009 passed in February. Solar, wind, geothermal,hydropower and (unfortunately) nuclear are eligible projects. Theprogram is funded with $85 billion but this could go [...]