Renewable Energy Financial Incentives

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financial incentives
Large-scale solar pv power installation

The world of finance is taking great interest in the renewable energy field as it develops and grows. There are numerous financial incentives offered by various sources to homeowners and companies looking to go green. Several resource sites provide up-to-date information on available financial support.

  1. DSIRE® | NC Clean Energy Technology Center – DSIRE is an acronym for Database of State Incentives for Renewables & Efficiency. It is an excellent information source highlighting the incentives and policies supporting renewable energy and energy efficiency across the United States. Accessing a massive database with excellent filtering options provides the reader with a comprehensive list of programs and standards on a state-by-state basis, supplemented by an extensive library of reports, technical papers, presentations and related resources.
  2. Energy.gov | Energy Saver – Energy Saver is an office of the U.S. Department of Energy. Its mandate includes being a resource for consumers looking to save energy and employ renewable energy technologies at home. This website refers to the DSIRE website shown above for local, regional and national financing incentives. It also offers information on energy-efficient financing through a government-insured or conventional loan program.
  3. Energy Star | Renewable Energy Tax Credits – This site offers up-to-date information on tax credits available for residential energy efficiency, builders of energy-efficient homes, tax deductions for energy-efficient commercial buildings, and tax credits for residential renewable energy products.
  4. IRS: Energy Incentives for Individuals Q&A – The Internal Revenue Service offers information and responses to common questions concerning financial incentives and tax credits for energy efficiency upgrades undertaken by homeowners.
  5. US Department of Energy | Solar Energy Technologies Office (SETO) – SETO offers funding support for large-scale and broadly impactful solar projects. These include photovoltaic technology advancements, concentrating solar power systems, assisting technology to market, systems integration and solar soft cost projects.
  6. US Energy Information Administration – This site offers information about federal tax incentives and credits for qualifying renewable energy projects or equipment for large-scale and residential applications, among other related information and guidance.
  7. Clean Energy Solutions Center – This resource helps guide policy development for countries aspiring to increase renewable energy deployment within their jurisdictions using a wide variety of financial incentives.