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Funding Opportunities and Government Incentives

 

Money pile

In the U.S., there may be various renewable energy grants or loans available to help build and subsidize your wind turbine or wind farm.  The U.S. Department of Agriculture Rural Development Business Programs may offer loans and grants for renewable projects through its Energy and Energy Efficiency Program. This USDA Program provides financial assistance to farmers, ranchers, and rural small businesses to purchase renewable energy systems, such as, wind turbines.  Grants will be awarded competitively to fund rural renewable energy projects. Grants can fund up to 25% of a project’s total cost.  Grants may be awarded up to $500,000 for renewable energy projects.

Our 100 kW wind turbine also qualifies for the Business Energy Investment Tax Credit (ITC) and the Residential Renewable Energy Tax Credit. Under these programs, the federal government offers a 30% tax credit applicable to renewable energy systems, including small wind turbines. 

In addition, there may be various state renewable economic incentives to help build and subsidize your wind turbine/farm.  Click here to see DSIRE, a database of state incentives for renewable energy projects.

Finally, under certain circumstances, we may be able to offer financing or support your efforts in identifying financing options.