Update On Cash Grants For PV Systems In 2011 | Facility Executive - Creating Intelligent Buildings

Until the end of 2010, qualified businesses can participate in the American Recovery & Reinvestment Act of 2009 (ARRA) which provides a cash rebate of 30% of the cost of a solar-produced (renewable) energy system. The rebate generally comes within 60 days following completion of the system installation.


https://facilityexecutive.com/2010/12/update-on-cash-grants-for-pv-systems-in-2011/
Until the end of 2010, qualified businesses can participate in the American Recovery & Reinvestment Act of 2009 (ARRA) which provides a cash rebate of 30% of the cost of a solar-produced (renewable) energy system. The rebate generally comes within 60 days following completion of the system installation.
Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Update On Cash Grants For PV Systems In 2011

Update On Cash Grants For PV Systems In 2011 | Facility Executive - Creating Intelligent Buildings

Commercial businesses can still apply for the 30% cash grant next year for renewable energy. The Recovery Act allows taxpayers to receive cash assistance from the Treasury Department in lieu of tax credits.

According to the guidance from the Treasury department, commercial businesses can still apply for the 30% cash grant next year if they incur 5% of the cost of a renewable energy (solar) plant in 2010. This means if a purchase order is signed and a deposit paid by the end of this year, a solar PV system is eligible for the 30% cash grant.

What can be done to reduce the short and long term costs of commercial energy? Until the end of 2010, qualified businesses can participate in the American Recovery & Reinvestment Act of 2009 (ARRA) which provides a cash rebate of 30% of the cost of a solar-produced (renewable) energy system. The rebate generally comes within 60 days following completion of the system installation.

Benefits of solar produced energy include:

  • Significantly reducing overall energy cost;
  • Converting power costs from variable to fixed;
  • Creating a highly reliable and low maintenance power system; and
  • Becoming a truly green and sustainable business.

A PV solar energy system can take advantage of the ARRA Program before it expires on December 31, 2010.

Suggested Links:

You Might Like:

  • Facility Executive | June 2017 IssueThe June 2017 issue features the impact of workplace design on productivity, plus a look at conferencing technology, HVAC systems, sustainable carpet, security, acoustics, construction projects, and energy management.
  • Maryland Opens Its First Net Zero Energy SchoolMaryland’s first net zero energy school — Howard County Public Schools' Wilde Lake Middle School — recently opened in Columbia, MD.
  • Amazon Launches Global Solar Energy InitiativeAmazon will install solar systems on 50 fulfillment facility rooftops worldwide by 2020; 15 solar installations planned for completion by the end of 2017 will generate up to 41 MW.

3 COMMENTS

  1. Keep an eye out for the votes this week. I am pretty sure the Senate votes Wednesday and the House on Thursday; the President would sign shortly thereafter if both pass the tax extenders bill agreed upon yesterday. Its passing would ensure that facility managers installing solar energy would be eligible for the grant form of the 1603 energy tax credit.

LEAVE A REPLY