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Tax Incentives
“We have a choice.  We can remain the world’s leading importer of oil, or we can become the world’s leading exporter of clean energy,” said President Obama. “We can hand over the jobs of the future to our competitors, or we can confront what they have already recognized as the great opportunity of our time:  the nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy.  That’s the nation I want America to be.”





"We have an ambitious agenda to put millions of people to work by investing in clean energy technology like solar and geothermal energy,” Energy Secretary Steven Chu said.  "These technologies represent two pieces of a broad energy portfolio that will help us aggressively fight climate change and renew our position as a global leader in clean energy jobs.”

We are in an unprecedented time when it comes to alternative energy. The benefits are becoming more and more apparent and our government has pledged to expand the country's solar energy capabilites. The government has also made available a plethora of programs that all USA citizens can take advantage of. We have listed some below. If you are confused, don't worry, you can call us and we will fill you in on all the details, and make you aware of the programs you can qualify for.
General(Federal)

Federal Solar Energy Incentives

Other Programs
Database of State Incentives for Renewables and Efficiency
National Grid - Solar Thermal Rebate Program
Federal Incentives for Renewables and Efficiency
Business Energy Investment Tax Credit(ITC)
Clean Renewable Energy Bonds(CREBS)
Modified Accelerated Cost-Recovery System(MACRS) + Bonus Depreciation
Qualified Energy Conservation Bonds
Residential Renewable Energy Tax Credit
US Department of Treasury - Renewable Energy Grants

Massachusetts
Massachusetts Incentives for Renewables and Effeciency
Rhode Island
Rhode Island Renewable Energy Incentives
Alternative Renewable Energy System Approval Form
RIEDC - Renewable Energy Fund Loans
Renewable Energy Sales Tax Exemption
Incentive Type: Sales Tax Exemption

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Heat Pumps, Solar Pool Heating

Applicable Sectors: Commercial, Residential, General Public/Consumer
Amount: 100% exemption
Maximum Incentive: None
Authority 1: R.I.G.L § 44-18-30
Effective Date:7/15/2005

Summary: Certain renewable energy systems and equipment sold in Rhode Island are exempt from the state's sales and use tax. Eligible products include solar electric systems, inverters for solar electric systems, solar thermal systems, manufactured mounting racks and ballast pans for solar collectors, geothermal heat pumps, and wind turbines and towers.
National Grid Solar Water Heating Rebate
National Grid provides incentives for both non-residential and residential solar water heating systems to its gas customers.

Non-Residential Systems (e.g. Commercial and Industrial)
The National Grid solar water heating rebate is set at $3.00 per therm, based on the system’s projected first year output. A therm is equal to 100,000 British thermal units, and there are 10 therms in an MMBTU (million British thermal units). Please contact National Grid at 1-800-843-3636 to apply for the solar water heating rebate. Rebates are available on a first-come, first-serve basis.

It is also possible for programs to pursue funding from National Grid under the Economic Redevelopment Program, under which projects are eligible for an incentive of $8/therm, based on the system’s first year output. Unlike the standard rebate, projects must apply for the Economic Redevelopment Program. For more information about the Program, please contact National Grid at 1-800-843-3636
Some Useful Web Links
Database of State Incentives for Renewables & Effeciency http://www.dsireusa.org/
National Grid http://www.thinksmartthinkgreen.com/
American Solar Energy Society http://www.ases.org/
International Solar Energy Society http://www.ises.org/
US Department Of Energy Efficiency and Renewable Energy http://www.eere.energy.gov/


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