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Agriculture Solar Financing And Incentives

Posted by Diane Mcdade on

You may be interested in solar power to lower your farm's energy costs. Many financing options and incentives are available for rural renewable energy systems. These can save you money and help you to complete small projects. Because solar power can be used to lower the cost of electricity to a near-zero level, it is a great option for rural small businesses and farms. 

This can help you reduce your production costs. These are some of the solar energy loan funds and incentives that can be used to lower the cost of solar panels.

MACRS: Modified Accelerated cost-Recovery Scheme. This incentive allows you to recover the investment's cost by taking depreciation deductions from your federal taxes. This is a great way to recover the cost of your investment through your taxes.

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REAP: Rural Energy for America Program. This program will grant loans or guarantee loan funds for the installation and maintenance of solar panels. The loan guarantee will pay for energy audits, installation, and improvements.

Sustainable Agriculture Research & Education. This program offers funding in the form of grants for various renewable and sustainable energy projects. Grants are available for rural small businesses, such as farms and ranches, to help fund projects like the installation on-farm of renewable energy systems. This includes solar power systems.

To learn more about solar loan programs you can browse various websites or you can also ask for recommendations.