Energy Efficiency, Renewable Energy Tax Credits & Grants
Unlock Savings with Tax Credits, Grants, and Incentives
Switching to renewable energy and improving energy efficiency can lead to substantial tax savings and grants for businesses, homeowners, and agricultural operators. Knowwatts Inc. helps clients access a wide range of federal, state, and local grants, tax credits, and rebates to reduce project costs and maximize return on investment.
Available Federal Tax Credits for Energy & Renewables
1. Solar Investment Tax Credit (ITC)
Save 30% on Solar System Costs
The Federal ITC provides a 30% tax credit on the total cost of solar energy systems, including panels, inverters, and batteries. This credit applies to both residential and commercial installations.
Who Qualifies:
- Homeowners & Businesses
- Agricultural & Industrial Properties
What’s Covered:
- Solar Panels & Batteries
- Inverters & Installation Costs
2. Electric Vehicle (EV) Tax Credits
Up to $7,500 for EVs & 30% for EV Chargers
Switching to an electric vehicle (EV) or installing EV chargers qualifies for significant tax credits:
EV Purchase Credit:
- Up to $7,500 for new EVs
- Up to $4,000 for used EVs (if under $25,000)
EV Charger Installation Credit:
- 30% of Installation Costs (up to $100,000 for commercial properties and $1,000 for residential systems)
3. Energy-Efficient Home Improvement Tax Credit
Save Up to $3,200 Annually
Homeowners can claim up to $3,200 per year on energy-efficient upgrades, including heat pumps, HVAC systems, and insulation.
Eligible Upgrades Include:
- $2,000 Credit: Heat Pumps & Water Heaters
- $600 Credit: Windows, Doors & Roofs
- $150 Credit: Home Energy Audits
4. Commercial Energy-Efficient Buildings Deduction (179D)
Up to $5 per Square Foot Deduction
Businesses can claim up to $5 per square foot for installing energy-efficient systems in commercial buildings. Eligible projects include:
- Energy-Efficient Lighting
- HVAC & Refrigeration Systems
- Building Envelopes & Insulation
5. Residential Clean Energy Credit (Formerly ITC for Homeowners)
Get 30% Back for Home Solar & Renewables
Homeowners installing solar energy systems, geothermal heat pumps, wind turbines, or energy storage systems can claim 30% of project costs as a federal tax credit through 2032.
Renewable Energy & Energy Efficiency Grants
1. USDA Renewable Energy Grants (REAP)
Grants for Agricultural & Rural Businesses
The USDA Rural Energy for America Program (REAP) offers grants covering up to 25% of solar and energy-efficiency project costs and loans covering up to 75%.
Eligible Applicants:
- Farms & Agricultural Operations
- Food Processing Facilities
- Rural Small Businesses
2. Department of Energy (DOE) Grants
Research & Development Funding
Businesses engaged in renewable energy innovation and technology development may qualify for DOE grants through programs such as the Small Business Innovation Research (SBIR) and Energy Efficiency & Renewable Energy (EERE) programs.
3. State & Local Energy Grants
Funding for Local Energy Projects
Many states and municipalities provide grants for:
- Solar Installations
- Green Building Retrofits
- Energy Storage & EV Infrastructure
4. Nonprofit & Community Solar Grants
Expand Community Access to Solar Power
Nonprofits, schools, and community organizations can access special solar and energy-efficiency grants through various government and private sector programs, including:
- Local Solar Incentive Programs
- Community Solar Development Grants
How Knowwatts Helps You Secure Tax Credits & Grants
- Eligibility Assessment: We determine which tax credits, grants, and incentives apply to your project.
- Grant Application Support: We prepare and submit applications for federal, state, and local grants.
- Tax Filing Assistance: We ensure tax credits are properly filed during tax season to reduce your tax liability.
- Compliance & Reporting: We handle ongoing compliance requirements, including performance monitoring and reporting.
Success Stories
Project Spotlight:
USDA REAP Grant for Solar Farm Installation
- System Size: 1 MW Solar Farm
- Funding Secured: $250,000 Grant + $500,000 Loan
- Impact: Reduced upfront costs by 40% and secured long-term tax savings.
Ready to Save with Tax Credits & Grants?
Let Knowwatts Inc. help you secure the tax credits, grants, and rebates your project deserves. Contact us today for a free consultation on maximizing your financial savings.
Call Us: 404-643-4471
Email Us: info@knowwatts.com
Get Your Free Incentive Consultation Now!
Frequently Asked Questions (FAQs)
Q1: Can I qualify for both tax credits and grants?
A: Yes! Many projects qualify for multiple incentives, including federal tax credits, USDA grants, and local rebates.
Q2: How long does it take to secure a grant?
A: Grant approval can take anywhere from 3 to 9 months, depending on the specific program.
Q3: Are grants available for small businesses?
A: Absolutely. Many state and federal grants are designed specifically for small and rural businesses.
