Solar Photovoltaics

Residential Renewable Energy Tax Credit

Note: Section 13302 of The Inflation Reduction Act of 2022 (H.R. 5376) extended the expiration date and modified the phase down of this tax credit. It also made stand-alone energy storage systems eligible for the credit, and biomass heaters ineligible for the credit. Biomass heaters are now eligible for the residential energy efficiency tax credit. The summary below reflects the credit after the enactment of H.R. 5376.

A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures

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Energy-Efficient Mortgages

Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.

FHA Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan

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Renewable Electricity Production Tax Credit (PTC)

Note: The Inflation Reduction Act of 2022 (H.R. 5376) made several significant changes to this tax credit, including extending the expiration date, providing for new bonus credits, and establishing new criteria to qualify for the full credit. It also phases out this tax credit under section 45 of the Internal Revenue Code at the end of 2024 and replaces it with a new technology-neutral tax credit under section 45Y of the Internal Revenue Code. The summary below describes the current section 45 tax credit as modified by the Inflation Reduction Act, and below that, the new 45Y tax

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Austin Utilities (Gas and Electric) - Commercial and Industrial Energy Efficiency Rebate Program

Austin Utilities offers incentives to its commercial and industrial customers for the installation of energy-efficient equipment in eligible facilities. Rebates are available for lighting equipment, HVAC equipment, anti-sweat heater controls for cooler/freezer doors, motors, variable speed drives, heat pumps (air-source and geothermal), food service equipment, and finally custom and electric measures.Austin Utilities can also help examine a customer's potential energy and money saving options by identifying rebate amounts and estimated payback time. Applications must be submitted and approved before the new equipment is installed. Rebates are available until funds are exhausted for the calendar year.

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Tax Exemption for Renewable Energy Generation

In March 2007, West Virginia enacted legislation (SB 441) amending its tax law concerning the business and operation (B&O) tax for wind turbines. Although SB 441 increased the taxable value of wind turbine generating capacity, the taxation level is still significantly lower than that of most other types of electricity generation. For most types of newly constructed electricity-generating units, the B&O tax is calculated by multiplying a pre-determined dollar amount by 40% of the nameplate capacity rating of the generating unit. However, the B&O tax on wind turbines is multiplied by only 12% of the nameplate capacity rating

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Net Metering

Eligibility and Applicability

Montana's net-metering law, enacted in July 1999, applies to all customers of investor-owned utilities. Systems up to 50 kilowatts (kW) in capacity that generate electricity using solar, wind or hydropower are eligible. No limit on enrollment or statewide installed capacity is specified. Utilities may not require customer-generators to comply with any additional standards or requirements beyond those established by the National Electric Code, National Electrical Safety Code, Institute of Electrical and Electronic Engineers (IEEE), and Underwriters Laboratories (UL).

Net Excess Generation

Net excess generation (NEG) is credited to the customer's next monthly bill. The customer may choose

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Community Distributed Generation

Introduction

In July 2015 the NY Public Service Commission (PSC) issued an order that established a Community Net-metering in the State. The community net-metering allows multiple customers to subscribe to and receive credits for the electricity produced from off-site renewable generation facilities. This policy makes it possible for renters, low-income residents, and homeowners to receive credits for renewable energy who previously could not install a renewable generation facility in their homes. 

In general a community energy project requires a minimum of 10 members. In March 2017, the commission allowed a waiver for a minimum ten member requirement for community distributed

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Community Solar Energy Pilot Program

In May 2018,  the governor signed A3723/S2314, which mandates the creation of the Community Solar Energy Pilot Program. The New Jersey Board of Public Utilities adopted rules establishing the Community Solar Energy Pilot Program on January 17, 2019.

The pilot is designed to run for three years. Program Year 1 applications opened on April 19, 2019. Program Year 2 applications were due on February 5, 2021. As of December 2022, a schedule for Program Year 3 is not available.

Aggregate capacity in the state in limited to 75 MW per program year. The capacity limit is divided

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Town of Ipswich Electric Light Department Solar PV Rebate Program

The Town of Ipswich Electric Light Department offers a solar PV rebate program to residential and commercial customers. The incentive is $0.30 per watt, up to $3,000. In order to be eligible, systems must have a capacity of 25 kW-DC or less, have less than 20% shading, and face between 90 and 270 degrees east and west respectively. System size limits for interconnection are 10 kW-DC (residential) and 30 kW-DC (commercial).

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Shrewsbury Electric & Cable Operations Solar Rebate Program

Shrewsbury Electric & Cable Operations (SELCO) offers a solar rebate program. The rebate program allows residential customers to apply for an incentive for the purchase, installation, and usage of solar PV. The program offers $0.10 per watt up to 10 kW DC of installed capacity. The max rebate is 25% of the installed cost, up to $1,000. Solar installations must have less than 20% shading, facing between 90 and 270 degrees east and west respectively.

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