Solar Water Heat

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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Santee Cooper - Commercial Energy Efficiency Rebate Program

Santee Cooper provides rebates to its commercial customers. These rebates are for certified and non-certified retrofit lighting, lighting controls, and underwater LED lighting. Rebate amounts are different for new construction versus retrofits. Contact the utility for more information. 

 

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New Solar Market Development Tax Credit

New Mexico provides a 10% personal income tax credit (up to $6,000) for taxpayers that own a residence, business, or agricultural enterprise who purchase and install certified photovoltaic (PV) and solar thermal systems on their property. Eligible systems include grid-tied commercial and industrial PV systems, off-grid and grid-tied residential PV systems, active solar thermal systems, and systems with or without storage. To be eligible, systems must first be certified by the New Mexico Energy, Minerals and Natural Resources Department. The taxpayer must then apply for the tax credit with the New Mexico Taxation and Revenue Department within 12 months of

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2021 Sustainable Building Tax Credit (Personal)

H.B. 15, enacted in April 2021, established a new version of the personal tax credit and corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and residential buildings.

Commercial Buildings

Commercial buildings which have been registered and certified by the U.S. Green Building Council at LEED Gold or higher for new construction (NC), existing buildings (EB), core and shell (CS), or commercial interiors (CI), and are broadband- and electric vehicle-ready are eligible for a tax credit. The amount of the credit varies according to the square footage of the building, the level of

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2021 Sustainable Building Tax Credit (Corporate)

H.B. 15, enacted in April 2021, established a new version of the personal tax credit and corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and residential buildings.

Commercial Buildings

Commercial buildings which have been registered and certified by the U.S. Green Building Council at LEED Gold or higher for new construction (NC), existing buildings (EB), core and shell (CS), or commercial interiors (CI), and are broadband- and electric vehicle-ready are eligible for a tax credit. The amount of the credit varies according to the square footage of the building, the level of

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Southwest Gas Corporation - Commercial Energy Efficient Equipment Rebate Program

Southwest Gas Corporation (SWG) offers rebates to commercial customers in Nevada who purchase energy-efficient natural gas equipment. All equipment must meet program requirements stated on the rebate application and on the program website. Rebate forms may be found on the program website listed above. Equipment must be installed and functioning to receive a rebate. Please visit the website listed above for other details or contact SWG.

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Ashland Electric Utility - New Construction Residential Energy Efficiency Rebate Program

The City of Ashland offers incentives to all news homes for energy and water efficiency projects. Program participants can select from any of the offered incentives to obtain a maximum rebate of $2,500. Following project completion, the home will be recognized as an Ashland Smartbuild Home. Rebates are offered for a variety of home efficiency projects and equipment, including:

  • ENERGY STAR Appliances
  • Heat Pumps/Heat Pump Water Heaters
  • Water Sense Home Certification
  • Earth Advantage Platinum Home
  • EV Charging Unit
  • Solar Water Heating/Solar PV

For program details, contact Dan Cunningham using the contact information below.

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Texas Gas Service - Commercial Energy Efficiency Rebate Program

Texas Gas Service (TGS) offers a range of financial incentives to commercial customers who purchase and install energy efficient commercial equipment. Eligible categories for rebate includes food service equipment, water heaters, dryers and transportation. Direct install measures are also available through the TGS Commercial Direct Install Program. Purchased equipment must meet all TGS requirements for efficiency and installation. To be eligible for this incentive, customers must be on an applicable rate code.  Certain rebates are available only to customers in specified service areas. Contact TGS for more information on this offering.

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State of NY Commercial PACE Financing Program

Note: In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENow for more information about PACE financing
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