FEDERAL TAX CREDIT - Renewable energy systems are eligible for a no-cap federal tax credit of 30% of installed system cost. For details visit www.dsireusa.org and click on Rhode Island, then click on “see Federal Incentives”.
GRANTS - The USDA is offering grant money to farms and businesses through the Rural Energy for America Program Grants/Renewable Energy Systems/Energy Efficiency Improvement Program (REAP/RES/EEI) funding. Renewable energy systems and efficiencies of all kinds are eligible. For detailed information on the USDA grant program go to http://www.rurdev.usda.gov/rbs/busp/9006grant.htm
LOW INTEREST LOANS - Low interest loans are available through the state and local banks. Leasing your own renewable energy system is also an option. Visit dsireusa.org for contact information.
For more details on available tax credits and other incentives please visit:
www.dsireusa.org click on “Rhode Island”
- Newport Solar is able to supply information regarding tax credits, however, we are not accounting professionals and suggest that you speak with your preferred tax advisor about your specific eligibility.