Solar Photovoltaics

Residential Renewable Energy Tax Credit

Note: The Bipartisan Budget Act of 2018, signed in February 2018, reinstated the tax credit for fuel cells, small wind, and geothermal heat pumps. The tax credit for all technologies now features a gradual step down in the credit value. 

A taxpayer may claim a credit of 30% of qualified expenditures 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 with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed

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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: Wind facilities commencing construction by December 31, 2020, and all other qualifying facilities commencing construction by January 1, 2018 can qualify for this credit. The value of the credit for wind steps down in 2017, 2018 and 2019. See below for more information. For all other technologies, the credit is not available for systems whose construction commenced after December 31, 2017. 

The federal renewable electricity production tax credit (PTC) is an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualified energy resources and sold by the taxpayer to an unrelated person during the taxable year. The duration of the

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Community Solar Gardens

H.B. 1342 of 2010 authorized the development of community solar gardens (CSGs) in the service territory of investor-owned utilities in Colorado. Legislation approved in 2019 increased the maximum size of a CSG from 2 megawatts to 5 megawatts, and allowed the Public Utilities Commission (PUC) to increase the maximum size to 10 megawatts beginning July 1, 2023. The legislation also removed the requirement that a CSG subscriber's identified physical location be in the same or adjacent county as the CSG, though both locations must be within the service territory of the same investor-owned utility. 

Subscriptions must be at least 1

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Renewable Portfolio Standard

In April 2020, Virginia's legislature passed H.B. 1526, which requires, among other things, the development of renewable portfolio standards for electric utilities and suppliers. 

Requirements:

Virginia's Renewable Portfolio Standard (RPS) requires Phase II Utilities to generate 100% of their power from renewable sources by 2045. The RPS requires Phase I Utilities to generate 100% of their power from renewable sources by 2050. A complete list of requirements by year is given below:

  • 2021 - 6% for Phase I Utilities, 14% for Phase II Utilities
  • 2022 - 7% for Phase I Utilities, 17% for Phase II Utilities
  • 2023 - 8%
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Solar Rights

Wyoming’s Solar Rights Act (1981), states that the “beneficial use of solar energy is a property right”. Solar rights -- a landowner's right against interference with sunlight for the purposes of solar energy -- are thus property rights. 

The Act states that these rights are only valid from 9:00 a.m. to 3:00 p.m. Mountain Standard Time. Outside of these hours, the solar right may be infringed without compensation to the owner of the solar collector. The Act delegates responsibility of enforcement to local governments by requiring local governments to establish a permit system for the use of solar energy. A

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Lakeland Electric - Residential Energy Efficiency Loan Program

Lakeland Electric offers a zero-interest loan program to its customers who wish to make energy efficiency upgrades. Eligible measures include windows, HVAC, heat pump water heaters, air sealing and insulation, solar PV, geothermal heat pumps, and solar water heater systems. The minimum loan amount is $500 and the maximum is $5,000. There is also a one-time filing fee that will be applied to a customer's utility bill. For a $5,000 loan, this fee has been around $90.50. Loans are repaid monthly after the project has been completed.

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Florida Keys Electric Cooperative - Solar Loan Program

Florida Keys Electric Cooperative (FKEC) offers a loan program for the purchase and installation of a grid-tied Distributed Energy Resource (DER) system. This can be both a battery storage system or a photovoltaic system. This program is offered to both residential and commercial customers. To participate, customers must have a "clean" billing history with FKEC for at least 12 months for residential customers and at least 24 months for commercial customers.

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Colorado Springs Utilities - Commercial Energy Efficiency Rebate Program

The Colorado Springs Utilities (CSU) Business Energy and Water Efficiency Rebate Program offers a variety of incentives to business customers for energy and water efficiency measures. Full efficiency and equipment guidelines are on the program website. Some rebates vary by the size, capacity or efficiency of purchased equipment. To receive a rebate, complete the application form with all necessary information.  Contact CSU or visit the program web site listed above for other information.

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Fannie Mae Green Financing – Loan Program

NOTE: Only multifamily properties are eligible for the program. Single family homeowners are not eligible for this program. 

The Fannie Mae Green Financing Business provides mortgage financing to apartment buildings and cooperatives (with 5 or more units) to finance energy and water efficiency property improvements. Its green financing programs include Green Rewards, and preferential pricing for loans secured by a property with an eligible Green Building Certification. All Fannie Mae green loans are securitized as Green Mortgage Backed Securities (Green MBS). To learn more about these programs, multifamily property owners should coordinate with a Fannie Mae DUS Lender:  https://multifamily.fanniemae.com/about-multifamily/our-partners/dus-lenders

Green Rewards

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