Government Subsidies – Finance
The Federal government has set an ambitious goal of ‘20% wind power by 2030,’ and generous subsidies targeted at every segment of American society have been set in place.
State subsidies for wind power are equally generous and can often be combined with Federal programs resulting, in some instances, in government funding equivalent to 80% of a wind power system’s total cost.
From families and farmers, to schools and non-profits, onto business owners and communities, there are government funding opportunities and tax incentives specifically dedicated to provide a basis that makes wind power generation a viable, economic and profitable choice for all of America.
We have a deep expertise in determining exactly what Federal and State funding assistance and subsidies your organization (family, company, township, school system, etc…) may be eligible for, and guiding your group through the process of securing your entitlements.
All the same, we recommend that you take the time to explore the website of the‘Database of State Incentives for Renewables and Efficiency.’ This linkwww.dsireusa.org brings you to the most up to date and comprehensive listing of subsidies and tax incentives for the Federal government and all 50 states. It is the ‘online bible’ of government support of renewable energy.
Subsidies range from Direct Federal Grants, ITC’s (Investment Tax Credits) and PTC’s (Production Tax Credits) to a myriad of State Grants, Rebates and Tax Creditsavailable to all tax-payers, ranging from your family to Fortune 500 corporations.
This newly enhanced array of Federal and State subsidies and incentives has opened up the wind industry’s lucrative ‘tax equity opportunity’ to smaller investors for the first time. These subsidies provide investors with the ability to recoup their initial investment within 60 days of start up, depreciate 85% of total project costs in 5 years, while realizing decades of profitability; truly the opportunity to create the legacy of intergenerational wealth, with an increasing annuity that spans the decades.
Federally backed CREB and QECB bonds and USDA Renewable Energy Grants and Guaranteed Loans, along with many other types of incentives, ensure that municipalities, farmers and agricultural businesses, rural businesses, non-profits, school systems, universities all have the opportunity to access the national and state entitlement and subsidy programs, making wind power a viable and economically profitable choice for every American individual and group with an electric bill and access to a windy ridge, even if that ridge is 50 miles away from their township, school district, etc…
We have the network and expertise to secure leaseholds on land possessing commercial grade wind resources for your investor group, will arrange for buyers to purchase your electricity and REC (renewable energy credits; yes, these are a wind power product and can be sold as easily as electricity) production. We can also introduce your group to organizations that are looking for strategic investment partners for project partnering. Often, these investors provide the land with the wind resource and purchase the wind farm’s electricity output.
Mass Megawatts can arrange for ‘low cost, long term’ financing on any wind power installation, from residential to large investor wind farms, often being able to position the ownership group to have over 90%, or more, of the permanent financing coming from government subsidies and private bonding.