Grid-tied systems: Financial incentives – potential half coverage of total array cost, Federal ITC incentives currently cover 30% of the system cost in tax credit.
Grants:
- Renewable Energy Grants
- USDA REAP Grants
- MI REAP – Est. $1.2 million
- Eligible applicants
- 50% or more gross income from agricultural production
- Agricultural producer
- For-profit for Small Business Administration (SBA)
- Less than – equal to 50,000
- For-profit for Small Business Administration (SBA)
- Rural small business
- Eligible applicants
- REAP Grant Assistance
- Up to 25% of Eligible Project Costs
- REAP Guaranteed Loan Assistance
- Up to 75% of Eligible Project Costs
- State Grants
- Local Utility Grants
Other
PACE – The Energy Alliance Group of Michigan
- 100% Financing requiring no up-front capital
Solar Renewable Energy Credits (S-REC’s)
Special Utility Programs
Tax Credits: Residential Renewable Energy Tax Credit, Business Energy Investment Tax Credit (ITC)
EFA (Equipment Financing Agreement)
- Available financing from $2,000 – $300,000
- Interest rates low as 5.99%
- 2-5 year terms
- Eligible measures
- Lighting, HVAC, Refrigeration, Renewable Energy, Insulation, Windows, Doors
Net-metering
MSU Anemometer Loan Program
FDA – Food and Drug Administration)
- Food Labeling
USDA – (United States Department of Agriculture)
- Meat, Poultry, eggs, dairy, cat fish
NOP – National Organic Program
UNFAO – (Food and Agriculture Organization of the United Nations)
FAO – (Food and Agriculture Organization)
OEFFA – (Ohio Ecological Food and Farm Association)
EQIP – (Environmental Quality Incentives Program)
AgEMP – (Agricultural Energy Management Plan)
- On-farm energy audit
- Financial assistance available
- Must be completed by NRCS-certified Technical Service Provider (TSP)
AFO – (Animal Feeding Operation)
CAFO – (Concentrated Animal Feeding Operation)
- An AFO point source of pollutants
- Large – at least
- 700 dairy cattle
- 1,000 beef cattle
- 2,500 pigs – over 55 pounds
- 10,000 if they are not
- 30,00 broilers with liquid manure handling system
- 125,00 if none
- Medium
- 200 dairy cattle
- 300 beef cattle
- 750 pigs – over 55 pounds
- 3,000 if they are not
- 9,000 broilers with liquid manure handling system
- 37,500 if none
- Large – at least