Tag Archives: business equipment depreciation

Solar Solutions: Iowa hog farmer cuts power bill by double digits

Fort Dodge Messenger
Editor: Darcy Dougherty-Maulsby

The drop in [Dwight] Dial’s power bill has been dramatic since his solar equipment started powering his home and farm in mid-July. While his May-June 2018 electrical bill was $762 and the June-July bill was $580, the bill dropped to $263 after the solar system had run for 17 days in mid- to late-July. His August-September bill plunged to $77.

While the cost of Dial’s solar project totaled $85,000, he paid only a fraction of this, thanks to current tax incentives, grants and other resources. He received a 30 percent federal tax credit, along with a 15 percent state tax credit, for installing his solar energy system. He also worked with a local grant writer to apply for a federal grant, which he received. “That helped pick up another 13 percent of the system’s total cost,” Dial said. “With all the incentives, it was like paying $27 for something that normally costs $100.” Read more here.

Photo: Family Farm in Minden
Project: 21-kilowatt solar system in Minden, Nebraska installed by GC Resolve. This array provides most of the farm’s energy needs. The project was partly funded by a USDA Rural Energy for America (REAP) grant, which covered 25% of its cost. Additional financing was obtained through the Nebraska Energy Office’s low-interest loan program for solar installations.
Installer: Graham Christensen, GC Resolve
See Solar Examples to view more solar-powered Nebraska farms.

Ways Nebraska Food Producers, Rural & Urban, Can Significantly Cut the
Costs of Solar & Small Wind Projects

FEDERAL INCENTIVES

Federal Investment Tax Credit for solar systems and small wind turbines: 30% through 2018 and 2019. Small wind: 100 kilowatts or less. Source: Database of State Incentives for Renewables & Efficiency (DSIRE)

Rural Energy for America Program (REAP) Grants
NOTE: Qualified applicants include urban as well as rural food producers.
REAP grants provide up to 25% of the total project costs, and a grant and loan combination up to 75%. Eligible projects include renewable energy systems and the purchase, installation and construction of energy efficiency improvements.

See Also

LINCOLN ELECTRIC SYSTEM’S SOLAR INCENTIVE
LES offers customers a one-time capacity payment of up to $1,000 per kilowatt of peak demand reduced. The total amount customers can receive is determined by the primary direction the system is facing, for example:

  • Southern facing fixed-photovoltaic solar – the unit’s nameplate DC capacity (kW) x $375.
  • Western facing or single or dual axis tracking fixed-photovoltaic solar – the unit’s nameplate DC capacity (kW) x $475.
    Source: Customer-owned Renewable Generation

ADDITIONAL RESOURCES

Business Equipment Depreciation Resources

USDA Seeks Applications for Renewable Energy, Energy Efficiency Loans and Grants

Assistant to the Secretary for Rural Development Anne Hazlett seeks applications for loan guarantees and grants for renewable energy systems and energy efficiency improvement projects.

The deadlines to apply for grants are Oct. 31, 2018, and April 1, 2019. Applications for loan guarantees are accepted year-round.

REAP helps agricultural producers and rural small businesses reduce energy costs and consumption by purchasing and installing renewable energy systems and making energy efficiency improvements in their operations. Read the entire release here.

Who may apply?
Small businesses in eligible rural areas and agricultural producers, both rural and non-rural, who have at least 50% of their gross income coming from agricultural operations, may apply.

REAP grants provide up to 25% of the total project costs, and a grant and loan combination up to 75%. Eligible projects include renewable energy systems and the purchase, installation and construction of energy efficiency improvements.

See REAP Fact Sheet for a complete list of eligible projects.
Nebraska REAP Program

Contact: Jeff Carpenter, Nebraska Rural Development Energy Coordinator
Telephone: 402-437-5554
Email: 
Jeff.Carpenter@ne.usda.gov

ADDITIONAL INCENTIVES

Federal Investment Tax Credit for solar systems and small wind turbines: 30% through 2018 and 2019. Small wind: 100 kilowatts or less. Source: Database of State Incentives for Renewables & Efficiency (DSIRE)

ADDITIONAL RESOURCES

Business Equipment Depreciation Resources

SMALL & COMMUNITY WIND INFORMATION
American Wind Energy Association / Distributed Wind Energy Association

What is Distributed Wind Energy?
Distributed wind energy systems offer reliable electricity generation in a wide variety of global settings, including households, schools, farms and ranches, businesses, towns, communities and remote locations. Projects range for example from a 1-kilowatt (kW) or smaller off-grid wind turbine at a remote cabin or cell phone tower – to a 10-kW wind turbine at a home, small business, or small agricultural load – to several multi-megawatt (MW) wind turbines at a university campus, manufacturing facility or any large energy user.

What is Small Wind Energy?
Small wind is defined as wind turbines with a capacity rating of less than or equal to 100 kW. Turbines in this category range in size from smaller than 1 kW for off-grid applications to 100-kW turbines that can provide village power. Fifty-four small turbine models are offered commercially in the United States for applications including homes, schools, commercial and industrial facilities, telecommunications, farms and ranches, and communities.

DWEA (Distributed Wind Energy Association

DEPARTMENT OF ENERGY RESOURCES

  • Small Wind Guidebook, WINDExchange, Department of Energy
  • Distributed Wind Case Studies
    The Distributed Wind Installers’ Collaborative, which is funded by the U.S. Department of Energy, has produced a series of case studies showcasing the many facets and opportunities within the distributed wind industry. The first published case studies feature projects located on a dairy farm, at a net zero home, a recycling facility and a rural cooperative.

NEWS RELEASE: AWEA hires Jennifer Jenkins to launch national distributed wind program

American Wind Energy Association 


WASHINGTON — The American Wind Energy Association (AWEA) has hired Jennifer Jenkins to lead efforts expanding the U.S. market for distributed wind power. Jenkins is the former founding Executive Director of the Distributed Wind Energy Association (DWEA) and comes to AWEA with over ten years’ experience in the industry.

AWEA, already the national trade association for utility-scale wind power, now adds distributed wind to its portfolio. In contrast with utility-scale wind farms, which are connected to transmission lines and have an average capacity of roughly 200 megawatts (MW), distributed wind systems are generally connected behind the meter or to a local distribution grid and can range in size from a one kilowatt (kW) or smaller off-grid wind turbine at a remote cabin, to a ten kW turbine at a home or farm, to several multi-megawatt wind turbines at a university campus, manufacturing facility, or small community. Read the entire news release here.

Small & Community Wind: AWEA Resources

What is small wind? 
Small wind turbines are electric generators that use the energy of the wind to produce clean, emissions-free power for individual homes, farms, and small businesses. With this simple and increasingly popular technology, individuals can generate their own power and cut their energy bills while helping to protect the environment.

Unlike utility-scale turbines, small turbines can be suitable for use on properties as small as one acre of land in most areas of the country.

Small wind is defined as wind turbines with a capacity rating of less than or equal to 100 kW. Turbines in this category range in size from smaller than 1 kW for off-grid applications to 100-kW turbines that can provide village power. Fifty-four small turbine models are offered commercially in the United States for applications including homes, schools, commercial and industrial facilities, telecommunications, farms and ranches, and communities.

AWEA’s partner organization, DWEA (Distributed Wind Energy Association), is the leading expert on small and community wind power. Please visit the website to learn more about these types of wind energy applications.

ADDITIONAL RESOURCES

ADDITIONAL RECOMMENDED READING

DWEA Lauds New ITC Legislation Supporting Distributed Wind Power
Industry Now Well Positioned for Rapid Growth

“Placing small wind on parity to solar for the Investment Tax Credit allows corporations as well as small businesses and farms in the heartland of our country to realize the monetary value of their natural renewable resources,” stated Ciel Caldwell, President and Chief Operating Officer of Northern Power Systems

“This type of support for distributed wind power grows America’s small businesses and supports the growth of U.S. manufacturing jobs. It also builds economic opportunity and energy self-sufficiency in rural towns from Maine to California,” noted Jennifer Jenkins.
Read more here.

DWEA projects 30 gigawatts of distributed wind capacity by 2030 and
tens of thousands of new jobs with the right policies in place.
Click image, above, to link to DWEA’s white paper, DWEA Distributed Wind Vision 2015-2030. 

INCENTIVES, FINANCING & BUSINESS EQUIPMENT DEPRECIATION RESOURCES

Database of State Incentives for Renewables & Efficiency (DSIRE)

Rural Energy for America Program (REAP) Grants & Loans

Small businesses in eligible rural areas and agricultural producers, both rural and non-rural, who have at least 50% of their gross income coming from agricultural operations, may apply.

Check eligible business addresses.

REAP grants provide up to 25% of the total project costs, and a grant and loan combination up to 75%. Eligible projects include renewable energy systems and the purchase, installation and construction of energy efficiency improvements. See REAP Fact Sheet for a complete list of eligible projects.
Nebraska REAP Program
Jeff Carpenter
Nebraska Rural Development Energy Coordinator
Telephone: 402-437-5554 
Email: Jeff.Carpenter@ne.usda.gov

Business Equipment Depreciation Resources

Loans
Nebraska Energy Office’s Dollar and Energy Saving Loans

Rural Energy for America Program (REAP) Loans. See information, above.