Tag Archives: ways to significantly cut the costs of solar & small wind projects

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