Companies Use Federal Grants to Shorten Solar Payback Period
Monday, May 17th 2010 6:35 PM
By GetSolar Staff.
Solar-energy projects are made more viable by the provision of federal stimulus grants, as a business partnership in the Northeast illustrates.
New York-based MSGI - an engineering infrastructure provider - and C Solar, a Connecticut-based solar installer, are collaborating to build five solar farms in New York, Connecticut and Massachusetts. They are targeting academic campuses with their solar projects - and are hoping to act soon to take advantage of temporary federal grants.
"We have been working on the development and implementation of multiple solar facilities before the federal stimulus grants expire," MSGI CEO Jeremy Barbera said.
Specifically, MSGI and C Solar are applying for solar-farm development grants, available through the American Recovery and Reinvestment Act of 2009. The grants, the companies say, can help solar facilities break even more quickly.
While it's unlikely that a homeowner in New York, Massachusetts of Connecticut will apply for a solar-farm grant, property owners should look into available state and federal incentives. The IRS, for example, provides a 30 percent tax credit for clean-energy systems; states have their own incentive programs, as well.
Few places seem a more appropriate setting for solar installations than the beach. The open ocean provides clear sight of the the sun without the shadows that can prove so frustrat ...
A Massachusetts company has embarked on developing innovative solar panels that challenge the dominance low-cost producers in China and abroad have in the market, the Boston Globe ...
SunRun, the largest solar home financing company in the nation, is partnering with Massachusetts solar installer Alteris Renewables to make it easier than ever to transition to sus ...
Massachusetts solar installers and nonprofits looking to benefit from renewable energy may want to take advantage of a new loan facility set up by Boston-based Wainwright Bank and ...
Subscribe
Solar-energy projects are made more viable by the provision of federal stimulus grants, as a business partnership in the Northeast illustrates.
