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Update On Cash Grants For PV Systems In 2011

Written by Heidi Schwartz. Posted in Construction & Renovation, Economic Development, Energy, Expansions & Renovations, Exteriors, FacilityBlog, Topics

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Published on December 13, 2010 with 1 Comment

Commercial businesses can still apply for the 30% cash grant next year for renewable energy. The Recovery Act allows taxpayers to receive cash assistance from the Treasury Department in lieu of tax credits.

According to the guidance from the Treasury department, commercial businesses can still apply for the 30% cash grant next year if they incur 5% of the cost of a renewable energy (solar) plant in 2010. This means if a purchase order is signed and a deposit paid by the end of this year, a solar PV system is eligible for the 30% cash grant.

What can be done to reduce the short and long term costs of commercial energy? Until the end of 2010, qualified businesses can participate in the American Recovery & Reinvestment Act of 2009 (ARRA) which provides a cash rebate of 30% of the cost of a solar-produced (renewable) energy system. The rebate generally comes within 60 days following completion of the system installation.

Benefits of solar produced energy include:

  • Significantly reducing overall energy cost;
  • Converting power costs from variable to fixed;
  • Creating a highly reliable and low maintenance power system; and
  • Becoming a truly green and sustainable business.

A PV solar energy system can take advantage of the ARRA Program before it expires on December 31, 2010.

About Heidi Schwartz

Heidi Schwartz

Schwartz joined Group C Media in April 1989 as managing editor of Today's Facility Manager (TFM) magazine (formerly Business Interiors) where she was subsequently promoted to editor/co-publisher of the monthly trade magazine for facility management professionals. In September 2012, she took over the newly created position of internet director for TFM's parent company, Group C Media, where she is charged with developing content and creating online strategies for TFM and its sister publication, Business Facilities. Schwartz can be reached at

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  1. Keep an eye out for the votes this week. I am pretty sure the Senate votes Wednesday and the House on Thursday; the President would sign shortly thereafter if both pass the tax extenders bill agreed upon yesterday. Its passing would ensure that facility managers installing solar energy would be eligible for the grant form of the 1603 energy tax credit.

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