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Renewable Energy Incentives for Farms
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Flashcards
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Property Assessed Clean Energy (PACE) Financing
Provides upfront financing for renewable energy projects, which is then repaid over time through property tax assessments.
Net Metering Policies
Allows farms to receive credit for excess energy they generate and return to the grid, reducing electric bills.
USDA Organic Cost Share Program
Helps organic farmers, including renewable energy practices, with certification costs.
Rural Energy for America Program (REAP)
Provides financial assistance in the form of grants and loan guarantees to agricultural producers for renewable energy systems.
Environmental Quality Incentives Program (EQIP)
Offers financial and technical help to install or implement structural and management conservation practices on agricultural land.
Biomass Crop Assistance Program (BCAP)
Provides payments to farmers who establish and produce eligible biomass crops for heat, power, biobased products, and biofuels.
Investment Tax Credit (ITC)
Offers a tax credit for solar energy, wind energy, and geothermal installations.
Agricultural Environmental Management (AEM) Tier System
Provides cost-share funding for implementing environmental plans, which can include renewable energy projects.
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