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Renewable Energy Incentives
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Net Metering
Primarily for solar energy, it allows users to get credit for excess power generated, effectively reducing their electricity bill.
Renewable Heat Incentives
For technologies like solar thermal, biomass boilers, and heat pumps, provides financial incentives for the generation of renewable heat, benefiting users by subsidizing the cost of operation.
Subsidies and Grants
For various types of renewable energy, these provide direct financial support to reduce the upfront cost, benefiting users by easing the financial burden of installation.
Government Rebates
For home and business renewable energy systems like solar panels, offers partial refunds after purchase, benefiting users by lowering the effective cost of installation.
Renewable Portfolio Standards (RPS)
For various renewables, mandates utilities to have a certain percentage of their electricity from renewable sources, benefitting users by increased renewable energy investment.
Feed-In Tariffs (FITs)
For wind, solar, and other renewables, ensures a fixed, above-market price for energy produced, benefiting users by providing long-term contracts and stable returns on investments.
Production Tax Credit (PTC)
For wind, geothermal, and closed-loop bioenergy, it provides a per-kilowatt-hour tax credit for electricity generated during the initial years of service.
Green Certificates/RECs
For all renewable energy sources, they act as proof that energy has been generated from renewable sources, benefiting users by adding value to their green offerings.
Property Assessed Clean Energy (PACE)
For energy efficiency and renewable energy installations, provides financing that is repaid through property tax bills, benefiting users by spreading out the cost.
Federal Investment Tax Credit (ITC)
For solar energy installations, it benefits users by reducing federal income taxes based on a percentage of the system cost.
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