There are many solar grants for green small business startups. Many entities and organizations offer several types of business grants with varying eligibility requirements. Generally, only certain business types are eligible for grants, such as those owned/operated by various minority business owners, single mothers, or veterans. As the CFO of a small business, green innovations often provide a great method of securing ecologically friendly funding, such as solar grants. Read on to discover five solar grants for green small business startups.
2009 American Recovery And Reinvestment Act
The American Recovery and Reinvestment Act of 2009 is a major federal grant for new constructions in the commercial, industrial, or agricultural sectors. Buildings using active solar energy for electricity or heat are eligible to receive up to thirty percent of their property’s value as a grant. Since this calculation is based upon the value of your property, this is often a significant amount of capital. Any taxpayers eligible for the Federal Business Investment Tax Credit or Renewable Energy Production Tax Credit can apply for this grant. Additionally, properties must have been approved fro service after 2009 or 2010, or their construction must have begun prior to December 31st, 2010. Surely, the 2009 American Recovery and Reinvestment Act provides a significant amount of capital as a reward for green energy usage.
Department Of Energy Grants
The US Department of Energy sponsors many grants through their Loan Program Office (LPO). The LPO has more than $40 billion in loans and guarantees to help fund large-scale energy projects. Simply reach out to a representative of this office to discuss requirements and grant writing processes. Additionally, the Department of Energy sponsors several other offices including the Office of Science, Office of Nuclear Energy, Office of Fossil Energy, and more. Many of these offices provide grants more specifically tailored to the specific needs of green businesses. Absolutely, various Department of Energy grants provide significant capital to several green businesses.
USDA Rural Energy For America Program
The USDA Rural Energy for America Program (REAP) is a federal grant program sponsored by the Department of Agriculture. It provides grants for developing renewable energy, such as solar power, in rural areas of the US. Several sectors, such as individuals, commercial entities, schools, local governments, co-ops, and institutions are eligible to receive grant money. A maximum of twenty-five percent of a project’s total cost is granted to applicable entities. Certainly, the USDA REAP provides large capital investments to various entities developing solar energy infrastuctures.
Energy, Power, Control, And Networks Program
The Energy, Power, Control, and Networks Program offered by the National Science Foundation supports research in emerging energy systems. Often, solar energy production and storage devices receive grants from this program related to their integration with local power grids. To maximize your chances of receiving this grant, ensure the proper integration of your solar energy with the power grid for a more energy efficient office. Additionally, protect the grid by monitoring it, and make sure your building is as energy efficient as possible. Definitely, the EPCN Program grants capital to many businesses as they relate to power grid interactions.
Office Of Energy Efficiency And Renewable Energy
The Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) sponsors research and development of renewable energy technologies including solar. Often, this office works with stakeholders to develop programs and processes that streamline the implementation of various clean energy sources. This way, it makes energy more affordable and significantly increases the security and reliability of the US power grid. Small businesses, national laboratories, universities, and various levels of government are partnered with the EERE office for activities. Of course, the EERE office provides grants to many small businesses supporting renewable solar energy.
There is a myriad of solar grants for green small business startups. One grant, the 2009 American Recovery and Reinvestment Act, provides a significant capital investment for businesses actively using solar energy. Various grants from the Department of Energy offer several avenues of securing funding via solar energy, providing flexibility. The USDA’s REAP program incentivizes small businesses in rural areas to use solar energy, and rewards them with grant money. Grants provided by the EPCN program incentivize businesses to use solar and other renewables to maintain the power grid. Finally, the EERE office offers many grants related to enhancing the power grid. When searching for solar grants for green small business startups, consider the grants described above.