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Financing Incentives for Renewable Energy Projects
In order to understand the economics of one renewable energy project, or of a policy/program to develop a cluster of renewable energy projects, understanding the existing incentives that apply to renewable energy installations could not be more critical. Any program manager, contractor, or system owner should be familiar with what incentives are available, who and what technologies are eligible, how the incentives work, and how they impact other elements of the project’s financial picture. Recognize that different incentives actually encourage different decisions in technology, ownership, and system size. The trick is to maximize the incentives, while keeping within other community goals for the project. In depth descriptions of incentives are broken down into the following sections:
In addition, you can learn about current incentive programs from the Database of State Incentives for Renewable Energy (DSIRE) at http://www.dsireusa.org.
Interaction of Federal, State, and Other Incentives
Project developers and potential owners should note that descriptions of available incentives are given in isolation, but when combining multiple incentives for maximum value, there may be trade-offs.
