Energy Credits
Take advantage of available energy credits and government programs with Smartland Energy. We guide clients through financial incentives, tax breaks, and grants to make renewable and sustainable energy solutions more accessible and cost-effective.
Federal Incentives
- Investment Tax Credit (ITC): Deduct 30% of solar energy system installation costs from federal taxes through 2032. The credit will decrease to 26% in 2033 and 22% in 2034.
- Production Tax Credit (PTC): Offers a per-kilowatt-hour tax credit for electricity generated by eligible renewable energy projects, such as wind and solar.
- Residential Clean Energy Credit: Homeowners can claim a 30% tax credit for the installation of clean energy systems through 2032, with step-downs in subsequent years.
- 179D Energy Efficient Commercial Buildings Deduction: Provides tax deductions of up to $5.00 per square foot for energy-efficient improvements in commercial buildings. Learn more about the 179D Deduction
- Section 45L Energy Efficient Home Credit: Offers a $5,000 per dwelling unit tax credit for energy-efficient residential projects. Learn more about the 45L Tax Credit
State Incentives in Florida
- PACE Financing: Enables property owners to finance energy efficiency and renewable energy projects through their property tax bill.
- Solar and Energy Loan Fund (SELF): Offers low-interest loans for energy efficiency and renewable energy projects.
- Net Metering: Provides credit for excess power fed back into the grid by residential and commercial customers generating their own electricity.
- 179D Deduction and 45L Tax Credit: Eligible Florida projects can leverage these federal incentives to maximize cost savings on energy-efficient construction.
State Incentives in Ohio
- Solar Renewable Energy Credits (SRECs): Ohio mandates that 8.5% of the state’s electricity be generated from renewable sources by 2026. Utility companies purchase SRECs from customers’ solar panels.
- Net Metering: Allows residential and commercial customers who generate their own electricity to receive credits for excess power fed back into the grid.
- Energy Conservation for Ohioans (ECO-Link) Program:Provides reduced-interest rate loans for energy efficiency and renewable energy improvements.
- PACE Financing: Offers up to 100% financing for energy efficiency improvements, repaid through property tax assessments. Explore PACE Financing in Ohio
- 179D Deduction and 45L Tax Credit: Ohio projects can use these federal incentives for significant energy savings.
State Incentives in Minnesota
- Solar*Rewards Program: Xcel Energy’s Solar*Rewards Program provides performance-based incentives to residential and commercial customers.
- PACE Financing: Minnesota’s PACE program allows property owners to finance energy efficiency and renewable energy projects through property assessments.
- Net Metering:Enables customers generating their own electricity to receive credits for surplus energy fed back into the grid.
- Solar for Schools Program: Provides grants to public schools for installing solar energy systems.
- 179D Deduction and 45L Tax Credit: Minnesota developers and property owners can take advantage of these incentives for energy-efficient projects.
