FINANCIAL RESOURCES TO HELP PAY FOR YOUR ENERGY EFFICIECY NEEDS

United States Department of Agriculture (USDA), Rural Energy for America Program (REAP)

 

USDA-REAP offers grants and guaranteed loans to help farmers, ranchers, and rural small businesses purchase renewable energy systems and make energy efficiency improvements. Eligible projects include improvements that reduce energy consumption. Grants range from $1,500 to $250,000, and cannot exceed 25% of total project costs. The maximum guaranteed loan is $25 million, which may not exceed 75% of total project costs. An energy audit is required for all projects. For more information, contact

Jesse Gandee, Jesse.Gandee@wv.usda.gov 

Hannah Vargason, hvargason@conservationfund.org

and visit http://www.rd.usda.gov/programs-services/rural-energy-america-program-renewable-energy-systems-energy-efficiency

 

First Energy Lighting for Business Incentive Program for West Virginia Business Customers

 

First Energy offers a monetary incentive for Mon Power and Potomac Edison business customers who have installed new or retrofitted lighting technologies that reduce electricity consumption. An incentive of 5 cents per kilowatt hour saved is available for qualifying West Virginia businesses through the Lighting for Business Incentive Program. An application package must be completed in order to participate in this program. For more information, visit

http://www.energysavewv-business.com/ and

http://programs.dsireusa.org/system/program/detail/5116

 

Appalachian Power Company (APCo) Energy Saving Programs for West Virginia Business Customers

 

This program helps business customers in the APCo service area generate energy savings through high efficiency lighting, HVAC, and motors. Projects must involve new facility improvements resulting in permanent reductions in electrical usage. Incentives vary depending on the type of efficiency improvement, with the maximum total rebate at $150,000 per year. Check your electric bill to see if you are an ApCo customer. For more information, call (888) 446-7719, or visit 

http://takechargewv.com/Resources/Docs/APCO%20CI%20Custom%20Fact%20Sheet_031015.pdf

Federal financial incentive: Energy-Efficient Commercial Buildings Tax Deduction

 

This federal tax deduction applies to qualifying systems and buildings placed in service through December 31, 2013. A deduction of $1.80 per square foot is available to owners (and possibly tenants) of new or existing buildings who install (1) interior lighting; (2) building envelope; or (3) heating, cooling, ventilation, or hot water systems that reduce the building’s total energy and power cost by 50% or more. Deductions of $0.60 per square foot are available to owners (and possibly tenants) of buildings in which individual lighting, building envelope, or heating and cooling systems meet target levels that would reasonably contribute to an overall building savings of 50% if additional systems were installed. Learn more by visiting http://energy.gov/savings/energy-efficient-commercial-buildings-tax-deduction and http://programs.dsireusa.org/system/program/detail/1271 clicking on.