wind power

Incentives

Federal Tax Credit

  • Amount: 30% of system cost, including all equipment, materials and installation costs
  • Maximum Incentive: There is no maximum credit for systems placed in service after 2008.
  • Qualifying Installations: Both grid-tied and off-grid solar and wind systems apply. The home served by the system does not have to be the taxpayer’s principal residence.
  • Carryover Provisions: Any excess credit not claimed in the year of installation may be carried forward until 2016.
  • Expiration Date: December 31, 2016
  • Form: IRS 5695

Montana Incentives

Montana State Tax Credit

  • Amount: 30% of system cost, including all equipment, materials and installation costs
  • Maximum Incentive: $500 for individual taxpayers, married taxpayers filing jointly can claim a tax credit up to $1,000 per household.
  • Qualifying Installations: Both grid-tied and off-grid solar and wind systems apply. The system must be installed on the taxpayer’s principal dwelling.
  • Carryover Provisions: Any excess credit not claimed in the year of installation may be carried forward for 4 succeeding tax years.
  • Expiration Date: There is currently no set expiration date.
  • Form: ENRG-B

Montana Department of environmental quality
Low Interest Loan

The Alternative Energy Revolving Loan Program (AERLP) provides loans to individuals, small businesses, local government agencies, units of the university system, and nonprofit organizations to install alternative energy systems that generate energy for their own use. The program is administered by the Department of Environmental Quality. Photovoltaics, wind, fuel cells, geothermal, and micro hydropower (under 1 megawatt) qualify.

Interest rates are set annually and are fixed for the term of the loan. The rate for 2010 is 4.0%. The maximum loan amount is $60,000 (subject to available funds), with a maximum loan term of 15 years.

DEQ will accept and process loan applications throughout the year. Approved projects will be ranked according to criteria such as system reliability, return on investment and avoided fossil fuel consumption. Once a loan is approved, the applicant will be informed as to whether funds are currently available and when new funds are anticipated if funds are not currently available.

To download loan application, click here

NorthWestern Energy Grants

NorthWestern Energy established the User System Benefits (USB) Program in 1997 to provide funding to its customers for renewable energy projects. Incentives of $3.00/watt are offered for grid-tied solar PV installations up to a maximum of $6,000 per customer; the incentive for wind is $2/watt to a maximum of $10,000 per customer. Off-grid installations inside NWE’s service territory are not eligible for USB funds.

Sunelco, Inc. is a qualified administrator of NorthWestern Energy’s USB grants. We have a NABCEP Certified PV Installer on staff and retain a certified journeyman electrician, who is also a NABCEP Certified PV Installer as part of our installation crew. Sunelco, Inc. is awarded several grants each year and distributes them to eligible customers and qualifying community projects. The USB funds are to be used for assistance in the purchase and installation of a grid-tied renewable energy system. For more information, contact us.

disclaimer:

*The information on the website is intended for reference only. Please consult a certified tax accountant for information specific to your circumstances.

state incentives

Incentives by State

Database of State Incentives
for Renewable Energy.

For additional funding sources and to see what is available in your state, please visit: