Sun Collectors offer affordable and accessible solutions, making them one of the best companies for agricultural solar in Woodford County IL. Set up a free consultation with your trusted local source for solar panels by calling 309-316-3540.
Our company specializes in solar for farms like yours as well as residential and commercial properties. In fact, we have installed more than 1,800 systems that have saved our customers more than $110 million on energy bills. Plus, we make installing solar panels more accessible by offering great financing. You can take advantage of our $0 money down financing when you install a new system. If you act quickly, you can also take advantage of the federal tax credit that allows you to deduct 30% of the system cost on your income taxes. On average, our clients realize a 20% return on investment in the form of energy savings over the life of the solar system.
Contact us now to schedule a free consultation to discuss converting to renewable energy. Our conversation will not cost you anything but could save you big on energy costs!
When it comes to renewable energy conversion, many farm owners wonder whether they can afford agricultural solar in Woodford County IL. However, you can use available programs and the federal investment tax credit (ITC) to offset your costs. In addition to the ITC, you can use accelerated depreciation (MACRS) and USDA Rural Energy for America Program (REAP) grants to help pay for the solar system. Please continue reading to learn more about how MACRS and REAP can help you.
This allows farms like yours the ability to use tax deductions to recover investments in assets. This would apply for a conversion to agricultural solar in Woodford County IL. You can deduct 85 percent of the value of qualified solar equipment during a five-year period. To learn more about this accelerated depreciation program, you can review this article from the Solar Energy Industries Association. However, you should also review the matter with your accountant to determine how to best apply the tax benefits of going solar.
This USDA program offers financial assistance through loans and grants to help offset the costs of installing agricultural solar systems. REAP provides competitive grant funding and guaranteed loan financing to agricultural producers and rural small businesses for renewable energy systems or energy efficiency improvements. Agribusiness owners with at least 50 percent of gross income coming from on-site agricultural operations can apply for competitive grant funding and guaranteed loan financing through REAP. Competitive grants are available for up to 50 percent of total eligible project costs. Loan guarantees are available for up to 75 percent of total eligible project costs. Combined grant funding and loan guarantees are available for up to 75 percent of total eligible project costs. Sun Collectors representatives can help you with questions about REAP. Call us to discuss agricultural solar in Woodford County IL.
Sun Collectors wants to help you make the conversion to agricultural solar. We understand you have questions. Therefore, we invite you to give us a call at 309-316-3540 or contact us online to schedule a consultation. After all, our conversation is free and comes with no obligation to buy. So, let us help inform you about how renewable energy can save you 20% or more on utility bills.
