Solar For Your Farm

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Solar for Your Farm

Have you ever considered converting to solar for your farm? Farms of all shapes and sizes are investing in their future by installing solar panels. Solar power is affordable, environmentally friendly, and can set your farm up for decades by reducing utility expenses.

If you operate a farm in the Carolinas,  you may be able to apply for a grant or a loan guarantee from the USDA. These incentives exist to help businesses like farms install renewable energy or make energy efficiency retrofits to reduce electricity and fuel costs.

This initiative was established to contribute to American energy independence and to help growers and animal agriculture businesses build wealth while stimulating economic activity in rural areas. Such investments can also reduce energy costs for commercial customers in rural areas over time.

Benefits of Going Solar for Your Farm 

Solar energy is a ‘natural’ fit for farms with so much open ground and roof space.

  • Improves cash flow by lowering the cost of operations.
  • Right now, the switch is supported by significant government incentives:
    • Federal 26% Investment Tax Credit (ITC) – turns tax liability into a capital investment.
    • Federal five-year MACRS depreciation
    • Competitive annual USDA REAP Grants (funding up to 25% of project cost).
    • Solar Renewable Energy Credit (SREC) cash payments available in Illinois.
  • Energy independence from solar for your farm by stabilizing the electricity rate.
  • An investment that helps keep the farm in the family for the next generation.

Your Farm will benefit from Agricultural Solar

Program details such as eligibility information can be found on the USDA Rural Development website. For example, a farm with at least 50% of gross income coming from agricultural operations, owing no delinquent outstanding federal tax balance, will likely qualify for funds. We’d like to connect you with assistance getting your grant application together – please expect processing to take a matter of 4-7 months before you hear back from the agency about whether you’ll be able to receive a grant. We encourage you to contact us by July 2018 to submit this year!

Renewable energy grants under this program are a minimum $2,500 and a maximum $250,000, representing up to 25% of total eligible project costs. Grants can be combined with loan guarantee funding up to 75% of total eligible project costs.

Refer to the USDA’s Rural Business Services page to determine your eligibility, and speak with an experienced energy professional by calling us at 704-525-6767

Frequently Asked Questions About Something:

How exactly does going solar and a solar system itself work?
Solar energy begins with sunlight that hits the panels to produce energy that flows into your inverter, which converts the DC energy into Alternating Current (AC) electricity that can be used to power your home. This same energy is then consumed when powering your home’s light, appliances, gizmos, and gadgets. If you feel your home isn’t producing the energy that it needs, the utility will fill in the gaps. If you system produces more energy than needed, that energy will go to the grid and your utility will credit you for the unused power.
How many solar panels do I need for my home?
At Renu Energy Solutions we design our solar panel systems size based on three main factors. Roof-size/available space: When we look at the size of your roof and the space available, we gather data that tell us the maximum number of solar panels your home or site can hold and we even consider shading. We use a software “Suneye” which takes a 360 picture of your roof and we use this photo to determine if your home is a good candidate for solar. Energy Usage: When we determine energy usage we look at your past electrical bills from over the course of a year to make sure your system isn’t too big or too small. Your Budget: We take your budget seriously and most importantly, we want you to be satisfied with our services. We take your feedback on how much you want to spend so that we can size your system appropriately.
What is solar net-metering?
Net-metering is a type of utility policy that controls how your system is connected to the grid and how you are credited for the solar energy you produce.
Does Duke Energy offer net-metering?
Yes! Both Duke Energy Carolinas and Duke Energy Progress territories in NC offer net-metering when your homes goes solar. If you are interested in net-metering, no worries. Our team will guide you through the process as certain utilities have a different application procedure.
Curious about the cost of a home solar system?
When our clients ask this question, we immediately tell Tham about the federal tax credit that comes with going solar. The Federal tax credit for going solar is 26% in 2020. For example, if the total cost of you system was $22,000, when you subtract 26% you are then left with a %16,280 solar system. There is not set price for a home going solar as there are many factors that contribute to the total cost. The price of a solar home can range from $10k to $100k based on the size of your roof, energy usage, aesthetic preferences, and of course, budget.

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