Are you a small business owner? Is your company located in Charlottesville or one of the surrounding counties? If so, your company is most likely eligible for the REAP grant, put out by the USDA’s Department of Rural Development. As long as your small business is located in an area outside of a city containing 50,000+ residents, your business is eligible to apply for this grant (i.e. businesses located in Charlottesville and surrounding counties are all eligible).
How much does the REAP grant pay for?
The REAP grant will cover 25% of your total project costs for a renewable energy system, before taxes, in cash. This means you get 25% of the project costs upon completion of the system, and then get to claim all the tax incentives as well. Systems that are able to secure the REAP grant typically have a very strong return-on-investment.
What are the eligible costs?
The REAP grant will cover 25% of all project costs, including site work, pre-planning, installation & commissioning. The minimum award size is $2,500, and the maximum is $500,000.
How do I apply for it?
Entero Energy has written multiple REAP grants that have been successfully funded. If you would like to apply for this grant, Entero Energy will write your grant for free. Contact us today if you would like to learn more about the REAP program, and see if it makes sense for your business.
Most people would like to use their solar energy systems ALL the time, not just when the grid is up. With SMA’s new line of inverters, you can have electricity in your home, even if the grid is down, and without the expensive use of batteries. This means you can have a electricity when the grid is down, as long as the sun is shining!
Entero just finished another install using SMA’s new inverters, and was able to power up these basement receptacles without being connected to the grid, and without a battery bank.
We like these inverters because they offer the best warranty in the industry, and add the value of a backup source of electricity in a typical power-out situation. For most homes, these inverters don’t cost any more than one we would typically install, and it adds security and value to the home.
Virginia solar has had a long and hard history, but with solar panel prices falling, install prices dropping, and SREC prices increasing, things are looking up!
This year has been a strong one for solar, with the Pennsylvania SREC finally reaching above the $20 range. With a high point of $70, and an average market value of around $55, the SREC value for Virginia solar-system owners translates to roughly an additional $0.05/ kWh in energy value.
Previously, the only way to get a production incentive was to be signed up on the Dominion Power “Solar Purchase Program”, which locks users in for a five-year term, at 15 cents / kWh. With the SREC price on the move, Virginia system owners may have more options, and more incentives than they ever have before.
For a current quote, or more information about available incentives, please contact us today.