THE TIME TO INVEST IN ALTERNATIVE ENERGY IS NOW
Federal Grant Program Offering 30% Of Project Cost Set To Expire on December 31st, 2010
Federal Grant Program Offering 30% Of Project Cost Set To Expire on December 31st, 2010
BREWERTON, NY . - The message is clear - if you have been considering adding a wind, solar heating, or a photovoltaic solar system for your home or small business, you need to act today.
“The typical person who is considering alternative power often looks to find the best grant programs or tax credits that can help them save money on the project installation.” says Owen Pugh, owner of Alternative Power Solutions of NY, LLC. “If you have been debating whether or not to start a solar project you need to act now because the 30 percent
federal grant window is only available until December 31st.” he continued.
As part of the Treasury grant program that began in February 2009, The American Recovery and Reinvestment Act, residential or commercial customers who start a solar project before the end of 2010 will receive a rebate check within 60 days of the project’s completion.
According to the US Department of the Treasury website, to qualify for the grant, either a large enough part of the
construction of the solar installation must be completed or 5 percent of the cost must be incurred. According to Pugh, the paperwork can be filed and the project can be put into motion prior to December 31st with the actual ground breaking happening in 2011.
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