Arkansas Solar Financial Resources
Arkansas Solar Financial Resource Guide
26% Investment Tax Credit
RESIDENTIAL AND COMMERCIAL
Allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value.*
Please consult your tax adviser regarding income tax credit eligibility.
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Private Loans
RESIDENTIAL
A List of private solar loan providers that will service Arkansas
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Modified Accelerated Cost Recovery System
COMMERCIAL
Tax depreciation system used in the United States. MACRS is an acronym for Modified Accelerated Cost Recovery System. Under MACRS, fixed assets are assigned to a specific asset class.
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Rural Energy Program
COMMERCIAL
Provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements.
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Property Assessed Clean Energy
COMMERCIAL
PACE is a simple and effective way to finance energy efficiency, clean energy, and water conservation upgrades to buildings.
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Home Equity Line of Credit
RESIDENTIAL
Line of credit extended to a homeowner that uses the borrower’s home as collateral. Borrowers are pre-approved for a certain spending limit, based on household income and credit score, and may draw on this limit at their discretion. Interest is charged at a predetermined variable rate, which is usually based on prevailing prime rates.
For Arkansas, go to your bank and learn more.
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