To help small and midsize business owners, the Department of Energy (DOE), the United States Department of Agriculture and other government agencies made several grant opportunities and tax incentives available for a variety of energy efficiency and electrification upgrades.
To help our business customers leverage these valuable opportunities, we assembled a list of key programs currently available.
Federal grant programs
- DOE Industrial Research and Assessment Center Implementation Grants provide up to $300,000 to small and midsize manufacturers to perform energy efficiency and electrification upgrades recommended by a qualified assessment center.
- The USDA Rural Energy for America Program offers grants up to $500,000 for energy efficiency projects and up to $1 million for renewable energy system projects.
Both grant opportunities are available with rolling quarterly deadlines.
Tax credits and incentives
- The IRS Commercial Clean Vehicle Credit program provides businesses and tax-exempt organizations that purchase either an electric or hydrogen fuel cell vehicle a tax credit up to $7,500 or $40,000, depending on the size of the vehicle.
- The IRS energy efficient commercial buildings deduction gives building owners a tax deduction for energy-efficient infrastructure or retrofit construction. The total maximum credit is either the total cost of upgrades or $1 per square foot, depending on total expected energy savings.
In addition to these select grants and tax credits, numerous federal funding opportunities are available. Visit grants.gov for more information on the latest grant opportunities. To help your business thrive even more, explore the programs we offer.