Indian RECsInitial Investment into a solar farm can be expensive, especially Solar Farms of a larger size. Alot of investors and businesses are cautious of putting funds into investments that may not bring them a return or may take too long to provide a return. However, governments are providing tax credits that can help offset some of the costs.
Although there are low-interest loans and grants available, businesses and individuals can take better advantage of tax credits, which can help save more money. Tax incentives would help gear businesses and individuals towards using alternative energy resources, helping the environment in the long term
When investing into Solar Farm Equipment, one should be made aware that tax credits eventually do expire. Currently available until 2016 is the "Business Energy Investment Tax Credit", which provides 30% credit of expenditures. This particular tax credit is not only geared toward Solar Farms, but also towards solar energy systems, fuel cells, wind turbines and geothermal pumps.
Not only does investment into Solar Farms provide great tax incentives, they allow for profits and a better, cleaner environment.
In order to check which Tax Credits are available, you can visit the Federal Tax Credits for Consumer Energy Efficiency.