Tennessee has several incentives to encourage the installation and production of solar power systems. Additionally, there are numerous federal government incentives available as well.
Summary of Tennessee Incentive Programs
•Federal Tax Credit 30%
•State Grant 40% Commercial
•Manufacturer 99.5% Tax Credit
Tennessee Grants
Tennessee has an available grant program available in the amount of 40% for commercial and industrial installations of solar power systems.
Tennessee Tax Credit
The state offers a tax credit of 99.5% of the company’s sales and use tax. They must make at least a $100 million investment and create 50 full-time jobs at or above 150% rate of Tennessee’s average occupational wage.
Customers with solar equipment are eligible for TVA’s $1000 production incentive, plus $.12 per kWh.
Additional information, and more programs available through the federal government can be found by visiting the DSIRE:Database of State Incentives for Renewables & Efficiency
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