There is no doubt that any form of renewable energy is an exciting, rewarding and profitable business to get involved with. Not only is there huge profit potential in these energy markets, but it is often considered the morally responsible choice. Solar energy, in particular, is cheaper and cleaner than burning fossil fuels as a source of energy. Because of this, there are many government grants designed to help new solar energy businesses get started. New grants are becoming available all the time, which could provide instant funding for your solar energy business.
The Database of State Incentives for Renewables and Efficiency (DSIRE) serves as a leading resource for information on federal, state and local grants that promote the development of renewable resources and efficient energy alternatives.
DSIRE is sorted geographically. Go to their website (resource 1) and click on the state in which your business will be located. This method of searching allows you to instantly see all of the solar energy grants available in your area, regardless of whether the source of the grant is local or federal in origin. The list of available grants is constantly changing, so it is generally a good idea to revisit DSIRE frequently.
The U.S. Department of Energy routinely provides large grants to state governments to invest in renewable energy sources, including solar power. These grants are given by the department's office of Energy Efficiency and Renewable Energy (EERE).
States who receive the grants use the money to form various energy programs within their state, which often include providing incentives for new solar energy businesses. Because the grants are given directly to the state, an individual business owner cannot apply. However, following the progress of these grants gives you a good idea of when the ideal time to apply for a state grant will be.
There are many grants and loans available to start up businesses of any kind, whether solar or not. Because these grants are available to anyone who wants to start a business, they are perfectly suited to anyone interested in starting a solar energy business.
Each state typically has an Economic Development Council or Business Development Board that operates at the state level. These offices offer various grants to business owners in their states. The selection of grants varies greatly from one state to another, so it is important to look up the location that relates to where you will conduct business.