Renewable Energy Credit (REC) payment and tax credits are available for producers of renewable energy.
For residential and small commercial members installing solar, wind or hydroelectric technology, LPEA offers a Renewable Generation REC payment per policy 359. A REC contract must be completed in order to receive these funds. The IRS requires that a W-9 form be completed and returned to LPEA.
The Energy Policy Act allows tax credits for solar water heating and photovoltaic systems. For more information go to www.energystar.gov.