Tuesday, May 12, 2009

FlaSEREF Announces New SunCatcher Grant Program

The Florida Solar Energy Research and Education Foundation (FlaSEREF) is pleased to announce that its contract with the Governor’s Energy Office will now provide grants to their SunCatcher target market. This market includes hotels, restaurants and condominium associations. The grants break out as follows:
1. Solar Water Heating – $50/1,000 BTU – $15,000 cap
2. Solar Pool Heating – $2,500 Fixed – $2,500/installation
3. Photovoltaics – $60/1,000 Watt – $1,500 cap
The total available grant budget is $584,000 and is only available until the end of May 2010. Their goal is to encourage the installation of these technologies, particularly solar water heating, by reducing the cost of the system to Florida businesses. Their intent was to structure the grants in such a way that would effectively equalize the per kW buy-down between PV and solar water heating. Since the program is structured as a grant, the business will not be required to reduce the system cost when calculating the amount of the federal investment tax credit. For more information and program rules, please visit www.suncatcher-info.org or call 800-59-SOLAR.