The tax credit is 35 percent of eligible project costs taken over five years. Since 1980, more than 3,500 tax credits for energy-efficiency and renewable resources have been awarded. Another 1,000 tax credits have gone for recycling projects which have recovered more than 15.5 million tons of waste for reuse or reprocessing. Low-interest loans are available for conservation and renewable energy projects for businesses, schools and governments. The rate is fixed for the term of the loan up to 12 years with funds currently available.
Loans can cover more than the incremental cost of energy-saving measures.
Borrowers pay back the full cost of the loans. In addition, more than 390 million kilowatt-hours of electricity has been generated through the loan program.