Funding for wind projects may be available through other offices in the U.S. Department of Energy or other federal agencies. Financial opportunities not related to the Wind Energy Technologies Office are listed below.

For more information about federal incentives for developing and investing in wind power, resources for funding wind power, and opportunities to partner with DOE and other federal agencies, see the U.S. Wind Industry Federal Incentives, Funding, and Partnership Opportunities fact sheet.

Tax Incentives

The federal government currently offers several tax incentives for wind projects. The Department of the Treasury's Internal Revenue Service (IRS) administers these incentives.

Businesses that begin construction on wind energy systems by December 31, 2024 are eligible for either the federal Business Energy Investment Tax Credit (ITC), tied to the total value of the facility, or the federal Renewable Electricity Production Tax Credit (PTC), tied to the energy produced over a ten-year period. Starting in 2025, these tax credits are replaced with emissions-based, technology-neutral tax credits available to all types of power facilities with zero or net-negative carbon emissions. It will begin phasing out either in 2032 or when total greenhouse gas emissions in the power sector decline to at least 75% below 2022 levels—whichever comes last.

Residential taxpayers who install small wind energy systems (turbines 100 kilowatts or smaller) by December 31, 2034 are eligible for the federal residential renewable energy ITC.

The specific value of wind tax credits is dependent on whether a system is considered large or small, when the system is built, and other factors. For more information, see the U.S. Wind Industry Federal Incentives, Funding, and Partnership Opportunities fact sheet.

Other Financial Opportunities from DOE

The EERE Funding Opportunities Web page provides links to useful resources about financing and incentives for energy efficiency and renewable energy projects for the home, business, industry, utilities, and government.

DOE awards funding to small businesses for renewable energy research and development (R&D) projects through its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Visit DOE's Small Business Innovation Research and Small Business Technology Transfer website to apply for grants.

DOE's Advanced Research Projects Agency-Energy (ARPA-E) sponsors R&D grants for earlier-stage, high-potential, high-impact energy technologies. Visit ARPA-E's website for more information on grant opportunities or to apply.

Under the Title XVII Innovative Energy Loan Guarantee Program, DOE's Loan Programs Office (LPO) finances large-scale renewable energy and efficient energy projects, including $1.69 billion in loan guarantees to four commercial-scale wind projects. With $4.5 billion in lending authority under its Renewable Energy and Efficient Energy Projects solicitation, LPO is ready to support innovative energy projects that are catalytic, replicable, and market ready. For more information, visit the LPO website.

In addition, DOE's Tribal Energy Program provides financial and technical assistance, education and training to tribes for the evaluation and development of renewable energy resources on tribal lands.

If you are interested in applying for funding, but your project does not fit within the scope of the posted solicitations, funding opportunities, or past opportunities, please submit your proposal to DOE's Unsolicited Proposal Office.

For additional information on other funding opportunities such as bonds and Rural Energy for America loans and grants, as well as opportunities to partner with national laboratories, see our fact sheet.