Commercial & Industrial Solar

Federal tax incentives and highly favorable accelerated depreciation result in a typical ROI between 2-4 years. Entities who install commercial and industrial solar receive the following benefits:

Federal “Investment Tax Credit” (ITC)

• Tax Credit of 30% of the value of the investment
• Can be taken in current year, applied to prior year, or taken forward up to 5 years
• Can be passed up ownership chain and applied to any passive income

Accelerated Depreciation

• Allows for depreciation using MACRS schedule (i.e. fully depreciate first year)
• Reduces annual tax burden on the property

Local Incentives

• A highly favorable net metering system which can allow you to create power that you can use at a later date – a credit that never expires

REAP Grant

• Up to 25% of project total awarded to selected applicants for companies in qualifying rural areas

By combining these incentives, overall out of pocket costs can be reduced by approximately 60-70%. As part of our service, we will provide you with required documents for your finance department or tax accountant to assist in maximizing these incentives.