There are many solar rebates and incentives available to help you install solar energy at your business. The guide below will help you understand how various solar rebates and incentives work.
● Federal Tax Credit: 30%of the total system cost will be returned to you in the form of a tax credit.
● Federal Accelerated Depreciation: The federal depreciation is worth approximately 30% of the system cost and will be realized over six years on your tax returns.
● State Depreciation: For Business owned solar system installations, the State of California depreciation schedule is over 6 years and offsets approximately 7% of the system cost.
● Utility Rebates: Depending on your utility provider, you may qualify for another 5% savings off the cost of your investment in a commercial solar system.us
Updated as of February 2014