Solar Power Benefits
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Do you Qualify for solar?


There are many Federal, State, Local Incentives and Rebates available to help you move towards energy independence by offsetting the solar project installation costs. Tax credits, local incentives and rebates for photovoltaic systems, reduce your upfront costs substantially. Plus, you get rewarded with a bonus check every six months… the energy you produce is worth more because it is generated from the sun!

The Federal and State Governments have recently enacted dramatic legislation to provide incentives for solar power generation on commercial property. With tax credits, aggressive depreciation, and Incentives such as Solar Renewable Energy Certificates (S-RECs) for solar photovoltaic systems, your investment can pay for itself, and continue to pay you back faster than ever before! With commercial financing, the net cash flow is in one direction…yours.

 

Commercial


Federal Government:

  • Investment Tax Credit worth 30% of system cost
  • Accelerated depreciation schedule (5 year)
  • Eligibility utilizing Section 179, equipment deduction

State & Local Government: (MA example)

  • Fully Deductible for Excise/ Income Tax (depreciation is 100% in the first year)
  • Property Tax Exemption (on the additional value, 100% for a term of 20 years)
  • Interconnection regulations (carry excess production SREC credits forward)

Incentives – (RECs) Renewable Energy Certificates: (MA example)

  • You will receive high-value Solar Renewable Energy Certificates (SRECs)
  • SREC-I value $285 per MWh (for comparison, retail electricity rates around $150 per MWh)
  • This Solar Carve-Out program has a positive impact on your annual revenue

Click here for the Massachusetts Department of Energy Resources (DOER) overview and additional information on this program



Residential


Federal Government:

  • Income Tax Credit, 30% of system installation cost ($5,000 to $12,000 for a typical residential system)
    A major portion of your system cost is offset by these incentives in the first year!

State & Local Government: (MA example)

  • Commonwealth Solar II – Rebate (5kW cap up to $2,000, for systems up to 15kW)
  • Commonwealth Solar II – Rebate – Home Value/ Income Adder (5kW cap up to $2,000)
  • MA Income Tax Credit of 15% ($1,000 cap)
  • Property Tax Exemption (on the additional value, 100% for a term of 20 years)
  • Equipment Sales Tax Exemption
  • Net Metering Benefits (receive 1:1 credit for utility electricity value)

Incentives – (RECs) Renewable Energy Certificates: (MA example)

  • You receive high-value Solar Renewable Energy Certificates (S-RECs). SREC-I value $285 per MWh (for comparison, retail electricity rates around $150 per MWh)
  • This Solar Carve-Out program has a positive impact on your annual revenue in addition to avoided energy costs’ on your utility bill
  • You deserve this bonus for the green energy you produce, which reduces your payback time dramatically!

Click here for the Massachusetts Department of Energy Resources (DOER) overview and additional information on this program

 

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