Federal, state, and utility incentives maximize solar energy savings.
Investment Tax Credit (ITC)
The federal government supports the deployment of clean and renewable solar power through the Section 48 Investment Tax Credit, which is currently equal to 26% of the total cost to install the solar array.
Net-metering
The utility only charges you for the net amount of energy you use during each billing period. If you generate more energy than you use, the utility gives you credits for future use. This program allows you to make full use of your own solar energy system, giving you more control over your energy costs.
Accelerated Depreciation
Solar arrays qualify for five-year Modified Accelerated Cost Recovery System (MACRS). However, the 2018 Tax Cuts & Jobs Act allows 100% depreciation in the first year of service.
State and Local Incentives
State-level incentive programs often determine the feasibility of a corporate solar project. We actively track solar incentives at the state level and provide our clients with real-time guidance.
Utility Incentives
Many electric utilities are now offering incentives for solar, including upfront rebates, attractive long-term Solar Renewable Energy Certificates (SREC) purchase agreements.
