Federal Residential Renewable Energy Tax Credit: The credit applies to an entire 30% of the TOTAL cost of installing a solar electric renewable energy system, including labor, materials, and permitting costs. Take advantage of the last few years this amazing tax credit will be available! Consult your tax adviser for more information.
USDA R.E.A.P. Grant for Small Businesses: The United States Department of Agriculture “Rural Energy for America Program” applies to small businesses and agricultural entities based in rural areas. After approval, this grant will cover 25% of the entire cost of the system install, and can also be combined with the Federal Tax Credit as well as the MACRS accelerated depreciation of equipment making solar a very attractive investment for all types of small businesses and agricultural entities located in rural areas. More info on this grant here
The Modified Accelerated Cost-Recovery System (MACRS): This program allows businesses to depreciate qualifying solar equipment over a period of five years through tax deductions annually. This system is best discussed with your accountant and your business situation, but normally results in significant cost-recovery on solar installations. Contact us for information about past project specifics.