Solar Incentives and Tax Credits
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.
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.