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Commercial Incentives for Going Solar

By installing a solar system on your business you will be eligible for the following incentives:

  • State Rebate

  • This rebate is offered through the California Solar Initiative. The current rebate level is a Step 8. There is 77 MW available in this step, but rebate reservations are being locked in daily, so we suggest locking in your reservation as soon as possible.

  • 30% Federal Tax Credit

  • The Federal Tax Credit is available until December 31st, 2016. This credit can currently be taken as a grant in lieu of the credit per the 1603 Program from the US Department of Treasury American Recovery Act. However, this is option is only available until December 31st, 2011. Projects that have 5% completion of construction prior to December 31st, 2011 will still qualify for the grant. Note, as stated above, the Tax Credit is available until 2016.

  • Accelerated Depreciation

  • Commercial owners can recover their solar investment under the federal Modified Accelerated Cost-Recovery System (MACRS), which allows businesses to recover their investment in solar over 5 years.

  • Property Tax Exemption

  • Many states offer a 100% exemption on property taxes for the increase in value that property owners realize with the installation of solar power. Therefore, the solar system would not add to the assessed value in determining property taxes.

  • Other Incentives: PACE (Property Assessed Clean Energy)

  • Newly introduced legislation to allow customers to finance their solar systems through a city offered loan that is paid back through your property taxes over 15 to 20 years. Call us for more details on this incentive.

  • Other Programs: Virtual Net Metering Program

  • This program will allow owners of multi-unit apartment buildings to have single-meter-connection solar systems that will credit all individual meters in an apartment complex; thus solving the multi meter challenge of apartment complexes. This is an exciting recent ruling by the PUC.