With forces like global warming, rising energy costs, and the need for energy independence, federal and state incentives are rapidly being put in place that make solar financially attractive. Available commercial incentives available are:
-
30% Federal Tax Credit OR a 30% Federal Tax Grant
- MACRS (5-yr Accelerated depreciation)
- State and Local Incentives
The federal incentives cover over 55% of the cost of the system. Coupling the federal incentives with available local incentives can make installing a solar power system an excellent option toward addressing your uncontrollable operating costs.
State Incentive examples include:
- New Jersey's Solar Renewable Energy Credit program
- New Jersey's Non-Residential Solar PV Rebate Program
- Delaware and New York's rebate program, and/or
- North Carolina's Tax Credit