Commercial Incentives
The Federal and State Governments have recently enacted dramatic legislation to provide incentives for solar power generation on commercial property. With these tax credits, aggressive depreciation, and Solar Renewable Energy Certificates (S-RECs) for photovoltaic systems, your system can be pay for itself faster than ever before! With commercial financing, the net cash flow is in one direction…yours.
State of Massachusetts
- Fully deductable for excise/income tax (depreciation is 100% in the first year)
- Property Tax Exemption (on the additional value for a term of 20 years)
- Interconnection regulations (carry excess production credits forward)
Federal Government:
- Investment Tax Credit worth 30% of system cost
- Accelerated depreciation schedule (5 year)
Solar Renewable Energy Certificates:
- You receive high-value Solar Renewable Energy Certificates (S-RECs), currently sold for $300 to $600 per MWh (for comparison, retail electricity rates are less than 200 per MWh)
- This new program effectively doubles or triples the annual revenue
- Click on this link for the Massachusetts Department of Energy Resources overview of this program
