Commercial Solar Power Incentives

This page describes some of the support available to help finance or accelerate payback time of a commercial solar power system.

Commercial solar power incentives. Commercial solar incentives add up to big savings many of the world s most successful businesses are going solar as a way to reduce operating expenses and dramatically improve their yearly balance sheets. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres. The federal solar tax credit also known as the investment tax credit itc allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. The maximum commercial annual incentive payment is 25 000 year.

Solar incentives available to homeowners businesses investment tax credit for solar the federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes. Many states also offer tax credits for solar. The green bank solar ppa power purchase agreement incentive enables commercial properties nonprofit organizations and municipal and publicly owned institutions to switch to solar with no money down. Some will continue even after the federal credit expires.

Commercial solar rebates grants incentives switching your company on to solar power can be even more cost effective if you re able to access any of the grants rebates and other finance options available. This section describes the different types of solar energy and how they are used in massachusetts. However the experts agree that massachusetts is an excellent location for solar systems. The itc applies to both residential and commercial systems and there is no cap on its value.

In addition find out what solar programs and incentives are currently available for your home business or institution. Solar systems larger than 12 kw are classified as commercial unless they are installed as a community solar project. Payment rate is determined by the date on which the renewable energy system is certified.