Solar Incentives
Your Guide To Saving With Incentives
Solar tax credits play a major role in your return on investment.Â
Federal Solar Tax Credit
The Inflation Reduction Act of 2022 (IRA) is winding down for commercial clients. Please reach out ASAP to learn about how to leverage this credit before it expires.
SRECs
SRECs are a performance-based solar incentive that allows you to earn additional income from solar electricity generation. As a homeowner, you can earn one SREC for every megawatt hour (MWh) or 1,000 kilowatt hours (kWhs), of electricity your solar panel system generates. SRECs are available in VA, MD and D.C.
MACRS Depreciation For Business Owners
MACRS Depreciation is an economic tool for businesses to recover certain capital costs over the solar energy equipment’s lifetime. Allowing businesses to deduct the appreciable basis over five years reduces tax liability and accelerates the rate of return on your solar investment.
USDA Rural Energy For America Program
The Rural Energy for America Program (REAP) offers grants to agricultural producers and rural small businesses to cover up to 25% of the cost of their solar energy system. We’ve guided hundreds of agribusinesses through the REAP application process and believe it is a great way to reduce operating costs. Speak with a local solar expert to learn more.