Tax Advantages of Solar Energy Systems

Solar electricity - produced by Solar PV systems - is a fantastic way for companies to save money on their electric expenses while having a positive impact on the environment. The power of the sun is always there so you can harness it and use it to provide you with the power you need for your business.

However, the "raw cost" of a solar energy system is not cheap. To encourage companies, tax credits, incentives, accelerated depreciation and more can reduce your cost by 50-90%.

State Tax Advantages for Green Energy

Like the federal government, many states also offer tax credits and other incentives for green energy. Contact our experts for the most up-to-date programs offered in your state.

Utilities Offer Green Energy Incentives

Many utilities now offer incentives for you to add green energy to your buildings. They have pools of funds available, and increased green energy usage decreases the load on their existing power grids.

Business Tax Credits

A Business Energy Tax Credit is in place which enables business owners to invest in a new solar energy system at an advantageous price. The tax credit runs up to 34% for the year you install the system, but check with your local state to ensure this is in place at this percentage for your area.

IRS Incentives for Green Energy

The tax code also offers incentives for you to install green energy producing technologies. Accelerated depreciation is in place, allowing you to depreciate the cost of the system over just five years. Be sure to consult with your tax advisor for information about these programs.

There is no cap on the cost of solar energy and wind power systems. Adding together all incentive programs, you can save 50%-80% of the cost of the system, and produce free power for decades to come.

Green Energy Means Green Dollars

There is no doubt that a "green building" is an eye catching and forward thinking building that attracts tenants and can attract premium rents. With tax advantages and incentives in place, going green is more affordable than ever.