Benefits of Commercial Solar Power
Solar systems may seem like a substantial investment but they provide business owners with significant near and long-term benefits. Solar power is now less expensive than the utilities so not only will you start saving immediately but you will also receive roughly 60% in first-year tax incentives, recover your investment in 3-5 years and earn an annualized investment return ranging from 15-25%.
Claim Up To 70% Off With Tax Incentives!
30% Federal Tax Credit
The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 30% from your federal taxes, with no cap, in the year the system is installed.
Get Your Tax Credit Before It’s Too Late
The 2022 solar investment tax credit (ITC) of 30% is scheduled to decline to 26% in 2023.
100% Federal Bonus Depreciation
The U.S. tax code allows for you to either depreciate your system over a 5 year MACRS accelerated recovery period with 50% bonus depreciation in the first year, or, elect 100% bonus depreciation in the first year under the Tax Cuts and Jobs Act of 2017.
5 Year California MACRS Depreciation
California business owners may also be eligible for MACRS 5 year accelerated depreciation schedule or a elect to depreciate on a straight-line basis.