Businesses have a host of options to choose from when it comes to alternative energy. Your mix of options includes solar, micro-turbines and fuel cells. Talk to us and we can determine which option is best for you. Federal and state incentives are available. On certain projects you can benefit from both levels of incentives, federal and state.
Private businesses look toward alternative energy for a number of reasons.
1) It reduces long term operating cost
2) It helps the image of the company
3) Investing in renewable energy yields a higher return than conventional investments
4) It provides backup power and a less dependency on the grid
- Please contact us for a Free Phone Consultation on Alternative Energy System Proposals.
We will provide you with a Case based Energy Audit and analyze your eligibility for Incentives and Tax Credits.
We will guarantee the Incentives and Tax Credits and provide a Case based Financial and Cash-Flow Analysis as well as alternatives in Free Cash-Flow through CA solar public and CA private loan programs
- Business owned systems may also be eligible for MACRS 5-year Accelerated Depreciation using IRS federal form 4562 available at www.irs.gov/formspubs.
- The solar system owner has the ability to take advantage of the solar tax credit. Entities without a federal tax liability sometimes use third-party system owner arrangements to install solar since a third-party can take advantage of the solar investment tax credit, passing along some savings to the solar system host customer.
- Bonus Depreciation was expanded to 100% for solar projects placed in service in 2011, and 50% for projects placed in service in 2012. “Bonus Depreciation” means acceleration of the otherwise applicable depreciation (not “more” depreciation, but “sooner” depreciation). 100% Bonus Depreciation means that the whole project’s applicable tax depreciation is accelerated to 2011.
Solar tax credits were enacted in 2008 as part of the Emergency Economic Stabilization Act, which included $18 billion in incentives for clean and renewable energy technologies, as well as for energy efficiency improvements. The 2008 legislation extended the solar investment tax credit (ITC) through December 31, 2016 and made other modifications to the tax credits. The solar ITC offers:
- A federal investment tax credit for both residential and commercial consumers is available for both photovoltaics and solar water heating systems.
- A consumer must have a federal tax liability to take advantage of the solar investment tax credit.
- The federal tax credit is a one-time credit, but may be carried forward (and possibly back) if not completely useable in the system installation tax year. Rules about carrying forward and backward may vary between residential and commercial tax filers; please consult a tax professional for the current rules.
- Eligible projects may take a “grant in lieu of tax credit” under Section 1603 of the American Recovery and Reinvestment Tax Act of 2009 (Section 1603). The 1603 grant program is administered by the United States Department of the Treasury (Treasury). By receiving payments for property under section 1603, applicants are electing to forego tax credits with respect to such property for the taxable year in which the payment is made or any subsequent taxable year.
- The IRS current federal tax form for the Investment Credits is Form 3468 is available at www.irs.gov/formspubs.
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PO Box 73861
Davis, CA 95617
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