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Federal & State Solar Rebates/Tax Credits Federal Solar Tax Incentives There are currently many Federal financial incentives available for commercial solar electric and solar thermal installations. The American Recovery and Reinvestment Act of 2009 (ARRA) has made some of these incentives even more attractive. Business Energy Investment Tax Credit (ITC) The Business Energy Investment Tax Credit (ITC) is now available for eligible commercial solar electric and solar thermal systems placed in service on or before December 31, 2016.
Renewable Energy Grants are now available to eligible properties placed in service in 2011, or placed in service by the specified credit termination date if construction began in 2011. Below is a list of important program details as they apply to each different eligible technology.
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. Currently under the MACRS, solar electric and solar thermal technologies are classified as having a 5-year life, allowing the recovery to be captured over a 5-year schedule (up to 100% in Year 1 if the system is installed before the close of 2011). State Rebates & Incentives The California Solar Initiative (CSI) is overseen by the California Public Utilities Commission (CPUC) and provides incentives for solar system installations to customers of the state's three investor-owned utilities (IOUs): Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE) and San Diego Gas and Electric (SDG&E). Start saving today with a free evaluation of a Solar Photovoltaic System for your residential or commercial application. The LADWP rebate for Solar Electric systems has been reinstated as of September 1, 2011. For more information click here: Save Now! |







