- Federal Investment Tax Credit: 30%
- State incentive: REC’s or Renewable Energy Credits. Pay the owner for 15 years for all the power produced by solar array. Each time a solar installation generates 1,000 kilowatt-hours (kWh) of electricity, an REC is earned. . RECs can then be sold providing revenue for 15 years. This means the roof will now produce a profit with solar.
- Reduced or eliminates electric bills. This also hedges against the increasing utility costs for decades. This allows a business to increase their profit margin.
- MACRS: accelerated depreciation schedule for business owners to help expedite return on investment.
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