Solar Incentives for Business

Published December 30, 2010

 The following financial incentives make installing solar at your business a great investment.

1. 30% Federal Tax Credit (uncapped) for solar property based on total cost available for systems placed in service by 12/31/16.
2. Five-year Accelerated Depreciation, also known as Modified Accelerated Cost Recovery System (MACRS), allows you to recover about 30% of the cost of a system through depreciation deductions over the next six years. 
 
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TVA Green Power Providers and Solar Solutions Initiative:
Green Power Providers is for systems under 50kW. TVA will pay a 2 cent premium for solar production. For example, a 50kW system would generate about 65,000 kWh per year.  65,000 x $0.13 (when GSA-1 rate is $0.11) = $8,450 per year! Solar payments increase as rates increase.
 
For systems 50kW-1MW, please contact us regarding the benefits of participation in TVA’s Solar Solutions Initiative, and we will help you begin the application process.
 
 
USDA REAP Grant: Now Available!
The USDA Renewable Energy for America Program (REAP) grant covers 25% of total solar system cost for agricultural producers and rural small businesses. The grant application deadline is November 2, 2015. We assemble the application and make the process easy! Please contact us for details.