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Despite its status as a solar pioneer, the U.S. has lagged behind many other nations with regards to actual deployment of solar. However, the U.S. has seen dramatic growth in solar installations in the last few years, driven partly by several key federal solar incentives, including:
The Section 48 Investment Tax Credit (ITC) provides a dollar-for-dollar cash credit equal to 30% of eligible solar system expenditures. The ITC is available to solar projects that are placed in service prior to the end of 2016.
The federal Modified Accelerated Cost-Recovery System (MACRS) allows solar system owners to deduct their solar investment on a significantly accelerated 5-year schedule. In addition, solar projects that are placed into service in 2012 are eligible for a 50% first-year depreciation bonus.
There are several other federal incentives that may be available on a situation- specific basis, including the USDA Rural Energy Grant Program and the New Markets Tax Credit Program. EnterSolar will ensure you tap all incentives available to you.
Federal solar incentives can provide corporate solar system owners with significant economic benefits, often reducing the net effective cost of solar by more than 60%.
Contact EnterSolar to learn how the U.S. Federal Solar Incentives can benefit your business.
