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Solar Energy for your Business We are all too aware of the rising costs of overhead and constantly look for new ways to economize wherever feasible. The California Solar Initiative awards owners of commercial property rebates of up to 30% of the cost of the solar electric system. Also, commercial entities may be eligible for an addition 30% reduction through the Federal Investment Tax Credit (IRS Form 3468). Also, the California Revenue and Taxation Code (Section 6353.5) makes the value of solar electrical system equipment tax exempt. Net Energy Metering Net Energy Metering is a way to receive a credit on the excess energy your building is producing. A similar Net Energy Metering system used to credit private residences can be applied to commercial buildings as well. Some cities even offer incentives above and beyond mere credits. For information on savings programs in your particular city, please contact us. |
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