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Agricultural
Benefits - Saving
and Costs
Costs
The total cost of a solar power system
includes the Photovoltaic (PV) system and installation. Your
PV system’s cost will depend on several factors, including the system
size, the energy efficiencies of your business and other possible site
related factors.
- A Small-scaled PV systems with
built-in inverters that produce about 1,000 watts of power will
typically cost around $8 per watt or $8,000.
- Mehr
Solar can provide you with a free commercial site evaluation and
cost estimate. Call us to schedule an informal meeting today
Remember, the federal
tax credit, the state
incentives, rebates by some cities and utility companies,
can significantly reduce the cost of purchasing a PV system.
We will do all the paper works and secure all the credits,
incentives and rebates for you.
Savings
Following savings on your solar system can be
realized for various states
-
Your
system will pay for itself by eliminating or greatly reducing your
electric bill; some systems have paid for themselves in as little as
4.5 years
-
The
economies of scale realized with some larger systems can
substantially reduce costs
-
Utility rebates and incentives in most states, can reduce the costs
by 30% to 75%!
-
There
is an additional 30% federal tax credit for the cost of your system
(in addition to state rebates)
-
Sell
your excess power production back to your utility company for
credits used during times of lower production or greater power need
-
Net
Metering utilizes a bi-direction meter that actually spins your
meter backwards
By working with us, we will help you
reduce your electric bill even further with helpful suggestions about
what you can do to increase your energy efficiency.
Rebates and tax credits currently equal nearly 50% of the cost of
your solar system. Take advantage of these incentives as well as all the
other available benefits of solar energy systems:
- 30% Federal tax credit for systems
placed in service in applicable year,
- State Energy Commission rebate of
$2.50 per watt for agricultural,
- 7.5% State Tax Credit, applied to
the net cost of the system after rebates, available up to 7 years
after installation,
- Federal 5-year accelerated
depreciation for solar equipment
- State standard capital equipment
straight-line depreciation,
- Protect your business against energy
rate increases,
- Solar installations will increase
the value of your property while you benefit from legislative
protection prohibiting county property tax increased related to the
installation,
- System pay-back periods are within
4-12 years,
- Loan interest deductions are
available; see your tax consultant.
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