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Commercial Benefits - Tax and Rebates

Incentives and rebates change depending on available budget, rules, regulations and renewable energy laws passed by legislative branch at Federal, State, Province, Regional or Local level, as well as your city and/or your utility company. There are other factors that may impact incentives and rebates, as well. 

As of this writing, U.S. congress has approved a 30% of the cost as a tax incentive for residential, commercial and agricultural solar system owners. This is in addition to the 5 year accelerated depreciation tax advantage for commercial and agricultural solar. This law has a limited time & may or may not be renewed. 

For most recent amount, please check your pertinent source of information or contact us. Mehr Solar is an eligible Solar Contractor & is authorized to install & apply for incentives and rebates on your behalf. 

Do you want to write a check every month that goes down a hole, or do you want it to count towards future free energy in a Solar Energy System?

After 7, 10, 15 or 20 years your company can buy the equipment for as little as $1 and have free energy for the next 25 years.

The following incentives are currently applied to those states which offer the large incentives:

Federal Incentive for Commercials:
Beside the state incentive, the following federal incentive also applies to commercial solar system owners: These Credits are set to expire at the end of 2008

One time Federal Tax credit of 30% with no cap,
5 years Accelerated Capital Depreciation,
Exemption from property tax increase.

California State Incentive for Commercials:
The following two choices of incentive apply to California commercial property owners by the three state municipalities of SCE (Southern California Edison), SDG&E (San Diego Gas & Electric) and PG&E (Pacific Gas & Electric):

Expected Performance Based Buy-down (EPBB) Incentives:
As of 5/14/2008, the EPBB pays a one-time up-front incentive of $1.55 per AC watt of the system purchase price, but will be changing. 

Performance Based Incentives (PBI):
The PBI payment will be made on a monthly basis over the 5-years period. These payments will be $0.22 per-kWh of the actual energy (kWh) produced by the system, but will be changing.

Please note that the above rebates are subject to drop every six months. But as soon as the incentives are filed, the commercial property owners are locked-in with the current rate. All system must be interconnected through participating utilities.

City Based Rebates are in Lieu of the State Rebates, but do not include Federal Tax Credits 

http://www.dsireusa.org


A helpful link is available as well. Click on following to get info.

http://understandsolar.com/ california

Riverside Commercial Rebates, for example: The non-residential photovoltaic (PV) rebate program provides financial incentives for Riverside Public Utilities' business customers to install qualifying PV systems on their facilities. 

The rebate amount is $3.00 per watt AC and cannot exceed 50% of the total system cost. Specific dollar limits for the incentive also apply based on the rate schedule of the applicant. Incentives for customers on the flat rate (E200) are capped at $50,000. The incentive cap for demand customers (E20D) is $200,000, and the cap for large customers (TOU) is $500,000.

Financing:
Do you want to write a check every month that goes down a hole, or do you want it to count towards future free energy in a Solar Energy System?

After 7, 10, 15 or 20 years your company can buy the equipment for as little as $1 and have free energy for the next 25 years.

Please ask the Mehr Solar representative for available financing and leasing option. There are several available, from straight out purchase, to leasing, power purchase arrangement, or getting a line of credit or second mortgage. Payments often may be arranged that lets you pay what you are already paying for power.

 

 

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