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Commercial - Tax Credits 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.

State of Texas Commercial Incentives for Solar PV
Texas allows a corporation to deduct the cost of a solar energy device from the franchise tax in one of two ways: (1) the total cost of the system may be deducted from the company’s taxable capital; or, (2) 10% of the system’s cost may be deducted from the company’s income. Both taxable capital and a company’s income are taxed under the franchise tax, which is Texas ’s equivalent to a corporate tax.    

Federal Tax Credits
In addition to any State and Utility company rebates and Credits, the Federal Government offers commercial  solar system owners:

  • One time Federal tax Credit of 30% with no cap.
  • Five Years Accelerated Depreciation
  • Property Tax Exemption on Solar System

For 30% tax credit for commercial, please refer to IRS Form 3468 (item 2.b): http://www.irs.gov/pub/irs-pdf/f3468.pdf 

For 5 years Accelerated Depreciation for commercial, please refer to IRS Form 4562: http://www.irs.gov/pub/irs-pdf/f4562.pdf and http://www.irs.gov/pub/irs-pdf/i4562.pdf for instructions.  

IRS Tax Credit Forms http://www.irs.gov/formspubs/lists/0,,id=97817,00.html

FINANCING OPTIONS: 
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 your Merh Solar Representative about financing options. 

 

 

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