- 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.
of Texas Commercial Incentives for Solar PV
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
’s equivalent to a corporate tax.
In addition to any State and Utility
company rebates and Credits, the Federal Government offers commercial
solar system owners:
time Federal tax Credit of 30% with no cap.
Years Accelerated Depreciation
Tax Exemption on Solar System
For 30% tax credit for commercial,
please refer to IRS Form 3468 (item 2.b):
For 5 years Accelerated Depreciation
for commercial, please refer to IRS Form 4562:
IRS Tax Credit Forms http://www.irs.gov/formspubs/lists/0,,id=97817,00.html
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
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.