More than 4.3 Megawatts of Solar Energy Planned, Designed & Delivered by Our East Coast & West Coast Companies.   

Mehr Solar of FLORIDA - David Bowles; dBowles@mehrSolar.com

Commercial - State of Florida Tax Credits and Rebates

For businesses located in the state of Florida, there are two main government incentives,

(1) State rebate and
(2) Federal tax credit

These incentives can make up a substantial (30% - 75%) of system cost:

State of Florida Commercial
A cash rebate of $4/watt (approximately 50% of system cost) is offered by the state with a cap of $100,000.
http://www.dep.state.fl.us/energy/energyact/solar.htm

A production credit is also offered by the state of $0.01 per KwH produced by a PV system.
http://www.dep.state.fl.us/energy/energyact/incentives.htm

In addition, there are several utilities in the State of Florida that have additional rebates for which you may qualify and further reduce your system cost.

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

Please also refer to the following link for more information:
http://www.seia.org/cs/federal_issues/the_investment_tax_credit_itc

Financing Options
Do you want to write a check every month with no return, 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 Mehr Solar Representative about financing options.

 
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