|
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.
|