Business Rebates & Incentives

Incentives to install wind and solar systems have never been greater. The American Recovery and Reinvestment Act of 2009 provides substantial incentives for solar energy, wind energy and other renewable solutions. Commercial federal tax credits or actual Treasury Energy Grants of 30% are available for your business to reduce your total cost of your chosen Solar/Wind System. Treasury Energy Grant Commercial projects may opt to apply for a Treasury Energy Grant in lieu of the investment tax credit (ITC). This applies to equipment placed in service by December 31, 2010 or construction begun by December 31, 2010 and completed by December 31, 2013.

Federal Income Tax Credit
A federal income tax credit of 30% of the system cost is available for solar electric (PV) systems. For detailed information go the following link.
http://www.dsireusa.org/incentives/index.cfm?state=us

Federal 5 Year Accelerated Depreciation Schedule
Under the Federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover the cost of a solar electric system on an accelerated 5-year schedule. In 2009 your system investment qualifies for the 50% Bonus Depreciation schedule. You are entitled to deduct 50% of the adjusted basis of the improvement to property in the first year of operation. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule. This additional Depreciation is scheduled to expire at the end of 2009.

Texas Rebates & Incentives
Oncor offers an additional $2.46 rebate per watt. For more information about this rebate you can visit the following sites:
http://www.oncor.com/electricity/teem/business/solarpv.aspx







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