Commercial Solar Incentives
With all the great commercial solar incentives out there, business owners there is no longer any excuse not to have the luxury of producing clean, renewable energy for their business. Significantly reduce the cost of an installed solar power system with incredible tax rebates and other federal, state, local, and utility company incentives for which you may qualify. Plus, thanks to aggressive research and development efforts commercial solar panel technology has improved, now fairly priced and highly efficient panels are attainable to most anyone.
Customers’ Want Renewable Energy to be Used
About 25-30% of the U.S. consumer population is regularly and proactively making purchase decisions based on environmental information related to a business and its products. More than a quarter of consumers are willing to pay an additional cost to a business that uses renewable electricity and fuels. Source Roper Center.
A New Solar System by Pur Solar will Help You Go Green so You Can Save Green!
The cost and payback of electric solar panels can vary largely from one business to the next, depending on the size of the solar system, but also on the location and structure of the business. Purchasing a commercial solar system is far more than a commitment to sustainable energy, it is an investment that will pay for itself through the savings on your electrical bill.
Pur Solar will help you choose the number of panels best tailored to your energy needs and expectations, but also a plan that fits your budget. During the consultation, we will walk you through the cost and investment returns you can expect from your new solar system.
Commercial Rebates and Credits
Many states and utility companies have created solar tax credit and rebate programs to encourage residential and commercial owners to lower their energy usage by purchasing a solar systems.
Federal Tax Credit: Investment Tax Credit (ITC) allows individuals to deduct 30% of the cost of a solar system from individual federal income taxes.
Accelerated Depreciation + Bonus Depreciation (2010-2012): A 100% bonus depreciation is available, the bonus portion of the accelerated depreciation schedule goes to 50%.
Individual State Rebates: Many states offer cash rebates that are either flat amount or are based on the size of your solar power system.
Property Tax Exemptions: Many states also specifically exclude the value a solar energy system from your your annual property taxes.
Municipal and Utility Rebates: In addition to the federal and state incentives, many local municipalities and utilities will offer rebates on top of everything else.
Be the Next Business in Arizona to Get Solar!
10% Corporate Solar Tax Credit
By installing solar photovoltaic (PV) panels or other solar system a Arizona business (and nonprofit) can receive a 10% of installed costs, up to $25,000 per building, not to exceed a total of $50,000 per year for an individual business. For more information visit: AZ Dept. of Commerce.
Solar Energy Property Tax Exemption
In addition, Arizona exempts the value of a renewable energy source from a owner’s property taxes. Even though the value of your business will increase with the installation of commercial solar system, you will not have to pay increased property taxes.
Arizona Solar Devices Sales Tax Exemption
Arizona provides state tax incentives for the retail sale or installation of “solar energy devices,” with the Green Choice Solar Rebates. Retail sales of solar energy devices are exempt from “sales” tax, plus installations of such devices under the prime contracting classification. Certain state income tax credits are also available.