Expert Commercial Solar Installations In Southern New England
Let us show how to take control of accelerating utility costs
Just like residential let us show you how an intelligently designed commercial solar roof top or ground mount system can reduce your monthly outlay with big savings through state incentives, federal incentives, accelerated depreciation (IRS MACRS depreciation),and special easy financing options. We also have special financing options for non profits that let them use some of the federal 30% tax depreciation.
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We also offer the additional option of renewable energy power generation from off site solar photovoltaic (PV) farms.
The Tax Reform Bill modifies bonus depreciation under Code Section 168(k) to allow 100% expensing for property placed in service after September 27, 2017 and before January 1, 2023. By increasing bonus depreciation to 100 percent, the new tax bill essentially allows eligible entities to deduct the entire allowable tax basis of the system in the first year of operation. Under the federal Modified Cost Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. MACRS establishes a lifespan for various types of property over which the property may be depreciated. For Solar PV systems, the taxable basis of the equipment must be reduced by 50% of any federal tax credits associated with the system. Please consult your tax advisor this is what you are eligible for after installing solar.
Businesses that install solar photovoltaic (PV) systems are eligible to receive a tax credit in the amount of 30% of the total PV system cost. Unlike tax deductions, this tax credit can be used to directly offset your tax liability dollar for dollar. If your tax credit exceeds your tax liability you can roll the credit into future tax periods for 20 years.
Let us show you how to utilize your building roof or parking lot solar system as a asset/revenue stream.
Turn Key -
We Handle Solar Permits and Utility Company Interconnection
We handle all aspects of the project from the first meeting finding out what you need to designing a system to offset your electric bill ,fitting it to your roof, installation,permitting and dealing with all interconnections with the utility company to turning the system on, so to sum it up a turn key system.