SunFarm Energy’s turnkey, customized commercial solar power systems allow our clients to enjoy the benefits of solar without any of the hassle. We offer a wide array of products for commercial and large-scale projects including ground mounts, car port canopies, and rooftop arrays.
Take advantage of a 26% Federal Tax Credit, special state and county incentives, accelerated amortization, and let all of your customers know that you are running a “green” business! Give us a call today at (850) 472-0341.
Commercial Solar Incentives
There are multiple Federal Incentives for Renewable Energy Systems from which your business can benefit.
Business Energy Investment Tax Credit (ITC)
The federal Business Energy Investment Tax Credit (ITC) allows businesses to receive a 26% Federal Tax Credit for the gross cost of their Solar System.
See the Office of Energy Efficiency & Renewable Energy’s Residential and Commercial ITC Factsheets for more information, or contact a SunFarm Energy Consultant today!
Modified Accelerated Cost-Recovery System (MACRS)
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions.
The MACRS establishes a set of class lives for various types of property, ranging from three to 50 years, over which the property may be depreciated.
Financing for Commercial Solar Projects
Property Assessed Clean Energy (PACE) financing is funding available to qualified property owners to make energy efficiency, renewable generation, and wind mitigation improvements and repairs. The funding is repaid through an assessment included on the annual property tax bill.
Businesses often face capital budgets constraints that force owners to choose between capital improvements. Using PACE financing enables business to take advantage of fixed rates and longer terms that allow capital costs to be annually and significantly reduced by savings associated with energy efficiency, renewables and wind resistance improvements.
In addition, PACE financing is an off-balance sheet transaction that maintains your company’s cash position while allowing capital projects to be advanced immediately.