Incentives and Tax Credits (Business Solar)
There are several incentives available for commercial solar electrical systems. These include:
- 30% Federal tax credit
- IRC Section 179 which allows for immediate depreciation up to $250,000 for 2009
- 5 year Modified Accelerated Cost Recovery System (MACRS) Depreciation
- State of Minnesota is currently offering a $2 per watt rebate. M
- Goodwill. A business that is doing its part for the environment is a great public relations tool and a makes for good marketing
- A property tax exemption for solar energy systems
- A state sales tax exemption for solar equipment
For more information please contact us.