Solar lowers the electric power bill and operating expenses.
Solar creates positive cash flow, the degree of which will depend on the financing election - either a Power Purchase Agreement (PPA), a capital lease structure or an outright purchase.
Solar takes full advantage of the federal, state, and local utility financial rebates and incentives including increased incentives within the Federal Stimulus package. There is also future potential of Renewable Energy Credits (RECs). Utilization of these credits varies depending on the financing structure that you choose.
Solar reduces the exposure and impact of future fossil fuel energy price volatility and price increases.
Financial Incentives & Rebates:
30% Federal Grant: As part of the 2009 Stimulus Program, an upfront Federal Grant which applies to the total cost of the solar system installation placed into service during 2009 and 2010. (In lieu of IR Section 48 investment tax credit)
Accelerated and "Bonus" Depreciation: Substantial savings realized over five years using MACRS formula plus special renewable energy bonus depreciation taken during 1st year.
State Mandated Solar Incentives: These state incentives can equal upward to 30% or more of the cost of installation and are typically PBI (Performance Based Incentives) based on generation and paid over five years.
