Solar Panels New England
Incentives
At Solar Panels New England, we understand that navigating the landscape of solar incentives can be complex. That’s why we offer a full-service approach to ensure you maximize every available financial benefit without any hassle. Our dedicated team of experts handles every aspect of the incentive process, from application to approval.
What We Do for You:
- Initial Consultation: We start by assessing your specific needs and potential benefits from various incentives.
- Thorough Documentation: Our team meticulously gathers and prepares all necessary documentation to meet incentive program requirements.
- Application Submission and Management: We handle all submissions, follow-ups, and communications with incentive programs.
- Compliance and Optimization: Ensuring your project meets all criteria for maximum incentives, we adjust project specifics to align with the most beneficial programs.
- Grant Writing: Our in-house grant writers specialize in crafting compelling applications for programs like the REAP grant, enhancing your chances of approval.
- Continuous Monitoring and Updates: We keep you informed every step of the way, providing updates as your application progresses through various stages.
From the Federal Solar Tax Credit to localized incentives and specialized grants, we’ll manage the entire process, ensuring you reap all the potential financial benefits of going solar. With us, you can focus entirely on your business while we handle the complexities of securing your commercial solar incentives.
Solar Panels New England
Commercial Solar Incentives
- 1-to-1 Net Metering: Achieve optimal energy savings with our net metering scheme. For every kilowatt-hour (kWh) produced on-site, we offset an equivalent amount from your utility bill. With sufficient roof space, your business could completely neutralize its utility expenses. Loan payments for the solar system installation replace your regular electricity bills until the system is paid off. Post-loan, enjoy minimal to zero electricity costs, marking a substantial reduction in your operating expenses.
- 30% Federal Solar Tax Credit (ITC): Businesses installing solar systems are eligible for a 30% tax credit on the total system cost. Nonprofits benefit from this via a direct pay method, making solar more accessible irrespective of tax liabilities.
- 10% Domestic Content Bonus: Gain an additional 10% tax credit when you use domestically manufactured or sourced equipment, supporting local industries and enhancing your savings.
- 10% Low-income Bonus: Installations in qualified low-income areas receive an extra 10% credit, increasing the financial viability of solar projects in underserved communities.
- Accelerated/Bonus Depreciation: Businesses can deduct 60% of the solar system cost immediately in the first year using bonus depreciation. Alternatively, they can opt for accelerated depreciation over five years, managing tax liabilities more effectively.
- REAP Grant: Rural or agricultural businesses can apply for the Rural Energy for America Program (REAP) grant, potentially covering an additional 40-50% of the system costs. Our team includes an in-house grant writer to assist your business in qualifying for this substantial incentive.
