Federal Tax Credit:
The Investment Tax Credit (ITC) applies to commercial solar panel installations as well as residential solar projects. It allows you to deduct 30% of the cost of your solar system on your taxes. This credit can be rolled over to future years to ensure that you get the full 30%.
Commercial Solar Installations generally qualify for accelerated 5 year depreciation under the Modified Accelerated Cost Recovery System (MACR)
The California Solar Initiative (CSI):
The CSI program was launched in 2007 with the goal of reaching 1,940 megawatts of installed solar power by the year 2016. CSI applies to commercial solar energy projects as well as residential projects. Due to budgetary constraints, all un-confirmed CSI MW are not guaranteed a CSI incentive at this time. However, the Program Administrator is still accepting reservation request applications. The MW amount remaining will be incentivized as funding becomes available or as projects drop out. A waiting list for megawatts that become available can be found on the Program Administrator’s website.
Rebates are still available from SMUD as well as local jurisdictions. The local jurisdictions across Northern California that have instituted their own solar incentive programs can be found at www.dsireusa.org. A complete list of energy related rebate programs is maintained on this site.
But rest assured, we keep close tabs on all programs that can save you money, and we’re always happy answer any questions that you have.