Commercial Solar Rebates and Incentives

Hope General Store - Hope, Maine

This 4.6KW system at the Hope General Store was eligible for more than $13,000 in rebates and tax incentives.

Businesses are available for a suite of federal and state solar rebates and tax incentives which make purchasing solar more affordable.

Commercial Solar Electric Rebates

These rebates apply to grid-tied solar electric systems for businesses.

In Maine:

  • 30% Federal Tax Credit or Grant - Commercial solar systems qualify for an uncapped 30% federal tax credit. This credit (not deduction) can be taken against an existing income or AMT tax liability. For systems installed by the end of 2011, this tax credit can be taken as a grant. This grant will be paid out within 60 days of filing and will be paid out as 30% the cost of the system regardless of tax liability.
  • Accelerated Depreciation - Solar systems are usually eligible for five year accelerated depreciation if claimed as a business expense. If you are eligible, this deduction can reduce your tax liability by as much as 34% of the system cost.

In New Hampshire:

  • 30% Federal Tax Credit or Grant - Commercial solar systems qualify for an uncapped 30% federal tax credit. This credit (not deduction) can be taken against an existing income or AMT tax liability. For systems installed by the end of 2011, this tax credit can be taken as a grant. This grant will be paid out within 60 days of filing and will be paid out as 30% the cost of the system regardless of tax liability.
  • State rebate up to $50,000, or 25% of project cost, whichever is less. The rebate is $0.80/watt for solar electricity, $0.07 per kBTU/year for solar hot water. Either rebate requires modeling software to demonstrate system efficacy to the state. See Black Dog Car Wash and Sunset Hill House for examples of businesses that have taken advantage of this program.
  • Accelerated Depreciation - Solar systems are usually eligible for five year accelerated depreciation if claimed as a business expense. If you are eligible, this deduction can reduce your tax liability by as much as 34% of the system cost.

Incentive Details:

30% Federal Tax Credit - Commercial grid tied solar electric systems qualify for an uncapped 30% federal tax credit. This credit (not deduction) can be taken against an existing income or AMT tax liability.

For systems installed by the end of 2011, this tax credit can be taken as a grant. This grant will be paid out within 60 days of filing and will be paid out as 30% the cost of the system regardless of tax liability.

For more information about this incentive visit: www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US02F&re=1&ee=1.

5 Year Accelerated Depreciation - Solar electric systems may be eligible for five year accelerated depreciation if claimed as a business expense. If you are eligible, this deduction can reduce your tax liability by close to 25% of the system cost!

For more information about this incentive visit: www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US06F&re=1&ee=1

Maine State Solar Rebate - Commercial systems are also eligible for a $2,000 state rebate from the State of Maine (New Hampshire does not have as special commercial cash incentive). An energy audit is required to get the state rebate, and ReVision Energy will assist with the required rebate application.

For more information about this incentive visit: www.efficiencymaine.com/renewable-energy/solar.

The Impact of Incentives on Solar Power Cost:

20 year cost of solar electric vs. grid power

20 year cost of solar electric vs. grid power

There is a wealth of information about loans and grants available at DSIRE (Databaseof State Incentives for Renewables & Efficiency) - see their page for Maine solar incentives and for New Hampshire solar incentives.

Also please contact us for more information on loans, grants, and rebates as they apply to your specific situation.

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Topsham, Maine - Solar Hot Water

Janet and I have been really pleased with the new system and with Revision Energy's service. You folks do an excellent job.

We tell all of our friends about how great it is to go solar and about how nice it is to work with the people at ReVision.

Damon Gannon
Topsham, Maine

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