Take Advantage of Powerful Commercial Incentives
Solar Payment Program
If you are a business with a great roof for solar now you can turn that unused space into an income generating power plant. PGE and Pacific Power offer special Solar Payment Programs that pay you a premium rate for every kwh that you generate. The next allotment opens October 3, 2011.
For systems under 10kW: Receive $0.37 for every kilowatt-hr that your system generates. This premium rate is locked in for 15 years. An average 10kW system will generate over $50,000 in revenue over the contract period.
For systems over 10kW: Receive $0.32 for every killowatt-hr that your system generates.
Oregon Rebate
Oregon offers a rebate for solar energy systems through the Energy Trust (ETO). Rebates range from $1/W to $1.50/W depending on the size of the system and whether your account is with PGE or Pacific Power. Try the Energy Trust Online Calculator to determine your system rebate.
Federal Tax Credit
The federal government offers a tax credit at 30% of the system cost. There is no cap for this credit and it can be applied directly to your federal taxes. If you can’t use the entire credit in one year you can spread it out for up to twenty years. It is also possible to receive this tax credit as a cash grant.
MACRS Depreciation
Businesses can now depreciate 50% of depreciable system costs in the first year with bonus depreciation and the remainder of costs can be depreciated on the 5 year accelerated scale.
“Future City Solar did an amazing job installing a system for my business. They were courteous and professional throughout the entire process. I would absolutely recommend them.”
-Brad Wolfe, Business Owner
Consult your accountant for tax implications of incentives and depreciation benefits.
Financing is available for all commercial projects through Umpqua Bank.
