Commercial Depreciation On A Solar Energy System

Commercial Depreciation On A Solar Energy System

Commercial properties are eligible for the Business Energy Investment Tax Credit (ITC) of 30%. This is the business version of the Residential Renewable Tax Credit of 30% for homeowners. The American Recovery and Reinvestment Act of 2009 established the tax credit to include solar installations and is in force through 2019 at the 30% level. The entire cost of the system qualifies for the credit from design, to components, to installation. Solar systems can also be depreciated in a way to allow for businesses to take a higher deduction earlier than what is usual.…

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How to Measure the Home Equity of a Solar Energy System

How to Measure the Home Equity of a Solar Energy System

A 2015 study by the National Renewable Energy Laboratory (NREL) places a price premium of $3.11 a watt for solar energy systems added to residential properties. For those with a typical 8kW system, this means the added resale value to your home is around $24,880.…

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