SOLAR FOR BUSINESS
Adopting Solar has never been easier or provided more savings for Businesses!
Major U.S. corporations such as Target, Amazon, Apple, and General Motors have become America’s biggest buyers of renewable energy. Their primary reasons? Lower power bills and generous tax credits.
Costs for commercial solar have plunged in recent years due to advances in technology along with increased production of Solar Photovoltaic (PV) panels worldwide. Paired with tax credits and the other incentives detailed below, large power users are finding renewable energy to be competitive with, or less expensive than, conventional sources of power. Solar PV improves your “Triple Bottom Line”: Financial Performance, Social Impact, and Environmental Responsibility.
The 70% drop in solar energy costs in the past decade, paired with federal and state incentives, gives your business:
• Long-Term Reduction and Predictability of Energy Costs
• Reduced or Eliminated Tax Burden and Generous Depreciation Schedules
• Differentiation from Competitors and Recognition as a Forward-Looking Business
• Potential Increase in Property Value and Revenue Streams for Every Watt Produced
REQUEST FREE SITE EVALUATION & INITIAL CONSULTATION
FEDERAL INVESTMENT TAX CREDIT
Commercial and Industrial utility customers can take a 30% Federal Income Tax Credit to offset the upfront costs of the system.
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. Renewable energy technologies are classified as five-year property under the MACRS.
50% FIRST-YEAR BONUS DEPRECIATION
Equipment placed in service before January 1, 2018 can qualify for 50% bonus depreciation in the first year. Equipment placed in service during 2018 can qualify for 40% bonus depreciation. And equipment placed in service during 2019 can qualify for 30% bonus depreciation in its first year.
The workmanship is first rate and the customer service all along has been excellent. As a bonus, the Enphase software allows us to monitor our system’s production daily. Overall, we are very satisfied customers and recommend having Norwich Technologies come out to your home or business for a free site assessment.
I found them to be very knowledgable on renewable energy technologies and all aspects of renewable energy incentives. They enthusiastically provided excellent customer service. They were efficient and timely during the install process and in the submission of incentive documentation. After the installation, they continued to monitor and strived to make sure my system was performing at peak production.