Tax Benefits
All solar electric (photovoltaic) and solar thermal systems installed after January 1, 2009 are eligible for a 30% tax credit off the net cost of the system. Tax credits can greatly reduce the cost of your system, accelerating your return on investment.
If your tax liability is not high enough to take advantage of the full credit in one year, you can spread it out over a few years.
Businesses also qualify for accelerated depreciation tax credits. Depreciation occurs over five years and amounts to 20-30% of the total installation cost.
Sunlight Solar Energy strongly encourages you to discuss the tax credits and depreciation with your tax professional and accountant.
