Rebates, Tax Incentives, and Grants
- The Federal Government offers a 30% tax credit or grant towards the installation of solar electric systems on commercial buildings.
- There is also a bonus depreciation in the first year, equivalent to 50% of the adjusted basis of the system.
- The state of Texas has also included a Franchise Tax Deduction for the installation of a solar system.
- Also available are federal energy investment credits and various DOE programs to help offset the cost of these systems .
- Property and franchise tax exemptions can be claimed for the increase in property value as a result of the solar electric system.
- Environmental credits such as Renewable Energy Credits (RECs) can be sold from these systems.
- Utility companies offer an up to 40% cash rebate towards the purchase of solar energy systems.
Call or visit the Department of Energy for more information.
