The 30% Income Tax Credit (ITC) coupled with the Modified Accelerated Cost Recovery System (MACRS) which is an accelerated depreciation write-off, makes the financial picture of solar for a commercial facility almost too good to be true! Between these two tax benefits, it is standard to see an ROI of 50% or more in the first year after installing a commercial PV system. Additionally, many utility companies offer rebates and incentives which can further and substantially bolster the overall financial picture of a commercial PV system!
Man….It sure does feel good to do the right thing!!
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