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FREE Electric Solar Incentives/Production
kWh Production: 500,000 System Size: 400kw Cost: $800,000
Federal, State, & Utility Incentives
Income Tax Credit 30%: $300,000 MACRS Depreciation: $340,000
SRECS 15yr: $750,000 Electric Bill Credit: $100,000 PPL: $400,000
Total Incentive Package: New Jersey $1,390,000 Pennsylvania: $1,240,000
PROFIT: $4,650,000 20yrs.
Three Funding Options
1. Solar Loan 2.Cash
Company owns the system and is entitled to all tax breaks MACRS and solar incentives federal and state. Company can do the solar capital lease or pay cash for system to receive these hugh benefits plus savings on utility bills.
Federal 30% ITC
Federal Income Tax Credit 30% off gross cost of system carried forward indefinitely.
System Size: 200KW
System Cost: $400,000
ITC $120,000
NJ SREC -Solar Renewable Energy Certificates
Company receives $100 / 1000kwh for 15 years of production.
Example: System Produces 100,000kWh/year
Srec Income: 100 x $100 = $10,000
15 years X $10,000 = $150,000
MACRS Tax Break
Modified Accelerated Cost Recovery System
The income tax for solar power generation units is 80 % and it is an accelerated rate of depreciation. So the party has to file the regular tax returns only.
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3. PPA - Power Purchase Agreement
Most Common - Company gets a reduced define rate for 20 years while the funder keeps all incentives both federal and state. The advantage to company is has no maintenance risk cost and makes $10,000s in reduce energy cost without risk adding to bottom line.
Company just buys power generated by solar at a predetermined rate and term so as we experience rising energy costs their bottom line is not affected negatively but rather is strengthen by lower energy outlays.
Solar is the greatest technological advancement in decades because it produces energy at reduced rates, totally predictable, and increases profits everytime. Modernization
Our Services
*Electrical wiring
Our superior electricians can wire any size array or system for every commercial solar system requirement.
*Enphase Inverter Install
Inverters are installed on the back of every panel and can monitor production for 25 years. Systems are known to produce over 30 years.
*Commercial installations
Flat roofs do NOT get any penetration the array is constructing on a frame that is weighed down by counter weight good for 120mph wind.
*Ground Mounts
When you do not have enough roof space to get enough production for your offset it makes sense if have room to do a ground mount.
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*Monitoring
All systems both residential and commerical come with monitoring systems so you can track production and know panels are firing off.
*Rapid Shut Off
System can be shut off in a quick and easy manner in case the firemen or the utility company need to access roof or fix a problem
