SUNLIGHT INTO ELECTRICITY
**Approximate 45 to 60 days from start to finish**
Incentives & Tax Credits
The federal Investment Tax Credit (ITC) covers 30% of your solar system’s full installation cost (materials and labor), as well as batteries and any necessary onsite preparation, such as replacing electrical panels, rebuilding electrical service, or reinforcing roofs. There is no maximum or cap on the expense amount.
For residential systems, this credit will decrease incrementally from 30% to 26% in 2020, and 22% in 2021. The credit expires on Dec. 31, 2021.
Depreciation of Solar Energy Property in MACRS
Businesses rely on policy certainty to make long-term investment decisions. SEIA supports smart tax policy that drives continued innovation in the solar industry. Depreciation is one aspect of the tax code that facilitates greater investment in renewable energy and ultimately lower costs for consumers.
The U.S. tax code allows for a tax deduction for the recovery of the cost of tangible property over the useful life of the property. The Modified Accelerated Cost Recovery System (MACRS) is the current depreciation method for most property. The market certainty provided by MACRS allows businesses in a variety of economic sectors to continue making long-term investments and has been found to be a significant driver of private investment for the solar industry and other energy industries.
Absolute Power Inc. began in 2008 as Rick Berry and Jeff Oliver, both Journeyman Electricians, strove to build a business that believes in providing exceptional customer service to each one of their clients. MORE
725 N 26th Ave
Pasco, WA 99301