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YOUR INCENTIVES
Federal, State and local incentives and rebates vary widely depending on the size of your business operations, the overall energy efficiency of your facility, and system performance. One Sun sales and business specialists will work with you to define the options that will maximize your savings and they will guide you through the incentives process. We recommend that you seek the advice of your tax professional in order to see how the new tax provisions may specifically apply to your business or facility.
Renewable Energy Grants (Including provisions of the American Recovery and Reinvestment Act)
What's good for the environment is also good for your business.
The Department of the Treasury provides grants of up to 30% of the total cost of solar property placed in service during 2009 and 2010.
If the property is not placed in service prior to December 30, 2010, the project will still qualify for the grant if construction begins prior to December 31,
2010 and is placed in service by January 1, 2012. Applications must be filed by October 1, 2011. Businesses will qualify for the full amount of the grant even
if the projects receive subsidized energy financing.www.eere.gov/solar/, www.recovery.gov
MARCS Depreciation Solar projects qualify for the 5-year accelerated depreciation (MACRS).
ARRA Repeals the Penalty for Subsidized Renewable Energy Financing Businesses now qualify for the full amount of the renewable energy
grant regardless of any other subsidized energy financing.
California Solar Initiative Financial incentives, in the form of rebates are offered for solar installations based on the system's actual performance
over the first five years. The system performance is measured by State approved monitoring systems installed during initial installation.
www.gosolarcalifornia.ca.gov, www.dsireusa.org
Sonoma County Energy Independence Program Sonoma County property owners qualify for SCEIP financing through a voluntary assessment on existing property. Assessments are a lien on the property itself: when the property is sold, the assessment stays with the property. These assessments are paid back through the property tax system over 10 or 20 years. New construction does not qualify. Other taxing entities in California are doing the same , such as San Francisco and Berkley, so please ask if it is available in your area.
We will also advise you about other city and county incentives that may apply to your project.
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