Solar Power Costs for Commercial Properties

Thanks to innovations in technology and a larger understanding of environmental issues, going green is easier than ever. The solar power costs associated with installation are typically paid off quickly, making solar power a wise long-term investment. No matter what selection you make, achieving energy independence is worth the solar power costs. 

Federal tax credits

The IRS allows business owners to receive a tax credit equal to 30% of your solar power costs. A tax credit is better than a deduction, because if the amount is large, it can be carried forward to apply to future tax years. This credit can be applied the year prior to installation and carried forward for 20 years. You can also claim an accelerated five-year MACRS depreciation on 85% of the system value. Combined, these two benefits often equal more than half of the system cost. 

 
 

Financing options: PACE

Property Assessed Clean Energy (PACE) is an efficient and no-money-down way to get business owners into solar power by financing the power system like a tax through the county or city office. PACE is not yet a state-wide program and is strictly based on counties and cities throughout Florida. Visit the following websites for more information and to see if your business is located in an area that has accepted PACE.


Solar power rebates

the large utility company rebate programs from duke, Teco, and fpl ended in 2015.

THE ORLANDO UTILITY COMMISSION STILL HAS A 5 CENT/KWH INCENTIVE. 

all power companies are obligated to offer you net-metering when you interconnect a solar power system. 


Solar Advantage is a registered contractor with two PACE programs: Evest Florida and Florida Green Energy Works.

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