Solar Panel Installation Rebates for Businesses

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Solar panels are an investment in a cleaner, greener future. At DynoRaxx, our team can help you navigate the many programs available to help reduce the size of your investments. After all, one of the best benefits of choosing solar energy is that it can help keep your wallet green. Because numerous programs are available for businesses, and each program often comes with strict eligibility requirements, it’s important to thoroughly research and carefully consider your options before applying.

Call 866-620-2410 to get more information about solar mounting solutions for your solar company in the United States.

Commercial Tax Credits

Businesses and nonprofit entities can apply for the Production Tax Credit (PTC) and the Investment Tax Credit (ITC). The PTC is an annually adjusted credit that reduces your business’s federal income tax liability for the first 10 years of the system’s operation. The PTC can provide considerable long-term benefits if you have a large system installed in a sunny location.

Similarly, the ITC is a tax credit applied during the year the solar system is installed. This credit essentially reimburses a percentage of the cost of installing qualifying systems on your business. This is usually the best choice for smaller systems or those qualifying for a low-income bonus as stipulated under the credit terms. Further, the ITC covers solar PV panels, inverters, and racking systems. It also covers all equipment required to produce electricity, installation costs, circuit breakers, transformers, surge arrestors, and energy storage devices. Thus, the ITC is often the best choice for small businesses and those installing smaller PV systems on their property.

It’s important to note that businesses cannot claim both the ITC and PTC; however, it’s possible to claim both credits if you opt to install co-located systems, such as solar storage, etc., that qualify under IRS guidelines. If your business chooses to pursue both the ITC and PTC, it’s advisable to discuss this with your accountant to confirm compliance.

Incentives by State

  • Texas: Texas doesn’t offer any tax credits, but several counties and regions within the state offer one-time credits in areas like Houston and Austin.
  • Arizona: There is an additional 25% of installation costs that can be credited with Arizona’s statewide solar tax credit.
  • Nevada: Commercial solar projects have a 100% tax exemption in Nevada.
  • New York: NY-Sun offers an ongoing tax credit with varying amounts per watt for solar panel system purchases.

Navigating Your Options

At DynoRaxx, our solar mounting product specialists will help you navigate current state and federal tax credits and rebate programs. Our goals are to help reduce your overall energy consumption and to help save you money over the life of your system. And, of course, we will help you determine which solar solutions best suit your long-term needs and requirements for solar energy generation.

Contact DynoRaxx online or at 866-620-2410 to learn more about our products and help your solar installation company save clients money.