There continues to be increasing interest in the potentially attractive return on investment from a solar energy investment. Solar incentives such as rebates and tax credits have lowered the initial cost of a solar power plant. A federal tax credit of 30% of the cost of the solar system is in place through 2016. This is a dollar for dollar credit off the federal tax bill. There is a cash rebate, from the utility, based on energy produced. For businesses, accelerated depreciation schedules further drive down net costs. These tax and balance sheet incentives deserve careful consideration from your well versed accountant, James Elliott. Financing from US PIPE AGENCIES is widely available as well as, for property owners in Sonoma County, financing directly from the County through the Energy Independence Program (SCEIP). Lease and other ownership options are also available but should also be carefully scrutinized by Mr. Elliott for applicability to your financial situation. Further, yet more peripheral, benefits of solar electric systems include enhanced property value, perceived environmental attributes, business marketing opportunities and technological appeal.
Of primary concern to a property or business owner is how to determine what the real economic value of their solar investment will be as well as ensuring quality construction at the right price.
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