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Take advantage of the most generous solar incentives yet!
Right now, businesses can receive a 26% Federal Tax Credit to offset income taxes. That means significant savings you can use to reinvest back in your company in whichever way you see fit. That’s guaranteed cash in the bank at the end of the year that your company otherwise wouldn’t have. How often are you offered a deal with a guaranteed return on investment like that?
Rebates Extended and Upgraded – Temporarily
As an added bonus, if you get hit with the Alternative Minimum Tax, this credit allows No rebates last forever though and the clock is ticking on eligibility for federal solar incentives. The current rebate system, originally enacted in 2008, was granted a multi-year extension in 2015 with the passage of the Omnibus Appropriations Act (P.L. 114-113). As a result, the new “commence construction” language replacing “placed-in-service” extends these tax credits to projects completed by the end of 2023.