How Businesses Can Get Up to 50% in Solar Tax Credits
For manufacturing facilities and large operations dealing with high energy bills, solar energy is becoming an increasingly smart option. Not only can it help slash energy costs, but recent updates to federal incentives mean you can now get back up to 50% of your solar investment in tax credits. Let’s break down what’s on the table and how you can take advantage of these incentives.
Three Key Tax Credits You Need to Know About
Here are three major tax incentives that can significantly lower the cost of going solar:
- 30% Investment Tax Credit (ITC): This is the backbone of solar tax credits, letting you deduct 30% of your solar installation costs from your federal taxes.
- 10% Energy Community Zone Bonus: If your facility is located in an area designated as an “Energy Community Zone,” you can add another 10% on top of the ITC.
- 10% Domestic Content Adder: This new incentive provides an additional 10% tax credit for projects that use equipment that qualify as “domestic”. With this adder now available in many parts of the country, it’s a great time to make the most of domestic products.
Finding the Right “Equipment Mix” to Maximize Your Credits
To maximize these incentives, the key is getting the right mix of equipment—what we call the “equipment soup.” This means selecting the right solar panels, inverters, and other components that not only perform well but also qualify for the Domestic Content Adder and Energy Community Zone bonus. At Commercial-Solar.org, we specialize in helping clients find this perfect mix to make sure they’re getting every dollar of tax credit they’re eligible for.
Getting Certified for the Domestic Content Adder
The Domestic Content Adder is an excellent new way to increase your return on investment, but there’s a catch: you need to use equipment that meets specific domestic manufacturing requirements. Don’t worry, though—we handle the details. We work with manufacturers to get the necessary certification letters, ensuring your project qualifies without a hitch.
Why Act Now?
Combining these tax incentives can make your solar project eligible for up to a 50% tax credit. That’s a huge discount, but these opportunities are time-sensitive. If you’ve been on the fence about going solar, now is the perfect time to take a serious look at the numbers. A customized solar proposal will show you just how much you can save.
Get Your Customized Solar Proposal from Commercial-Solar.org
Interested in seeing what a solar project could look like for your facility? At Commercial-Solar.org, we provide detailed solar proposals that are tailored to your energy needs and goals. We’ll guide you through the process of optimizing your equipment choices and ensuring full compliance with all the tax credit requirements. Reach out today and let’s explore how much you could save on your energy costs!
Final Thoughts
With rising energy costs and these new tax incentives, it’s clear that solar is more accessible and cost-effective than ever for manufacturing facilities. By leveraging the 30% ITC, the 10% Energy Community Zone bonus, and the 10% Domestic Content Adder, you can significantly lower your energy expenses while making a positive impact on the environment. Don’t miss out on this chance to make a smart financial move for your business. Contact Commercial-Solar.org today and get started!