More than 4.3 Megawatts of Solar Energy Planned, Designed & Delivered by Our East Coast & West Coast Companies.  

Mehr Solar of Inland Empire - Ken Jones; kJones@mehrSolar.com

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Agricultural - Tax Credits and Rebates

Rebates and tax credits currently equal nearly 50% of the cost of your solar system. Take advantage of these incentives as well as all the other available benefits of solar energy systems:

Solar energy is one of our state's most abundant - and least utilized - renewable resources. The California Solar Initiative offers cash incentives on solar systems - currently, $2.50 a watt for Agricultural use.  California Solar Initiative incentives, combined with federal tax incentives, can cover up to 50 percent of the total cost of a solar system for your farm.

A solar electric system, combined with energy efficiency improvements, can substantially reduce your electric bill. Right now, your system can qualify for $2.50 a watt-30% of a typical installation! Click here to learn how solar and energy efficiency can save you money.

  • Additional State Incentives for Commercial Use: 
    As an example for a state, the following two choices of incentives applies to California companies by the three state municipalities of SCE (Southern California Edison), SDG&E (San Diego Gas & Electric) and PG&E (Pacific Gas & Electric):

    • Expected Performance Based Buydown (EPBI) Incentives:
      As of 4/3/2008, the EPBB pays a one-time up-front incentive of $1.55/WattAC of the system purchase price for Commercial use.

    • Performance Based Incentives (PBI):
      The PBI payment will be made on a monthly basis over the 5-years period. These payments will be $0.22 per-kWh of the actual energy (kWh) produced by the system.

    Please note that the above rebates are subject to drop every six months. But as soon as the incentives are filed, the home owners are locked-in with the current rate. All system must be interconnected through participating utilities.

  • Federal Incentive:
    Beside the state incentive, the following federal incentive also applies to solar system owners:

    • One time Federal Tax credit of 30%,

    • Exemption from property tax increase,

    • Federal 5-year accelerated depreciation for solar equipment

    • Protect your business against energy rate increases,

    • Solar installations will increase the value of your business property by two to three times the cost of the system while you benefit from legislative protection prohibiting county property tax increased related to the installation, 

System pay-back periods are within 4 to 7 years, Loan interest deductions are available; see your tax consultant—this equates to approx. 500% return on investment over the life of the system.

 

 
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