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The abundance of incentives currently available make this the best time ever to invest in a renewable energy solution for your business or home. System payback for solar PV is now only 3-5 years for commercial installations and 8-10 years for residential installs! The charts below summarize some of the most common incentives, but please feel free to contact us, your tax professional, or your utility company for more information. The DSIRE web site is also a great resource for info regarding renewable energy incentives. Please view our pricing pages for some examples of what your net cost may look like after some of these incentives have been applied
| Commercial Incentives |
| |
Solar PV |
Wind |
Solar Thermal |
| 30% Federal Tax Credit (ITC) |
No Cap |
No Cap |
No Cap |
| 35% GA State Tax Credit |
Max $500,000 |
Max $500,000 |
Max $100,000 |
| 30% Federal Grant |
No Cap |
No Cap |
No Cap |
| 35% GA State Rebate/Grant |
Max $500,000 |
Max $500,000 |
Max $100,000 |
| Fed MACRS Depreciation |
Accelerated Bonus + MACRS depreciation allows your business to depreciate 60% of the cost in the first year and the remainder over the remaining 4 years. |
| 40% TN State Grant |
Min $5,000, Max $75,000 |
Min $5,000, Max $75,000 |
Min $5,000, Max $75,000 |
| 35% NC State Tax Credit |
Max $2.5 Million |
Max $2.5 Million |
Max $2.5 Million |
| Utility Production Incentives |
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Details |
| TVA - Green Power Switch Generations Partners Program |
Tennessee Valley Authority (TVA), through participating TVA power companies, offers a production-based incentive program that is $1000 + $0.12/kWh above the retail rate for solar PV and $0.03/kWh above the retail rate for wind. |
| Georgia Power - Solar Buyback Program |
Georgia Power offers a production-based incentive that is $0.1831/kWh up to 10 kW for residential and up to 100 kW for commercial. All power generated must be sold back to the grid to participate in this program. |
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