Commercial Solar Panel Installation in TX | Longhorn Solar
Start saving your business money today with Commercial Solar Panel Installation in Texas with Longhorn Solar - Click Here to get a FREE quote!
san antonio,austin,commercial solar installation,longhorn solar,texas,tx,renewable energy
15427
page-template-default,page,page-id-15427,ajax_fade,page_not_loaded,,footer_responsive_adv,qode-theme-ver-10.1.1,wpb-js-composer js-comp-ver-5.0.1,vc_responsive
 

Small Commercial Solar

Looking for tax breaks and to improve your net operating income?

 

Ready to enhance you brand’s image and stand out from the crowd?

 

Going solar can transform your business.  We’ll show you how.

Think going solar might be too expensive?  Your business can qualify for local utility rebates PLUS major tax incentives.

 

In fact, there are TWO incentives.

 

The 30% Federal Tax Credit

 

and

 

Significant Tax Deductions

The U.S. tax code allows for a tax deduction for the recovery of the cost of tangible property over the useful life of the property- including solar arrays.

 

Qualifying solar energy equipment is eligible for a cost recovery period of five years.

 

For equipment on which an Investment Tax Credit (ITC) or a 1603 Treasury Program grant is claimed, the owner must reduce the project’s depreciable basis by one-half the value of the 30% ITC. This means the owner is able to deduct 85 percent of his or her tax basis.

Solar Ground Mount

Bonus Depreciation

 

In response to the economic downturn of 2008, Congress took action to further incentivize capital investment by accelerating the depreciation schedule economy-wide. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 allowed companies to claim a 100% depreciation bonus on qualifying capital equipment purchased and placed in service by December 31, 2011. Congress included an extension of 50% bonus depreciation in early 2013 in the so-called “fiscal cliff” deal, which was scheduled to expire at the end of 2013. Under 50% bonus depreciation, in the first year of service, companies could elect to depreciate 50% of the basis while the remaining 50% is depreciated under the normal MACRS recovery period. At the end of 2014, Congress passed a retroactive extension of 50% depreciation such that companies that placed qualifying equipment in service through December 31, 2014 were eligible for 50% bonus depreciation.

 

In December 2015, Congress passed the Protecting Americans from Tax Hikes Act of 2015, which included a 5-year extension of bonus depreciation, including a phase-out that is structured as follows: 2015-2017: 50% bonus depreciation; 2018: 40%; 2019: 30%, 2020 and beyond: 0%.

Some of you qualify for grants as well.

 

The USDA and LCRA grants help cover the cost of going solar.

 

We can help you navigate that process.

On top of amazing incentives, your property value will rise with solar, but it wont impact your property taxes.

 

That’s right.

 

Your property value will go up, but you wont be taxed on that increase.

 

 

Bottom line- solar is great investment for your business.

 

We’d love to talk with you about its benefits in more detail and how we make going solar simple.

 

 

 

Call us today at 512-837-4800  or click below to reach out.