Take Advantage of Solar Energy Incentives
Federal and state solar energy incentives can dramatically reduce the cost of shifting your business to solar. And by doing your state paperwork for you, we ease the path to a faster investment return.
In all cases, we recommend that you work closely with your accountant or tax professional who will be more familiar with how the potential benefits of these incentives relate to the unique circumstances of your particular tax situation.
26% Tax Credit and Depreciation
Good through 2023
Applicable to all new renewable energy systems
Based on the full system price paid
Taken for the tax year that the system was completed.
Commercial tax credit can roll forward for up to 20 years.
MACRS Accelerated 5-year Depreciation
Commercial renewable energy systems can be depreciated according to the accelerated 5-year MACRS depreciation
schedule which, depending on your business’s tax bracket, can help reduce your system payback rate even faster. Currently,
100% bonus depreciation in Year 1 is also possible.
- State Investment Tax Credit of 6.24% of commercial system cost.
- Includes industrial and farm systems.
- Credit may be carried over for 5 years.
( NOTE: This credit can not be utilized by all business entities — check with your accountant )
The NH Public Utility Commission (PUC) may have incentive funding available.
Check out the current NH Renewable Energy Incentives here.