Successful business owners understand the importance of making their business as vital and sustainable as possible. Having a firm grip on the cost of operation, many business owners and organization leaders are eager to find some sense of energy security. Increased power rates equate to higher electricity bills, which inherently results in a lower bottom line. What many business owners are unaware of is the opportunity to substantially offset the cost of installing solar in both the commercial and non-profit sectors -- ranging from cash incentives on the state level from Energy Trust of Oregon to tax credits on the federal level to the chance to obtain grant funds from multiple sources. Energy Trust of Oregon even offers a cash incentive to businesses and non profits to conduct a feasibility study (Solar Development Planning) to see if solar is the right option for your business or non profit. From farms and ranches, to manufacturing facilities and educational institutions, to professional offices and sports parks, EcoSolar and Electric has extensive experience installing both smaller and mid-sized commercial solar photovoltaic (PV) systems throughout the Klamath Basin. Our company has several years of successful grant writing experience and also handles all incentive processing in-house. Let us know if you are interested in exploring solar as an option for your business or organization. Please see below for details regarding the Energy Trust of Oregon cash incentive and the federal tax credit available for businesses and organizations installing solar. Contact our team today to see if your business or organization can benefit from Energy Trust of Oregon's Solar Development Assistance.
Federal Tax Credit:
Tax Credit: 30% of ELIGIBLE cost
30% of out of pocket cost OR 30% of total job cost minus any cash incentives, rebates or grants
Can be taken all in one year
Can also take accelerated depreciation over five years-MACRS (Modified Accelerated Cost Recovery System)