Use innovative solutions to respond to the continually rising costs of energy! Installing a commercial solar power system on your roof or ground can be a big boost for your bottom line. In the short term, your business will benefit from immediate tax credits, cash incentives and energy savings. In the long term, your business can hedge against volatile energy prices, increase the value of your commercial property and significantly reduce the carbon footprint of your operations.
Our experienced team of solar professionals are the leading designers and installers of best-in-class commercial solar power systems in Southern Oregon. From Rogue Valley Airport to Mount Ashland Ski Area, businesses large and small are turning to True South to go solar. Give us a call to today to get your solar ROI including a breakdown tax credits, cash incentives, energy savings and cash flow examples.
SunPower Helix™ is the world’s first fully-integrated commercial solar platform designed and engineered end-to-end by one company. SunPower panels are so efficient that they set the world record, delivering up to 60% more energy from the same space than conventional panels. Their seamless all-in-one systems are simple, durable and backed by a 25-year warranty.
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Commercial tax credits and cash incentives are available in Oregon. When you couple these financial benefits with Southern Oregon’s exceptional solar resource, installing a solar-electric system is a slam dunk. Are you ready to turn your business’ tax liability into an income stream? Get a breakdown of commercial tax credits, incentives and cash-flow examples.
Pacific Power customers are eligible for cash incentives from the Energy Trust of Oregon (ETO). ETO incentives are based on system size:
Project size cap: 200 kW
$0.25/watt – $0.20/watt
$20,000 maximum incentive (nonlinear incentive rate calculation).
ETO incentives are subtracted directly from the client’s gross system cost and paid directly to the ETO Trade Ally contractor.
City of Ashland customers are eligible for cash incentives based on system size:
$0.75 per watt, with the incentive capped at $7,500. (Dependent and no shading between 10am – 2pm)
City of Ashland incentives are paid directly to the customer after installation.
Tax credits reduce the amount of tax owed, dollar for dollar. They are also as good as cash for a tax refund.
The Federal Energy Investment Tax Credit (FITC): is a 26% tax credit calculated on the system’s costs. This tax credit can be taken in year one, or carried forward a maximum of 20 years. Receiving the FITC is as simple as the client, or client’s accountant, filling out the appropriate IRS form.
The USDA’s Rural Energy for America Program (REAP) Renewable Energy System and Energy Efficiency Improvement Guaranteed Loan and Grant Program provides financial assistance to agricultural producers and rural small businesses to purchase, install, and construct renewable energy systems.
REAP grants are written and submitted by paid Resource Consultants. All “rural” businesses are eligible and do not have to be affiliated with the USDA. In general, businesses in Southern Oregon outside of the Medford/Phoenix city limits are eligible. The maximum Renewable Energy System Grant request is 25% of eligible project costs or $500,000, whichever is less.
AMT—The Energy Improvement and Extension Act of 2008 (H.R. 1424), enacted in October 2008, allows taxpayers to take the federal credit against the Alternative Minimum Tax (AMT).
All incentives and tax credits are subject to change. Please consult with your tax advisor to assess your business’s eligibility for various programs and tax incentives.
Please contact True South Solar for detailed information about what programs might best suit your project.