Renewable energy and energy efficiency solutions are now more
affordable than ever thanks to the abundance of available rebates and
incentives.
View the Residential, Commercial, or Builder incentives that may be available for
you, or to learn more about how you can take advantage of
these great incentives, call the SRE Energy Experts at
(918) 876-4300.
Residential
Solar Electric (PV)
Systems
Federal Income Tax
Credit
A federal income tax credit of
30% of the system cost is available for solar electric (PV)
systems.
Please contact us for a quote for
your home.
Solar Water
Heating (Thermal) Systems
Federal
Income Tax Credit
A federal income tax
credit of 30% of the system cost is available for solar water heating
(thermal) systems.
Please contact us for a quote for
your home.
Wind Energy
Systems
Federal Income Tax
Credit
A federal income tax credit of
30% of the system cost is available for wind energy systems.
Energy
Efficiency – Air Conditioning, Heating, Insulation, and
Other Energy Efficiency
Improvements
Federal
Income Tax Credit
A federal income tax
credit of up to $1500 is available for qualified home energy efficiency
improvements such as insulation, high-efficiency air conditioning
systems, high-efficiency heat pumps and
more.
To learn more about qualifying for these
rebates, please contact
us.
Commercial
Treasury
Grant
Commercial projects may opt to apply for a
Treasury Energy Grant in lieu of the investment tax credit (ITC). This
applies to equipment placed in service by December 31, 2010 or
construction has begun by December 31, 2010 and is completed by
December 31, 2013. The grant is paid out by the Treasury within 60 days
of the project completion and application is
filed.
Solar Electric
(PV) Systems
Federal Business Tax
Credit
A federal business tax credit
of 30% of the system cost is available for solar electric (PV)
systems.
Please contact us for a quote for
your business.
Solar Water
Heating (Thermal) Systems
Federal
Business Tax Credit
A federal tax
credit of 30% of the system cost is available for solar water heating
systems.
Wind Energy
Systems
Federal Business Tax
Credit
A federal tax credit of 30% of
the system cost for wind turbines less than 100 kW is available for
wind energy systems.
Solar Electric (PV), Solar Water Heating (Thermal) and Wind
Energy Systems
Federal 5 Year
Accelerated Depreciation
Schedule
Under the federal Modified
Accelerated Cost-Recovery System (MACRS),
businesses may recover the cost of a solar electric, solar water
heating, or wind energy system on an accelerated 5-year schedule. In
2008 and 2009 the above investments qualify for the 50% Bonus
Depreciation schedule. The owner is entitled to deduct 50% of the
adjusted basis of the property in the first year of operation. The
remaining 50% of the adjusted basis of the property is depreciated over
the ordinary depreciation schedule. The Depreciation Basis is
calculated as the System Installation Price – (1/2) Federal Investment
Tax Credit.
Builders
Energy
Efficiency
Federal Tax Credit – Energy
Efficient Homes
Tax credits of up to
$2,000 are available to builders for construction of new
energy-efficient homes.
Homes qualify for a $2,000
credit if they are certified to reduce energy consumption by 50%
relative to the International Energy Conservation Code (IECC) standard
and meet minimum efficiency standards established by the Department of
Energy.
Building envelope component improvements
must account for at least 20% of the reduction in energy consumption,
but specific energy efficiency measures are not
restricted.
The
statements contained herein are not intended to and do not constitute
an opinion as to any tax or other matter, and may not represent all
potential incentives available to you. You should consult
your tax advisor with respect to any taxes or incentives that you may
qualify for.
