Thanks to recent legislation, the federal governments offer big incentives for homeowners and businesses that invest in solar power. The vast majority of our installations are cash purchases by our San Francisco Bay Area solar customers. You get the best return on investment by purchasing and owning your systems, including the 30% federal tax credit. If it is a commercial system, you also get to use accelerated depreciation over just six years on the PV system, with 50% bonus depreciation in year one. These two government incentives alone can pay for 50% to 60% of the total cost of the system.
Finally, if Renewable Energy Credits (RECs) become active in California, the owner of the system gets the RECs. These can be thousands to tens of thousands of dollars per year for the life of the system. For all these reasons, ownership provides by far the best financial return on a PV system.
For commercial customers who prefer to not own their PV system, or for nonprofits that cannot use the tax benefits, Cobalt Power Systems Inc. offers zero cost Power Purchase Agreements (PPAs).
Are you ready to go green and start saving today? Learn more when you call our San Francisco Bay Area solar energy experts at (650) 938-9574. You can also contact us online.