Commercial Incentive Overview
San Francisco Bay Area Commercial Solar Panels
Solar today has become more affordable, reliable, hassle-free, and compelling than ever. As a business, taking advantage of solar can be extremely beneficial. Cobalt Power Systems Inc. is an established San Francisco Bay Area solar company that has installed more than 3,300 solar photovoltaic (PV) systems throughout the Bay Area.
- Investment Tax Credit (ITC): Businesses that install solar PV systems are eligible to receive a tax credit in the amount of 30% of the total PV system cost.
- Federal MACRS + Bonus Depreciation: Under the federal Modified Accelerated Cost Recovery System, businesses may recover investments in certain properties through depreciation deductions. MACRS establishes a lifespan for various types of property over which the property may be depreciated. For solar PV systems, the taxable basis of the equipment must be reduced by 50% of any Federal tax credits associated with the system.
- State of California Modified Accelerated Cost-Recovery System (MACRS): Under the Modified Cost Recovery System, businesses may recover investments in certain properties through depreciation deductions. The MACRS establishes a set of class lives for various types of property over which the property may be depreciated.
Here at Cobalt Power Systems Inc., we have a wealth of experience with all types of systems, including grid-tied, energy storage, roof mount, ground mount, and pole mount.