CA. solar tax credit [RE-wrenches]

[Joel Davidson]

Marco,

California residential utility electricity customers who install qualifying PV systems are eligible for:
(a) the buydown rebates available in their local utility area (SB90)
(b) and the 15% state tax credit (CA Tax Code 17053.84 & 23684)
resulting in a simple payback of less than 10 years.

California businesses that install qualifying PV systems are eligible for:
(a) the buydown rebates available in their local utility area (SB90),
(b) self-generation incentives available in their local utility area and if the system is over 30 kW (AB970),
(c) 10% federal investment tax credit (USC Section 48),
(d) 15% state tax credit (CA Tax Code 17053.84 & 23684),
(e) 5 year federal accelerated depreciation (USC Section 168),
(f) 30% federal depreciation first year bonus (Job Creation & Work Assistance Act of 2002),
(g) and 5 year state accelerated depreciation (CA Tax Code)
resulting in a simple payback of less than 8 years and often a 20% IRR.

In addition, California PV systems:
(a) are protected by a strong solar access law,
(b) are property tax exempt,
(c) add $20/kWh/year appraised value to the property,
(d) are a hedge on inflation,
(e) and provide businesses with valuable marketing publicity.

In other states, businesses that install commercial PV systems are eligible for:
(a) buydown rebates if available in their local utility area,
(b) 10% federal investment tax credit (USC Section 48),
(c) 5 year federal accelerated depreciation (USC Section 168),
(d) 30% federal depreciation first year bonus (Job Creation & Work Assistance Act of 2002),
(e) and other incentives available in their state (see http://www.dsireusa.org/ ).

Commercial PV systems don't cost money; they make money. There are only 3 reasons why more businesses don't go solar:
(1) no interest in solar,
(2) no solar site,
(3) no money for initial investment.
...so sell more commercial PV systems :-)

Happy sales,
Joel Davidson
(Sunshine will get you through days with no oil better than oil will get you through days with no sunshine.)

"Mangelsdorf, Marco" wrote:

> Is the 15 percent solar tax credit in California available to businesses?  Or is it only available to individuals?
>
>
>
> Thanks,
>
> Marco
>
> ProVision Technologies, Inc.
>
> Hilo, the Aloha State
>
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