Solar with a 1-Year Payback: Is It Possible?
Free Webinar by Colite Technologies!
We answered the question – can you get a solar project with a 1 year payback?
Solar PV projects are the next big investment for many businesses. A decreased energy bill and smaller carbon footprint is enticing, but what about the return on investment? With new tax credits, bonuses, and financial programs supported by the Inflation Reduction Act, solar becomes a possibility for businesses in all industries.
Follow along as Colite Technologies leads you through a sample solar project demonstrating various incentives available to reduce project costs.
You will learn about:
- 30% federal business Investment Tax Credit (ITC) and ITC bonuses – $100,000 tax credit!
- 25% South Carolina corporate renewable energy systems tax credit – $35,000 tax credit!
- Federal and state Modified Accelerated Cost Recovery System (MACRS) with 80% bonus depreciation – $44,625 tax savings!
- 50% Rural Energy for America Program (REAP) grant – $125,000 grant!
This sample solar project resulted a 1 year payback.
To review the webinar recording and slide deck, please submit the form below. We will not sell your information, but we may reach out with solar information beneficial to you and your company!