Projects under $1 million can receive up to 50% of the total installation costs (max $500,000). Projects over $1 million can receive up to 30% (max $20 million).
The tax credits and depreciation (commercial only) are the primary benefits available to help offset the installation cost. However, several state and utility company grants are available depending on your location. Your Paradise Energy Solar Consultant will guide you...
Yes, but you’ll lose thousands in tax credits. Solar will still save you money on electricity, but losing the tax credit will drastically impact your investment payback.
For homeowners, the federal tax credit covers 30% of the total cost of the system. On an average residential system, this would equate to $7,000 to $15,000 in tax savings. The benefits are a bit sweeter for commercial systems with a tax credit ranging from 30%...
