• October

    13

    2015
  • 1436
  • 0
Save Money! Look at these Solar Power Incentives for Fast ROI

Save Money! Look at these Solar Power Incentives for Fast ROI

If you live in the State of Iowa, then take a few minutes to read this informative article on why it makes sense to consider solar. With available tax credits and other incentives, it’s possible to see ROI on your investment within 5 years.

AVAILABLE STATE AND FEDERAL TAX CREDITS

Now available is a 30% Federal Tax Credit that is dollar for dollar on the cost of solar and can be used in any combination over 20 years! Clients also receive an 15% State of Iowa Tax Credit on the cost of solar that is capped at $20,000 for Businesses and $5,000 for Residential Homes. This tax credit can be utilized as you choose over the next 10 years.
In addition to the tax credits, businesses are also eligible for depreciation based on multiplying the cost of your solar times 85% by your tax bracket (i.e. 25%, 28%, etc.). This amount can be spread out over up to 7 years. You should consult your Certified Public Accountant (CPA) for guidance on all solar credits.

ADDITIONAL INCENTIVES

REAP (RURAL ENERGY FOR AMERICA PROGRAM) GRANT ELIGIBLE

In addition, businesses are also eligible to apply for a REAP (Rural Energy for America Program) Grant. If your application is approved, you will receive a check from the United States Department of Agriculture for 25% of the cost of your project!

IOWA ENERGY CENTER

You can even borrow half the cost of solar interest free from the Iowa Energy Center in Ames for up to twenty years. The loan is coordinated between your bank and the Iowa Energy Center and helps reduce the amount of cash needed at the start.
When you add these up, it’s easy to understand that you can save money on your electricity bills for the next twenty-five to forty years and reduce your state and federal taxes as well. Working with 1 Source Solar will help your business achieve ROI as fast as 1-5 years!

WILL CREDITS EXPIRE AFTER 2016?

No one knows what will happen to the federal and state tax credits after December, 2016 so contact 1 Source Solar today to learn more about these opportunities. I encourage you not to wait because we know the second half of 2016 will be hectic and we want to assist everyone in planning for solar. Call today to schedule your FREE Solar Analysis. Call us at: 515-446-0100

LEAVE A COMMENT

You comment will be published within 24 hours.

Cancel reply

FREE SOLAR ANALYSIS

Contact us today at 515-446-0100 to talk to us in person about your FREE Solar Analysis. If you’re short on time, use our form to send us a quick email.

REQUEST A QUOTE
Latest Posts
Most Viewed
About 1 Source Solar

1 Source Solar provides solar installation for Agiculture, Commercial and Residential. Contact us at 515-446-0100 today!

Iowa Solar, Solar Iowa, Iowa Solar Installer, Iowa Solar Panels

© Copyright 2016 1 Source Solar - Iowa Solar Installer - Solar Iowa