With a 30% federal tax credit and a 40% bonus depreciation for 2018, now is an excellent time to add solar as a business investment!
The average business requires a 10 kW system, or 1,000 square feet of solar modules. The cost of installing a system that size is as follows:
A 10 kW watt commercial system
$35,000 Cost of system before rebates
-$10,500 30% Federal tax credit
– $7,437 Total System MACRS Depreciation over 5 years, assuming a 25% tax bracket.
$17,063 Net System Cost (a 49% savings)