Federal Tax Credit - 26% of the systems cost

Depreciation - Solar systems can be depreciated using either a 5 year MACRS schedule or 100% Bonus Depreciation for systems installed after 9/27/11. The tax basis for depreciation is equal to the total system cost, minus 50% of the federal tax credit, and is valued at approximately 15% of the systems cost.

State & Local Incentives - Vary per state and city the installation will be located. Many states have rebates available and some cities offer tax abatements for going solar.

With a simple payback of 6 to 8 years, many tri-state businesses are turning their eyes to the sun and SunPower.