Business Energy Investment Tax Credit or Grant in Lieu
Businesses that cannot benefit from an Investment Tax Credit (ITC) now have an opportunity to receive a ‘cash’ Grant in Lieu. Through Section 1603 of the American Recovery And Reinvestment Plan, the federal government will reimburse 30% of the costs of a Solar Thermal system. Applications can be submitted as soon as the system is placed in service and must be received before October 1, 2011. The online grant application is available at http://www.treasury.gov/recovery/1603.shtml. The Treasury makes payments to applicants within 60 days after the application is received.
U.S. Department of Treasury (202) 622-2000 This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Download Tax Documents
Section 1603 Guidance Document (PDF)
Section 1603 Terms & Conditions (PDF)
Section 1603 Application (PDF)
CA Public Utilities Commission (PUC) Solar Thermal Rebate
The PUC has allocated a $290 million for rebates, with 60% dedicated to commercial building owners who install Solar Water Heating System (SWH) that displace natural gas. The maximum rebate is $500,000 per building. Performance monitoring and metering equipment are required for systems that displace over 30kWh or more then 15 solar collectors. Beginning June 1, 2010, applications may be submitted after the SWH system is placed in service. The rebate will be requested on line (similar to PV rebates) and is calculated based on estimated first year Therm displacements. Rebates checks are sent 60 days after the application is approved. Citizen Green Solutions handles the rebate process for all of its' clients.
Internal Revenue Service (IRS) Depreciation Documents
Under the federal Modified Accelerated Cost-Recovery System (MACRS) businesses may recover investments in commercial solar thermal and PV through depreciations over a five-year period. Download these documents for complete details on MACRS depreciation.
Section 179 Instructions (PDF)
IRS Form 4562 (PDF)
Commercial Solar Photovoltaic (PV)
Clients with solar systems between 50 kW and 1 MW must apply for the Performance Based Incentive (PBI) structure. PBI incentives are a five-year stream of fixed monthly payments determined by the actual output of the system, as metered and reported to the utility. After January 1, 2010, all systems greater than 30 kW must choose the Performance Based Incentive structure. The payment rate decreases over time when certain pre-set target levels of commercial solar have been installed.
Let us answer your questions. Contact: Citizen Green Solutions 707-576-1000 This e-mail address is being protected from spambots. You need JavaScript enabled to view it
