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Commercial Pennsylvania Solar Financial Benefits

Pa Sunshine Rebate Program

The Pa Sunshine Rebate Program is a state run program that helps make solar energy more affordable for Pennsylvania small businesses. PA gives .75$/Watt of power generation rating of a given system. For example a 10,000Watt system will receive a $7,500.00 check after the installation is complete and inspected by the PA sunshine program. The system must be installed by a certified PA Rebate installer to qualify for the Rebate. The Rebate value is paid directly to the home owner once the system is inspected and connected to the grid. This Rebate might be counted as taxable income so check with your tax advisor for more information.

Tax Credit or Grant

The federal government offers a corporate tax credit or federal grant for 30% of system and installation cost with no upper limit. According to the IRS the tax credit is a nonrefundable tax credit that carries forward until 2016. Or you can register for the federal grant and receive a check for 30% of your installation cost. The grant does not add to the income of the company so it should not be taxed.

Energy Generation

Your system creates electrical energy that you can use in your home. This energy usage offsets the amount of energy you use from your utility company and your utility bill goes down. If you create more energy then you use you can sell it back to the electric company at a profit! The electric companies are required to buy back the energy you create.

Solar Alternative Energy Credits

SAEC is a "Solar Alternative Energy Credit". An SAEC is earned when a qualified facility generates 1000kwh of electricity through either estimated or actual metered production. It is a tradable certificate that represents all the clean energy benefits of electricity generated from your facility. An SAEC can be sold or traded separately from the power. States are mandating that the utility in their states must keep a minimum renewable energy amount in their portfolio. If the electric companies do not meet this quota they are fined a certain amount for each 1000kwh they are under their quota. The utility companies are allowed to purchase the SAEC s from other sources in their state to offset their deficit. The current average sale price in PA is about $290.00ea.

Commercial New Jersey Solar Financial Benefits

Tax Grant or Tax Credit

The federal government offers a corporate tax credit or federal grant for 30% of system and installation cost with no upper limit. According to the IRS the tax credit is a nonrefundable tax credit that carries forward until 2016. Or you can register for the federal grant and receive a check for 30% of your installation cost. The grant does not add to the income of the company so it should not be taxed.

Solar Renewable Energy Credit (SREC)

For every megawatt of electricity you generate you will receive one energy credit, whether for your home or business. Credits are then traded through an open market exchange, similar to a stock market. Supply and demand sets the price. SREC return alone nearly covers the cost of the system in 8 years, estimated at only 70% of the projected value! Current value goes for between $650.00 and $700.00.

No Sales Tax

New Jersey offers a full exemption from the state's sales tax (currently 7%) for all solar energy equipment. This exemption is available to all taxpayers. All major types solar energy equipment, including equipment for passive solar design.

No Energy Tax

The state cannot tax any electricity generated from your solar system, so that means when you look at your monthly bill, the amount generated using the sun will be tax free.

No Property Tax

Solar system homeowner's are eligible for property tax exemption. In order to claim the exemption, property owners must apply for a certificate from their local assessor which will reduce the assessed value of their property to what it would be without the renewable energy system. Exemptions will take effect for the year after a certification is granted.

Energy Generation

Your system creates electrical energy that you can use in your home. This energy usage offsets the amount of energy you use from your utility company and your utility bill goes down. If you create more energy then you use you can sell it back to the electric company at a profit! The electric companies are required to buy back the energy you create.

Our Mission

To provide our customers with affordable energy while reducing our carbon footprint.

Contact

For more information about solar energy and how solar can save you money..

  • Sonic Solar Energy
  • 1201 Centre Street
  • Easton, PA 18042

info@sonicsolarenergy.com

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