Solar Pensacola
Panama City Beach Solar Residential

Commercial Solar Incentives

Modified Accelerated Cost-Recovery System –  A structure or major piece of equipment built or installed to permanently add value and capacity to a commercial property, such as a PV system, can qualify for accelerated depreciation tax advantages through the 5-year Modified Accelerated Cost Recovery System (MACRS).

Energy Tax Credit   Through 2016, businesses are eligible for a federal tax credit equal to 30% of the installed cost of a solar electric system or solar water heater.  There is no tax credit cap on solar electric system or solar water heater installations.

Renewable Energy Production Incentive (REPI) The Federal Energy Production Tax Credit can be claimed for the first ten years of your system operation.  Financial incentive payments for electricity produced and sold is $0.015 per kWh.  Though available through 2026, this incentive is subject to annual federal appropriations.

• USDA Renewable Energy Grant  The USDA Rural Energy for America Program (REAP) is offering Guaranteed Loans, Grants and combination Grant/Guaranteed Loans to help agricultural producers and rural small businesses take advantage of renewable energy in rural areas. The grant will pay for 25% of the total eligible renewable energy project costs.  If financing is necessary, the guaranteed loan will finance up to 75% of the project costs.  Compass Solar Energy is well-versed in the world of renewable energy system grants and loan guarantee program processes. Contact us today to get started. The process can take a while, so it is best to get going as soon as possible. Please call 850-439-0035 or email if you would like USDA REAP information or a more detailed analysis of costs for your particular application.

State of Florida Commercial Solar Incentives

Solar Equipment Sales Tax Exemption Solar equipment, installation labor, and its requisite hardware are exempt from Florida state sales and use tax.



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