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).
Renewable Energy Production Incentive
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 kW. Though available through 2026, this incentive is subject to annual federal appropriations
USDA Renewable Energy Grant
This 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.
State of Florida Commercial Solar Incentive
Solar equipment, installation labor, and its requisite hardware are exempt from Florida state sales and use tax.