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SERIOUS SOLAR

COMMERCIAL INCENTIVES | PROFIT FROM PV

The purchase of a solar electric system for your business may well be one of the smartest investment decisions you make this year. Solar tax credits and incentives are at their highest levels ever. For Oregon companies with tax liabilities (i.e. profitable businesses) the simple payback on an optimally designed commercial-scale solar electric system can be as little as 36 months if installed in calendar year 2008.

This rapid payback is principally a result of the following financial incentives for commercial solar electric systems:

30% Federal Investment Tax Credit (ITC) taken in Year-1
Optional IRS Section 179 expensing in Year-1 for eligible businesses
50% bonus depreciation in Year-1
Six year accelerated depreciation of remaining depreciation basis
50% Oregon Business Energy Tax Credit (BETC) on maximum eligible system cost, taken evenly over the first five years
Up-front cash incentives from the Energy Trust of Oregon for customers of Portland General Electric and Pacific Power
Recently increased net-metering limits in Oregon
State property tax exemption