Companies in Northeast Indiana are beginning to take advantage of the many benefits of solar power. With a 26% Federal tax credit, grouped with 5-year depreciation and the lower market prices seen over the past few years, we can offer many businesses the option to install systems that pay for themselves within 5 to 7 years*. For a product that is proven to last and warrantied for 30 years, it provides a very sound investment.
Clean and simple method of producing electricity
Once these systems are installed, they are ready to go. We can install solar PV systems with a seamless integration that are mounted on the roof or ground to optimize location. Our process of roof-mounting is minimally invasive and installations are performed by qualified technicians.
Solar modules last 30+ years and include warranty
We provide high-quality solar PV panels. Aside from looking cleaner, they are more efficient, are built with higher-quality materials and they last longer than cheaper alternatives. Your return on investment will be higher and its benefits will be long lasting.
All of our solar PV products come with warranties and last for decades with little to no service calls!
Avoid C02 Emissions
A 10kW solar system can prevent over 12 tons of carbon dioxide from being emitted into the atmosphere every year. That would be over 360 tons over the life of the system.
Reduce your electric bill and improve property value
One reason many people are interested in Solar PV is for concerns of the environment. However, Solar PV is not just for the eco-conscious.
Adding a system to your property can increase its value if you ever decide to sell. It can cut your energy costs substantially.
Batteries are no longer needed
As many people have thought about adding Solar PV to their home, they were once told that they need a battery system and are high maintenance... that is no longer the case.
Direct connection to the utility is the best method of using the sun's energy. This allows us to connect your system to the utility company's grid. When you need extra energy, you pull it from the grid; when you produce extra energy, you push it back and receive credit on your bill.
26% Federal Tax Credit
There is currently a Federal Tax Credit available for residential solar installations. 26% of the total installed cost can be reimbursed through a tax credit, as long as you have federal tax liabilities. A property tax exemption an also be applied in Indiana.
The United States Department of Agriculture provides REAP grants for Solar PV installations in rural areas with populations of less than 50,000. Covering up to $500,000, a maximum of 25% of of total installed cost can be covered by the grant. Pair this with the 26% Tax Credit and your solar system can be installed for 45% of the total cost!
The USDA also provides loan guarantees for solar.
Many private organizations are also distributing grants for installation of renewable energies. Many of these programs can be found from DSIRE's website, a database for renewable incentives. Search by State and Federal incentives to find the most options available to you and your business.
By state law, Indiana requires private utilities to provide a Net-Metering program to its power-producing customers. Local city and coop utilities are not mandated by the state to provide a net-metering program, but many are taking the initiative on their own and providing options to their residents.
Some utility companies have other financial incentives available in replacement of Net-Metering. NIPSCO, for example, has what is known as a Feed-In-Tariff (FIT) Program. Visit their site to learn more about these types of programs.
Depreciation of Solar PV
The U.S. tax code allows for tax deduction of solar energy production equipment when installed for your business. This decreases the time it takes to pay off your system. Typically businesses can use a 5 year straight line depreciation, though it is best to research which methods are best for your current business standing.