REAP THE BENEFITS OF VIRTUALLY FREE SOLAR
IF YOUR BUSINESS IS IN A REAP DESIGNATED AREA THIS IS WHAT YOU CAN QUALIFY FOR
40%
40% of the Purchase Price of your business’ system can be paid for by using the REAP Grant
30%
30% OR MORE of the Total Cost of your system can be used as an Investment Tax Credit when you file taxes
20%*
*Approximately 20%* of the cost of your business’ system can be recuperated over a 5 year span of Accelerated Depreciation
THIS MEANS YOU MIGHT ONLY PAY APPROXIMATELY 10% OF THE COST TO GO SOLAR
WHAT IS
THE REAP GRANT
If your business is in an area with less than 50,000 people you can qualify for the REAP grant. The REAP Grant is a federal grant under Joe Biden’s $369 billion dollar climate package.
When you receive the grant, the federal government will pay for 40% of the purchase price of your Solar System.
HOW YOU GET
30% BACK AS A TAX CREDIT
Every Solar System purchased in the United States qualifies for a 30% Investment Tax Credit.
That means 30% of the total cost of your Solar System can be applied the following year and subtracted from your taxes.
WHAT IS
ACCELERATED DEPRECIATION
Accelerated Depreciation is a tax accounting method that allows business to reduce their taxable income based on a percentage of the cost of an asset.
This method can be used over a period of 5 years and can reduce the overall cost of your system by up to 30%.
If you purchased a system for $1.5 Million Dollars this is approximately what you could get back if you applied these benefits
$600k
$600k would be given back to you through the Federal REAP Grant
30%
$450k would be given to you in the form of a Tax Credit that you can use over multiple years
20%*
*Approximately $300k would be available over a 5 year span in the form of deductions on your taxable income using Accelerated Depreciation
THAT MEANS YOU’D ONLY PAY APPROXIMATELY $150K (10%) ON A $1.5M DOLLAR SYSTEM
A CASH REGISTER THE GOVERNMENT PAYS FOR!
If you’re in a qualifying area you can offset the rest of the cost of your system AND increase your companies profitability by selling excess electricity back to the power company!
All while demonstrating your company’s commitment to sustainability and environmental responsibility!
Get a Free No-Pressure Solar Evaluation for your Business
- Huge Savings — Full disclosure as to our actual acquisition cost.
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- Expert advice from a reliable team.
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- No price games. Total and absolute transparency.