Renewable energy and energy efficiency solutions are now more affordable than ever thanks to the abundance of available rebates and incentives.
View the Residential, Commercial, or Builder incentives that may be available for you.
To learn more about how you can take advantage of these great incentives, call the SRE Energy Experts at (850) 391-2211.
Residential
Solar Electric (PV) Systems, Solar Water Heating (Thermal) Systems and Wind Energy Systems
Federal Income Tax Credit
A federal income tax credit of 30% of the system cost is available for solar electric (PV) systems, solar water heating (thermal) and wind energy systems.
Florida State Solar Energy System Incentive Program
Due to overwhelming response to the Florida state solar energy system incentives program, funding for FY2008-2009 is exhausted. However, the Florida Energy Office is currently accepting applications for the waiting list for funding beginning in FY2009. The rebate is available to all Florida residents on a “first-come, first-serve” basis and is subject to the availability of funds. For more information and program details, please visit www.dep.state.fl.us/energy/energyact/solar.htm.
Rebate levels for solar electric systems are $4.00 per installed watt (up to $20,000) based on the total wattage rating of the system. Rebate levels for solar water heating systems are $500.
While the rebate program is currently pending funding, we recommend that customers interested in a solar electric system or a solar water heating system submit an application now to be placed on the waiting list for potential FY2009-2010 funds. For a quote for your home, please contact us.
Energy Efficiency – Air Conditioning, Heating, Insulation, and Other Energy Efficiency Improvements
Federal Income Tax Credit
A federal income tax credit of up to $1,500 is available for qualifying home energy efficiency improvements such as insulation, high-efficiency air conditioning systems, high-efficiency heat pumps and more.
To learn more about qualifying for these rebates, please contact us.
Commercial
Solar Electric (PV) Systems, Solar Water Heating (Thermal) Systems and Wind Energy Systems
Treasury Grant
Commercial projects may opt to apply for a Treasury Energy Grant in lieu of the investment tax credit (ITC). This applies to equipment placed in service by December 31, 2010 or construction has begun by December 31, 2010 and is completed by December 31, 2013. The grant is paid out by the Treasury within 60 days of the project completion and application is filed.
Federal Business Tax Credit
A federal business tax credit of 30% of the system cost is available for solar electric (PV) systems, solar water heating (thermal) systems and wind energy systems.
Florida State Solar Energy System Incentive Program
Due to overwhelming response to the Florida state solar energy system incentives program, funding for FY2008-2009 is exhausted. However, the Florida Energy Office is currently accepting applications for the waiting list for funding beginning in FY2009. The rebate is available to all Florida residents on a “first-come, first-serve” basis and is subject to the availability of funds. For more information and program details, please visit www.dep.state.fl.us/energy/energyact/solar.htm.
Rebate levels are $4.00 per installed watt for commercial solar electric systems (up to $100,000). Rebates up to $5,000 are available for commercial solar water heating systems.
While the rebate program is currently pending funding, we recommend that customers interested in a solar electric system or a solar water heating system submit an application now to be placed on the waiting list for potential FY2009-2010 funds.
For a quote for your business, please contact us.
Federal 5 Year Accelerated Depreciation Schedule
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover the cost of a solar electric, solar water heating, or wind energy system on an accelerated 5-year schedule. In 2008 and 2009 the above investments qualify for the 50% Bonus Depreciation schedule. The owner is entitled to deduct 50% of the adjusted basis of the property in the first year of operation. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule. The Depreciation Basis is calculated as the System Installation Price – (1/2) Federal Investment Tax Credit.
Builders
Energy Efficiency
Federal Tax Credit – Energy Efficient Homes
Tax credits of up to $2,000 are available to builders for construction of new energy-efficient homes.
Homes qualify for a $2,000 credit if they are certified to reduce energy consumption by 50% relative to the International Energy Conservation Code (IECC) standard and meet minimum efficiency standards established by the Department of Energy.
Building envelope component improvements must account for at least 20% of the reduction in energy consumption, but specific energy efficiency measures are not restricted.
The statements contained herein are not intended to and do not constitute an opinion as to any tax or other matter, and may not represent all potential incentives available to you. You should consult your tax advisor with respect to any taxes or incentives that you may qualify for.
