Commercial Solar Systems Florida - Prosolar Florida
By Ajay Blue Edge Businesses in Florida can benefit significantly from installing a new solar energy system on their commercial property. The advantages of a new solar installment on your business are: Tax credits Increases your ROI Provides stable power Improves the environment Increases the property value Enhances business reputation Tax credits for solar energy installations The investment tax credit ( ITC ), also known as the federal solar tax credit, allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes, with no limit on the amount you can deduct. According to the Database of State Incentives for Renewables and Efficiency ( DSIRE ), if you start a new installation on your commercial property before December 31, 2022, you will be eligible for the 26 percent tax credit. After that date, the credit will be reduced to 22 percent until 12/31/2024, when it will be reduced to only 10 percent. There has never been a better time to tak...