There are multiple rebates and incentives available for commercial solar installations. In addition to the investment tax credit (ITC) that allows for the deduction of 22 percent of the cost of the solar energy system from federal taxes, commercial property owners can write off the value of their solar installation through the Modified Accelerated Cost Recovery System (MACRS). This incentive reduces businesses’ tax burden to speed up returns on solar investments.
Advantages of going solar for businesses
There are many good reasons for businesses to generate their own electricity with solar panels: