Solar Electric

Soar energy–a business-savvy step in long-term planning

pic businesssolarelectric Thousands of businesses across the United States have turned to photovoltaic systems to lower their long term operating costs, to reduce their peak demand, to provide a commitment to sustainability, and to realize an excellent return on their investment. Utility incentives, coupled with the Federal ITC (investment tax credit) and generous MACRS depreciation, create an environment that make solar electric systems both a financial benefit, as well as a social and environmental testimonial. Industry giants such as Apple , Nike , and are all great examples of companies that are taking the reins in embracing and promoting sustainability. E2 Solar has provided custom solar solutions for businesses such as Bend Animal Hospital, Celtic Car Wash, Robert’s Field Municipal Airport, NeighborImpact and Woodward Canyon Winery.

Businesses that incorporate solar also have a positive global impact. Solar has the potential to supply a significant amount of energy and to create considerable benefits to our communities, our states, and our country through increased fuel diversity, greater national security, stronger economic development and overall environmental improvement.

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Incentives:

Energy Trust of Oregon : Whatever your business, Energy Trust offers cash incentives on the installation of solar equipment that can help you reduce energy use and lower operating costs. The savings you realize on energy costs go straight to your bottom line. And many upgrades pay back their investment in three to five years or even less. Through Energy Trust of Oregon, Pacific Power customers receive an incentive of $0.75 per watt. The maximum incentive you may receive is $30,000

Solar electric incentives are subject to change without notice. These incentive rates apply to business, public, nonprofit, industry and agriculture customers. For more information on Energy Trust business incentives, call us or click here .

BUSINESS ENERGY INCENTIVES PROGRAM :

In the fall of 2011, Oregon Department of Energy (ODOE) created the “Energy Incentives Program” which took effect on January 1, 2012. The program is funded by ODOE and Oregon Department of Revenue through an annual auction of tax credits.  Revenues are offered in the form of grants rather than tax credits and the Renewable Energy Development Grants are available to anyone who plans to install a renewable energy production system at a business.

Grants are awarded up to a maximum of $250,000 per project and cannot exceed 35 percent of eligible project costs. ODOE only accepts applications by mail and rates project applications on a point value system. Awards are granted to competitively selected projects that receive the highest number of points and on a first-come, first-served basis.

Visit the ODOE website here for details on programs, qualifying projects, opportunity announcements and a link to sign up for regular email updates.

(ITC) Established by the federal Energy Policy Act of 2005, the ITC allows taxpayers to claim a percentage of eligible costs for renewable energy systems. Effective through December 31, 2016, this credit is equal to 30 percent of expenditures with no maximum credit on systems placed in service after 2008.

BLUE SKY COMMUNITY PROJECT FUNDS :

Since 2006, Pacific Power’s Blue Sky customers have helped fund new community-based renewable energy projects in Oregon. The Project Funds program assists with the capital cost of installing a renewable energy system. Projects are identified and selected through an application review and evaluation process which begins each spring. Funds are awarded in the fall and can range from a few thousand dollars to more significant investments. We at E2 Solar have been fortunate in having the opportunity to help businesses throughout Central Oregon receive awards. Call us for additional details; we are happy to assist you with the application process.

MODIFIED ACCELERATED COST-RECOVERY SYSTEM (MACRS)

Under the federal MACRS, businesses may recover investments in certain property through depreciation deductions.  Photovoltaics—as a renewable energy technology—are taken on a five-year depreciation schedule. In December 2010 the provision for bonus depreciation was extended allowing eligible properties that are placed in service before Jan 1, 2012 to qualify for the first year 100 percent first year bonus depreciation. For 2012 bonus depreciation is still available, but the allowable deduction reverts from 100 percent to 50 percent of eligible basis.

(REAP):

Hundreds of farmers, ranchers and businesses are making greater business profits and slashing energy costs through the USDA Rural Energy for America Program. Under the USDA Rural Development program, rural small business and agricultural producers can apply for financing through grants and loan guarantees for the cost of a renewable energy system. REAP grants and guarantees may be used individually or in combination. Together they may finance up to 75 percent of a project’s total cost. Grants may finance up to 25 percent of a project or $500,000, whichever is less. REAP applications are accepted year round but are typically only funded during specific funding windows. We can assist you with the application process: for more information, call us at E2 Solar at 541-388-1151.