In addition to the long-term financial savings, affordability, and eco-friendliness of solar energy, there are also important tax credits that you should be aware of—and Auric handles all of this for you! We submit for local permits, organize and deliver tax credit paperwork, apply for rebates when applicable, and apply for net metering installation with the utility company. In other words, we take care of everything.

Incentives sweeten the deal! Learn more about some of the local and federal tax incentives available.

Act quickly–these incentives are expiring soon!

 


 

The Time to Invest in Solar Is Now

There are a number of residential and commercial state and federal tax credits available to you. For more information regarding each, simply click on your state below the specific tax incentive.

Residential Solar Tax Incentives:

 

State Solar Tax Credit

There are amazing residential state solar tax incentives available to you. To learn more about the ones that are available in your area, simply click on your state:

Utah
Idaho

Federal Solar Tax Credit of 30%

This money comes back to you on your federal tax return as a dollar for dollar tax credit against your tax liability. You can receive it when you file your taxes or you can have your accountant strategically roll over these credits for years to come if applicable. You can learn more about this federal tax credit by visiting the Database of State Incentives for Renewables & Efficiency’s website:

Residential Federal Solar Tax Credits

 


 

Commercial Solar Tax Incentives:

 

State Solar Tax Credit

There are amazing commercial state solar tax incentives available to you. To learn more about the ones that are available in your area, simply click on your state:

Utah
Idaho

 

Federal Solar Tax Credit of 30%

Like the tax credit available for residential properties, there is also a federal tax credit of 30% for commercial businesses who invest in solar panels or solar systems. This money comes back to you on your tax return as a dollar for dollar tax credit against your tax liability. You can receive it when you file your quarterly taxes or you can have your accountant strategically roll over these credits for years to come if applicable. You can learn more about this federal tax credits by visiting the Database of State Incentives for Renewables & Efficiency’s website:

Commercial Federal Solar Tax Credits

 

Modified Accelerated Cost Recovery System

Modified Accelerated Cost Recovery System (MACRS) or depreciation of the equipment allows you to write off the cost of your system. This tax benefit can offset an additional 25-30% off the total cost of installation in real dollars off of your system. This money comes back to you over a 5-year period. The government allows for this acceleration as another way to make it easier for companies to transition to renewable energy. You can learn more about this tax benefit by visiting the Database of State Incentives for Renewables & Efficiency’s website:

Modified Accelerated Cost Recovery System