Commercial Tax Credits and Solar Utility Rebates

Commercial Tax Credits and Solar Rebates for Your Business

Yes Solar Solutions is proud to help our commercial customers identify all of the available solar energy tax credits, rebates, and other financial incentives associated with our commercial solar energy systems. As trusted solar leaders in North Carolina and South Carolina, we are current on all of the applicable tax credits and rebates across the Carolinas.  We set industry standards, provide unmatched customer service and guarantee the power of independence.

The Federal Business Energy Investment Tax Credit and Solar Rebates

Federal Business Energy Investment Tax Credit

There is a 30% Federal Business Energy Investment Tax Credit for businesses. The 30% credit is extended through 12/31/2019, when it steps down to 26% through 12/31/2020, then to 22% through 12/31/2021 and finally to 10% for ensuing years. Thanks Obama.

MACRS Depreciation

Commercial solar energy systems are also eligible for depreciation through the Modified Accelerated Cost Recovery System (MACRS). MACRS depreciation for solar projects is recovered over a 5-year schedule. Eligible solar projects placed in service prior to 1/1/2018 qualify for 50% bonus depreciation. Projects placed in service in 2018 qualify for 40% bonus depreciation and in 2019 qualify for 30%.

North Carolina Solar Rebate – Updated 1/22/2017 – Duke Energy Solar Rebate Program for Commercial and Nonprofits Announced

  • Nonresidential customers could receive as much as $50,000 and nonprofit customers could receive up to $75,000
  • Nonresidential and nonprofit customers are eligible for a rebate for a system size up to 100kW.

In addition to the tax benefits offered through the ITC and MACRS depreciation, some North Carolina businesses will be eligible for utility rebates starting in January 2018. The recently adopted House Bill 589 establishes a rebate program for North Carolina residents whose electric utility provider, including Duke Energy, serves 150,000 or more customers. The rebate program is limited to 10MW of installed solar capacity annually—2.45MW of which are allotted for commercial and industrial projects. Commercial projects are eligible for rebates on up to 100kW of their solar investments. House Bill 589 sets aside annual limits of 5MW for residential solar projects and 2.5MW for non-profit projects.

Now is a great time to give us a call and talk about the energy goals of your business or nonprofit, call 919-459-4155 or submit a consultation request form below.


Contact Yes Solar Solutions Today! Book a Consultation

202 N. Dixon Ave. Cary, NC 27513

Phone: (919) 459-4155 Fax: (919) 462-3177

NC General Contractors License: #67356

NC Electrical Contractors License: #31227-U

SC General Contractors License: #CLG 120015

SC Electrical Contractors License: #M113878-U

Yes Solar Solutions Mission

Yes Solar Solutions is proud to make solar simple, bringing the power of independence to North Carolina homeowners and businesses. Serving Raleigh, Cary, Durham, Greensboro, Morrisville, Chapel Hill, Apex, Holly Springs, Garner, Winston-Salem, High Point, Burlington, Fayetteville and all of North Carolina.

BBB Accredited Solar Energy Equipment Company in Cary, NC