Tax Liability?

The Federal Government offers a 30 percent tax credit to commercial entities that install solar power. Regardless of the cost of your system, 30 percent of the cost can be taken as a tax credit. This credit can be taken all at once or spread over 20 years, Alternatively, if your organization has no tax liability or simply does not want to wait to claim the tax credit, a federal grant equal to 30 percent of the cost can be claimed for a cash payment within 60 days of project completion. This option is only available in 2010

Great Rebates

If 30 percent of the cost being offset through a tax credit or grant isn’t enough, the State provides a rebate that covers approximately 15 percent of the cost of your system. This rebate is taken right off the top at contract signing.

Turn a Liability into an Asset

Your organization can continue to send thousands to the utility each month or purchase a solar power system. By depreciating the cost of your system with Modified Accelerated Cost Recovery you can recoup approximately 25 percent of your investment in fewer than 6 years. With the tax credit, rebates and depreciation approximately 70 percent of your cost is recouped in less than 6 years.

Green is Red Hot

Businesses that go green are now recognized as community leaders. The general public has grown in awareness of the benefits of renewable energy and appreciates companies who incorporate green practices into their business model.

No Capital Outlay

Want to go green and spare the expense? Sullivan Solar Power can offer a Power Purchase Agreement. If you consume more than 400,000 kilowatt-hours per year, have been in business for more than 5 years and have healthy audited financials, we can provide your organization with a power purchase contract for your commercial solar power system. You must own your building and intend to stay there for the duration of the power purchase agreement term, usually 15 to 20 years. You must be willing to furnish your financials to our financer prior to us drafting a term sheet.

We will structure a deal in which your firm will pay our financer a rate per kilowatt-hour produced that is equal to, or less than, your current rate with a fixed escalator that is less than the historical escalator of the utility. Given current credit conditions, few commercial organizations are able to qualify for this financing. For more information contact us.

Click here to see examples of our commercial scale systems.