With all of our services in-house, we make going solar even easier by offering an A-Z commercial solar service. Use the power of solar to offset your utility costs, and take advantage of the huge tax incentives.
TriSMART Solar provides Texas business an easy walk through of our solar services and how they can positively impact your companies bottom line while providing an attractive green initiative for your organization.
Let's dive into the numbers and see if it's worth it.
TriSMART Solar is a leader in Texas for Solar Power installations with the best Customer Service team in the industry.
2019 is the last year to claim the full 30 percent Residential Renewable Energy Tax Credit.
In order to get the full 30 percent tax credit, your system must be installed by Dec. 31, 2019.
This incentive allows you to claim a 30 percent credit on your federal tax return for the costs of the system. Your tax credit on a $50,000 system would be about $15,000, resulting in a dollar-for-dollar reduction on your income tax.
Yes, it's true solar power equipment costs have drastically dropped in recent years making the option of solar for business a much more cost effective option. Along with the drop in the actual Solar Panels and Inverters, the installations have become routine, and thus have pushed the overall price of commercial solar installs way down. The combination of these drastic reductions in cost have contributed to the new generation of commercial solar installs throughout Texas.
These decreased equipment costs and installation costs aren't the only reason businesses are going Solar in Texas. One of the biggest pushes toward Solar is the ITC:
Federal Investment Tax Credit (ITC): This is the most significant financial benefit for anyone interested in using solar panels at their business.
Owners of newly installed solar panel systems get a federal tax credit for 30 percent of the cost of the system. (Local Texas Cities also offer additional tax credits.) Check to see if your city has additional credits available.