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SolarCom

Welcome to Westhaven Solar.

Business Energy Investment Tax Credit  (ITC):  Businesses that install solar photovoltaic (PV) systems are eligible to receive a tax credit in the amount of 30% of the total PV system cost.  Unlike tax deductions, this tax credit can be used to directly offset your tax liability dollar for dollar.  If your tax credit exceeds your tax liability you can roll the credit into future tax periods for 20 years.  (Incentive:  30%)

Federal Modified Accelerated Cost-Recovery System  (MACRS):  Under the federal Modified Cost Recovery System, businesses may recover investments in certain property through depreciation deductions.  MACRS establishes a lifespan for various types of property over which the property may be depreciated.  For PV systems, the taxable basis of the equipment must be reduced by 50% of any federal tax credits associated with the system.  (Incentive:  25.5%)

State Modified Accelerated Cost-Recovery System:  Under the Modified Cost Recovery System, businesses may recover investments in certain property through depreciation deductions.  The MACRS establishes a set of class lives for various types of property over which the property may be depreciated.  (Incentive:  8%)

TOTAL INCENTIVES:  63.5%

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