Businesses incentives for Solar Systems in Delaware are:

  • Federal Tax Credit or Tax Grant
  • State of Delaware Green Energy Grant
  • Renewable Energy Credits
  • Accelerated / Bonus Depreciation

all of these benefits plus the electricity that your system generates combined usually pay for a solar system in less than 5 years.

Let take a look at the benefit that is only available to Businesses:

Accelerated depreciation and bonus depreciation

Modified Accelerated Cost-Recovery System (MACRS) allows businesses to recover investments in solar property through depreciation deductions. This is achieved through a 5-year tax depreciation schedule, allowing a business to recover a portion of their investment quickly.

Eligible Solar Energy Systems Must Do One (or More) of the Following:*

  • Generate electricity
  • Heat or cool a building
  • Provide hot water (for use in a structure, or to provide solar process heat)

*Source: energy.gov

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