Government Incentives
Now is a great time to install a solar thermal system because there are several government incentives to help subsidize the installation costs. However, these incentives all have expiration dates and depending upon political will can disappear at any time, so if you are considering solar thermal it is better to act now and not miss out on the incentives. Most facilities qualify for a 30% federal tax incentive, plus MACRS depreciation or New York State incentives depending on the building’s use, location, tax status etc. When added together this comes out to nearly 50% of the costs of the system being reimbursed by government incentives. Ely Beach helps you through the entire process of applying for and obtaining these incentives. We help identify available incentives and work closely with your lawyers and accountants to help make sure you obtain all the incentives your facility is eligible for. For more information on the government incentives visit www.dsireusa.org.