Reimbursement rates frustrate solar panel adopters in Alabama

anniston-star-pic-sqAs reported in the Anniston Star by Eddie Burkhalter on November 17, 2016:

Clayton Angell thinks that in about two years’ time the new solar panel system atop his Anniston business will begin paying for itself.

He expects the 66-panel, 22-kilowatt system will generate about half of the energy needs of his Remodeler’s Outlet, located in a 71,000-square-foot former textile mill on Noble Street. (more…)

5 Things to know about payback on Commercial Solar Systems

1. Electricity Savings are immediate
2. Federal Solar Tax Credit available through 2019
3. Accelerated Depreciation with Bonus through 2017
4. Achieving 45%+ Return on Investment
5. Warranties last for 25 years

Businesses can install an Interconnected Solar System, and generate tax credits and phenomenal returns on the cost of that solar investment.

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What is MACRS and why should I care?

If you own a business, and you are looking into installing solar, you should learn about MACRS for maximum investment benefit. Defined as the Modified Accelerated Cost Recovery System, MACRS is a method of depreciation in which a business’ investments in certain tangible property are recovered, for tax purposes, over a specified time period through annual deductions. Qualifying solar energy equipment is eligible for a cost recovery period of five years and can benefit your solar installation. And, through 2017, there is actually a bonus depreciation available! (more…)

What are Federal Solar Tax Credits and Why are they Important to Me?

The Federal Solar Tax Credit, also known as the Investment Tax Credit (ITC), allows you to deduct 30% from federal tax liability for installing a solar panel system. It is available for both residential and commercial systems and there is no limit to the size of the system or credit. Extended in December of 2015, Congress helped system owners for another 4 years at 30% and then stepped down for the few following years. This definitely made solar more affordable for more Americans! (more…)

Energy Institute of Alabama releases Economic Impact study

The Energy Institute of Alabama and the Economic Development Partnership of Alabama commissioned a study to determine the economic impact of our state’s energy sector. Dr. Keivan Deravi of Auburn University at Montgomery conducted the study in the summer of 2016 based on 2015 figures. You can read the entire study here.

 

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National Solar Homes Tour Huge Success

The ASES National Solar Tour is the largest grassroots solar event in the nation, involving over 30,000 participants in 2016 in over 60 cities and towns nationwide. 7 sites across the Birmingham area saw dozens of visitors learning how small and large residential, commercial, non-profit, and academic institutions can benefit from having solar power generation.

In conjunction with Energy Awareness month every October, homeowners and businesses in neighborhoods across the country opened their doors and showed what they’ve done to slash utility bills and help cut pollution from electric generating plants. It offered the opportunity to informally tour innovative green homes and buildings, and see how solar energy can be used efficiently. The tour inspired people across the nation to make sustainable energy choices that reduce costs, support energy independence, protect against power outages, and reduce carbon emissions. (more…)