Posted on: August 22nd, 2012 by admin@cpp
Not only could more Atlanta commercial real estate properties benefit from taking part in solar tax credit programs, but these may also may significantly help the government, according to a study from the U.S. Partnership for Renewable Finance.
These programs could help improve government investment, as the government would receive what is an equivalent of 10 percent in interest. Specifically, the Power Purchase Agreements and tax income from solar leasing would actually repay the government $22,000 on a $10,000 credit, according to the study.
The Solar Investment Tax Credit program would allow companies which make solar installations to earn as much as 30 percent of all installation fees through the credit. The program was created in 2005, and since then, approximately 90 percent of American solar power abilities has been created, the study noted. This totals close to 5,000 megawatts.
As of now, the tax credit is projected to run out in 2016, the news source added. There is a chance that it will not be extended, so it may be important for companies to take advantage of it sooner than later.
If you own or are considering a commercial building purchase and are interested in evaluating whether a solar energy system would have long-term benefits for your buildings, contact Daniel Levison or Furman Wood of Commercial Property Professionals.
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