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Solar Electric for Business

Making renewable energy and energy efficiency top priorities in the places and processes that drive your business is smart any way you look at it - the savings you realize on energy costs go straight to your bottom line and you will be a proactive contributor towards sustainable commerce.

Energy Trust offers cash incentives that can be combined with substantial state and federal tax credits, as well as accelerated depreciation, to make solar energy more affordable than you may think. In some cases, the up-front investment could be paid back in less than seven years, and after that the system will deliver clean electricity for years to come.

Tax Credits, Grants and Loan Guarantees

State and federal tax credits, grants, and loan guarantees can play an important role in making solar projects financially viable. Be sure to investigate the Federal Business Energy Investment Tax Credit and MACR depreciation. Not all tax credits and benefits are available to all entities.

Programs for Businesses

Cities and different areas may have alternate opportunities, contact us and we can help you find opportunities available to you.

Existing Buildings
HVAC and other efficient upgrades.
Production Efficiency
Improve the energy efficiency of manufacturing, wastewater treatment and other industrial processes with cash incentives and technical assistance.
New Buildings
Get cash incentives for efficient commercial, industrial and agricultural new construction and major renovation projects.

Install solar to offset irrigation electric costs.
Receive incentives to install solar electric systems.

The Oregon Solar Incentive Program was created by the Oregon Legislature in 2010 to encourage the development of solar energy projects in the state of Oregon.

Energy Efficient Lighting
Energy Trust of Oregon has cash incentives for energy efficient lighting installations for commercial buildings. The cash incentives may cover up to 50% of the cost of the project.

Capacity for this program is limited. Energy Trust of Oregon also offers solar incentives for businesses.

Solar Energy Systems

What are the tax incentives for solar systems?

Businesses are eligible for tax credits for qualified solar water heating and photovoltaic systems, and for certain solar lighting systems. Qualifying equipment will either use solar energy to generate electricity, to heat/cool or provide hot water to a structure, or will use solar energy to illuminate the inside of a building by means of fiber-optic distributed sunlight (tube systems and passive solar are not eligible).

Eligibility for incentives

The tax credits are for businesses that install solar equipment for their business.
In the case of cooperative apartment buildings owned by a corporation, SEIA states that "if the corporation spends money on installing qualified solar property, each shareholder is allowed to claim residential solar tax credits on his or her share of the spending."
In the case of condominiums, SEIA reports that when the condominium management association "spends money on installing qualified solar property, each member of the association can claim the residential solar tax credits on his or her share of that spending," so long as the management association qualifies as a homeowners' association under the law, and the majority of the units in the condominium are used as dwelling units.
Manufacturers of solar equipment may qualify for a separate investment tax credit.
  • Solar water heating:
    • System must be certified for performance by the Solar Rating Certification Corporation (SRCC) or a comparable entity endorsed by the state government in which the system is located. SRCC is an organization set up by the solar industry to test and certify equipment so purchasers have an independent assessment of system performance.
    • At least half of the energy used by the system to heat the water must be solar energy. The credit is not available for expenses for swimming pools or hot tubs.
  • Photovoltaic systems:
    • System must provide electricity for the business, and must meet applicable fire and electrical code requirements.
    • This includes solar fans (the credit will cover the solar panel portion of the fan system).

What do I have to do to qualify for these incentives?

To qualify, tax payers will need to have evidence regarding:
  • Receipt for the cost of the installed system (including labor and piping or wiring to connect the system.
  • Date it was placed in service,
  • Final electrical inspections by City or County and Energy Trust of Oregon
For corporate taxpayers, use Form 3468 for Commercial Solar Incentives (Investment Credit).

Where can I learn more about qualifying products?

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Willpower Electric, LLC. All rights reserved.