Businesses produce a lot of carbon footprint. These buildings are the most progressive step towards a sustainable future. Not only would the business be able to save a tremendous amount of money over the years, but they would play a key part in the transition from fossil fuels.
The cost ranges from business to business. Some businesses are bigger than others and will use more energy, while a smaller business doesn't use that much energy. However, as a business, the federal tax credit applies to commercial buildings as well, offering a 30% federal tax credit in the form of a rebate. Allowing commercial businesses to seriously save on taxes.
MACRS is "The Modified Accelerated Cost Recovery System" (MACRS), which was established in 1986. This 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.
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