American Recovery and Reinvestment Act of 2009

Take advantage of the American Recovery and Reinvestment Act of 2009
which offers businesses opportunities to make capital investments in 2009.
The Energy Investment Credit allows a 30% federal tax credit for
renewable energy systems; the Modified Accelerated Cost Recovery
System allows for 50% bonus depreciation on equipment purchased in
2009.

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Cost of Solar PV System:

140 @ $1600 Peel N Stick Solar Roof Kit = $224,000

  • Yearly Energy/Battery Savings: $22,087
  • Pay Back: 7 years

Available federal incentives:

  • 5-Year Accelerated Depreciation
  • Federal Business Energy Investment Tax Credit (ITC):

    • Title 26, Section 48 of the Internal Revenue Code:

    • 30% investment tax credit (no maximum credit) for equipment which uses
      solar energy to generate electricity; OR,
    • Receive a grant from the U.S. Treasury Department instead of taking the
      business ITC for new installations.The federal Economic Stimulus Act of 2008 included a 50% bonus depreciation provision for eligible renewable-energy systems acquired and placed in service in 2008.

    This provision extended under the same terms by The American Recovery and
    Reinvestment Act of 2009.
    Modified Accelerated Cost-Recovery System (MACRS) + 50% Bonus
    Depreciation (2008-2009)

    • Eligible properties are often known as the energy investment tax credit or
      ITC. This incentive has been extended only to the end of 2009.
    • 50% bonus depreciation