Costs & Incentives

A Sound Investment

Investing in solar is about demonstrating a commitment to clean energy, however many businesses are installing solar for purely economic reasons. Recent reductions in the installed costs, coupled with improved incentives, have helped make onsite solar a smart decision economically. Rates of return can exceed 15%, and solar has been proven to increase property value significantly through lower operating costs. For a detailed analysis, download our Solar Cost – Benefit Analysis Overview.

What Does Solar Cost?

Here are some options to help educate you on solar installation costs –

  • Simple Estimation – Use these simple rules of thumb for estimating costs.
  • Free Consultation – Microgrid will perform a preliminary site survey and then provide you with a customized proposal that includes a full financial analysis. Request a consultation
  • Financing & Leasing Options Learn more »

Incentives

Download our Solar Cost – Benefit Analysis Overview, which contains a summary of the available incentives. Note that this document is specific to Missouri. We can provide a similar summary for projects in other states. Additional incentives may apply, depending on your circumstances. For a comprehensive list of incentives, both federal and state, see www.dsireusa.org.

Federal Incentives

Commercial solar installations have many great local and federal incentives.  Federal incentives alone can reduce the first year cost by up to 55%.

Commercial Solar Incentives

Investment Tax Credit

The Investment Tax Credit is a federal tax credit valued at 30% of the installed cost of the solar array.  The credits are available for solar systems placed in service on or before December 31, 2016.  Learn more about the 30% Investment Tax Credit

Accelerated Depreciation

Accelerated Depreciation for SolarThe IRS allows you to depreciate your system using a 5-year MACRS schedule with a 50% bonus in year-1 if the solar system is placed in service on or before December 31, 2013.

Most solar panels have a manufacturer’s warranty of 25 years, and the life of the systems can extend that by another decade.  Being able to depreciate the system in 5 years can reduce your tax burden much quicker with accelerated depreciation.  Learn more about the IRS’s rules on depreciating solar

Local Incentives