NABCEP Certified

Commercial Solar

We work with educational institutions, municipalities, non-profits, and businesses to reinvent their roof

His middle name is “Commercial Solar”….

You don’t just roll out of bed with the title of Partnerships, Policy and Commercial Sales at Solar States. You’ve got to earn it, and Todd Baylson has. If you prefer to connect directly to Todd. feel free to do so. You can connect with him on LinkedIn here or message him directly through the form. Todd is a man of answers and pleasant conversation, so we suggest you reach out.

Message Todd

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Active Tax Benefits & Incentives

Tax Credit Form 5695 (2019)

What is the Investment Tax Credit (ITC)?

The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26% of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value.

How Does the Tax Credit Work?

As long as you own your solar energy system, you are eligible for the solar investment tax credit. Even if you don’t have enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect. However, remember that if you sign a lease or PPA with a solar installer, you are not the owner of the system, and thus you cannot receive the tax credit.

How Do I Claim the Investment Tax Credit?

You claim the investment tax credit for solar when you file your yearly federal tax return. Remember to let your accountant know you’ve gone solar in the past year, or if you file your own taxes here are the instructions from the IRS https://www.irs.gov/pub/irs-pdf/i5695.pdf

Accelerated Deprecation (for Businesses Only)

For businesses only, you can depreciate  100% of the cost of your solar array minus 50% of your tax credit in year 1. For example, in 2019 you can depreciate 85% of the cost of your solar array and in 2020 87% of the cost of your solar array.

SEPTA

A few need-to-knows…

What is Net Metering?

Net Metering is a billing mechanism that allows solar owners to sell unused energy back to the grid. If your system produces enough unused energy, net metering can offset your bill 100%.

How does Net Metering work?

In the summertime, when solar systems often produce 3-5x as much energy as in the winter, you’re not spending all of the energy you’re producing. With net metering, your system will send this unused energy to the grid and store it there. In return, you’ll receive “solar credits” that can be used later (like during the night when you aren’t producing much solar).

Read more about Net Metering

What are SRECs?

Every energy supplier must have a percentage of their output come from solar. The percentage is authorized by the state. In Pennsylvania, it is  ½ percent of the supplier’s entire output. In New Jersey, it’s 4-5%. Because utilities don’t produce solar energy but must meet these requirements, they buy solar energy from somebody who does produce it (homeowners or a business with solar panels).

The unit that utilities purchase from producers is called an SREC.

Learn more about SRECs here

South Philadelphia

And did we mention we’re famous?

A good investment, good for the planet.

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July’s numbers are in… 522,731 kWh generated from Solar States Power Systems, or the CO2 output of 856 barrels of oil!