State Incentives
The Florida PV Financial Model for 25 KW PV Solar System for Commercial Business in 34% Tax Bracket
- Installed Price (estimated @ $8 per Watt) -$200,000
- Florida State Incentive ($4 per watt or $100K max) $100,000
- Basis Adjustment for Florida State Incentive - $100,000
- Less Federal Solar Tax Credit (30% w/no max.) $30,000
- Less 1st Year Depreciation(34% tax bracket) $14,960
- Less 1st year Energy Savings (based on 80% efficiency $4,015
- Total 1st Year Cost (75% Return) - $51,025
The 25 KW System becomes a Positive Cash Flow within a few short years and this will continue for the next 40+ years of operation. Saving you ~40,150 KWh of electricity each year. Your 25 KW PV System will remove over 32 tons of air and ground pollution every year.
State of Florida tax rebates:
http://www.fsec.ucf.edu/en/media/enews/2006/2006-04-R1_Energy-act.htm
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