REAP Grant Deadline:
March 31st, 2020
REAP is a 25% cost-share grant program for solar PV projects that any rural small business can take advantage of.
(It’s not just for farms).
Who’s Eligible for REAP Solar Grants
-Auto Shops? YES.
-Commercial buidings? YES.
-Retail shops? YES.
-Grocery stores? YES.
-Rental cabins and hotels? YES.
–Any business that is rural and small? YES.
YES, and farms, too.
Check to see if you are eligibile for an REAP Grant through our chart!
Whether paid for upfront after commissioning, or in multiple payments over an extended period, the benefits of this tax incentive to business ownersparticularly for solar PV systems of less than 1 MW, are significant.
Where the company tax rate is 28% and payment is upfront, a 100% tax-deductible depreciation allowance in the year of installation and-deductible depreciation allowance in the year of installation andcommissioning will result in a 28% nett discount on the purchase price of the system at the end of the tax year
This significantly affects and reduces the payback period of a solar PVproject of less than 1 MW.
Malcom, I’m not sure if you want to add in the info you have about how your government helps subsidize the residential/commercial industry in Poland. And how you are able to sell power back to the grid?
You will probably have a much better way of wording this, as you have the gift of the gab!
As we do not have that here, this is all I could find on the web?
What is the solar rebate in SA?
Feed-in Tariffs in SA
Through the day when your solar panels are producing electricity and no one is at home to use it, the excess power will flow onto the shared energy network. In return, you will receive what’s known as a ‘feed-in tariff’ – a rebate of around 10 to 23 cents for each kWh of electricity exported.
From 1 January 2016, a little-known amendment to Section 12B of the Income Tax Act (Act 58 of 1996) allows for depreciation in the year of commissioning of the full (100%) cost of a grid-tied solar PV system of less than 1 MW used for electricity generation by a business in the course of its operations.
The capital depreciation allowances for solar PV systems greater than 1 MW remained unchanged in the January 2016 amendment to the legislation, which continues to allow full depreciation over three years. This permits depreciation of 50% of the capital cost in the year of commissioning, 30% in the subsequent year, and 20% in the third year.The accelerated depreciation allowance for solar PV systems applies whether they are installed for the business by contractors or developers, or paid for by the business in a credit sale agreement (as defined in Section 1 of the Value-Added TaxAct) – either upfront in a single payment or in multiple payments over an extended period.
The cost of the solar PV system allowed for accelerated depreciation includes its full direct capital cost, including .
SOLAR PANEL EXPERTS
Ready to see how we can transform your home, your pocketbook, and the environment? J Tech Solar is the proud leader of solar energy and the premier install of solar panels in eastern Nebraska. Call us today for a free consultation!