Client Quote
"During the planning and installation periods, we appreciated the professionalism and technical knowledge of the Meridian team. Meridian technical and administrative personnel are a pleasure to deal with in both pre and post-sale phases. The project was completed on time and technical issues were promptly addressed."
F. Massoudian
Did You Know
The U.S. decided long ago to support energy sources since energy drives our economy. Every major energy source and technology has benefited from federal government R&D support and incentives of various types. This is true of the oil, natural gas, hydroelectric, nuclear and biofuels industries-all of which continue to receive government support today.
Rebates & Incentives
Incentives to go solar have never been better. The American Recovery and Reinvestment Act of 2009 provides substantial incentives for solar energy, including residential and commercial federal tax credits and other programs that make going solar more affordable than ever. The Recovery Act also provides substantial funding for solar projects on government buildings and schools.
There are also generous rebate programs offered through specific Texas utility providers for which you may qualify.
Call Meridian Solar today to see how you can take advantage of these outstanding programs while they last. Here’s a snapshot of what’s currently available:
Homeowners
Businesses
Government & Non-Profit
For Homeowners:
Federal Income Tax Credit
A federal income tax credit of 30% of the system cost is available for solar electric (PV) systems. For additional information on all the latest Federal solar incentives, please visit:
Federal Incentives for Renewable Energy
Texas Rebates & Incentives
In addition to the 30% federal tax credit, you may be eligible for a substantial rebate through your utility provider. Please click on the following link provided by the Database of State Incentives for Renewables & Efficiency (DSIRE) to see if your utility is on the list:
Texas Homeowner Incentives for Renewable Energy
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For Businesses:
Federal Business Tax Credit
A federal business tax credit of 30% of the system cost is available for solar electric (PV) systems.
Treasury Energy Grant
Commercial projects may opt to apply for a Treasury Energy Grant in lieu of the investment tax credit (ITC). This applies to equipment placed in service by December 31, 2010 or construction begun by December 31, 2010 and completed by December 31, 2013.
Federal 5 Year Accelerated Depreciation Schedule
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover the cost of a solar electric system on an accelerated 5-year schedule. In 2008 and 2009 the system investment qualifies for the 50% Bonus Depreciation schedule. The owner is entitled to deduct 50% of the adjusted basis of the property in the first year of operation. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule. The Depreciation Basis is calculated as the System Installation Price – (1/2) Federal Investment Tax Credit.
For additional information on all the latest Federal solar incentives, please visit:
Federal Incentives for Renewable Energy
Texas Rebates & Incentives
In addition to the generous federal incentives, you may be eligible for a substantial rebate through your organization’s utility provider. Please click on the following link provided by the Database of State Incentives for Renewables & Efficiency (DSIRE) to see if your utility is on the list:
Texas Incentives for Renewable Energy
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For Government & Non-Profits:
The 2009 American Recovery and Reinvestment Act made available billions of dollars for solar installations and other energy efficient upgrades to government buildings and schools. Other non-profits may benefit from the generous rebates and incentives currently in place as well.
Contact Meridian Solar today and we'll put our extensive experience installing solar in schools, government buildings and non-profits to work for you.
For information on all the latest Federal solar incentives, please visit:
Federal Incentives for Renewable Energy
For the latest Texas incentives, please visit:
Texas Incentives for Renewable Energy
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