Why should you invest in a Photovoltaic System NOW? It has been said that the only things in life that are guaranteed are taxes, death and change. Once our tax bill comes due, we pay it and say goodbye to our hard earned money. This is no longer true, thanks to the generous tax credits and incentives available to homeowners and businesses.
PAYBACK IN A BIG WAY FOR BUSINESSES! In North Carolina you can buy a 39 kW Photovoltaic System worth $125,000.00 dollars and only pay $20,300.00 for that brand new system. Would you buy a new $125,000 Building for 20,300.00? Would you buy a new $250,000 Building for $40,520? Of course you would. How could this be possible? By using money you usually have no access to – your tax liability. This is the cost if you are in the 15% tax bracket. If you are in the 25% tax bracket the $125,000 Building or PV system would only cost $9,748. If you are in the 34% tax bracket the $125,000 Building or PV system would only cost $187. Again, how is this possible? By using the incredibly favorable tax credits and depreciation available to Business and Industry.
TAX CREDITS! TAX CREDITS! FOR HOME & BUSINESS: A federal tax credit of 30% and a 35% North Carolina tax credit reduces the cost of your system by 65%. If you are considering it for your business, you can further reduce the cost with MACRS (Modified Accelerated Cost Recovery System) Depreciation and the system could be paid for in as little as 4.5 years (depending on your Marginal Tax Rate). We feel that the size of your system should be driven by your tax liability. This offers the quickest payback and highest return on your investment.
WHY GIVE YOUR HARD EARNED MONEY TO THE GOVERNMENT WHEN YOU CAN PUT IT ON YOUR ROOF, INCREASE YOUR BUSINESS OR PERSONAL EQUITY, AND REALIZE TRUE RETURN ON YOUR INVESTMENT.
At Southoward Solar Designs, we are all about the financial bottom line for our customers. We can help you accomplish this while also reducing greenhouse gases, your carbon footprint and contributing to a healthier environment for future generations. Now that’s what we call being smart with green!