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Utility Rebates & Tax Credits
Commercial properties can qualify for larger rebates and tax credits than residential properties. Lowering your overhead cost means greater ROI.
Utility Rebates For Solar
CPS Energy and New Braunfels Utility (NBU) currently offer commercial properties rebates on any solar installation. Each one provides the rebate so long as certain regulations are met. See below to learn if your installation would qualify. Learn more about why utility companies offer rebates here.
Solar Rebate Incentive Amount for Commercial Property
$0.60 per AC Watt for the first 25kW, $0.40 per AC Watt for kW over 25
$0.10 per AC Watt premium for projects utilizing local modules
If we install 75, 345-Watt Mission Solar panels (local modules) your CPS Energy rebate would be:
(0.60)(75 panels) + (0.10)(75 panels) x 290.40-AC Watt = $15,246.00
- Only systems using eligible PV modules and Inverters listed by the California Energy Commission (CEC) website will qualify for rebates.
- All installed PV systems must carry a 1-year warranty from installer. Solar modules must carry a 20-year warranty from the manufacturer. Inverters must carry at least a 5-year manufacturer warranty without battery back-up.
- Installation location must have at least 260 sq. ft. of unobstructed space; system should be on most southern facing side, systems facing in a northern direction do not qualify.
- It is the responsibility of the customer to obtain all appropriate permits.
- All inverters and solar modules must be new.
- PV system installations on residential structures and all commercial buildings must also obtain appropriate City building permits.
- All PV systems must be interconnected, at customer’s expense, to CPS Energy’s electrical grid. All PV systems must comply with current CPS Energy guidelines governing interconnection with CPS Energy’s electric system, and any subsequent revisions to these guidelines. These and other requirements are subject to change.
- CPS Energy will not rebate any solar PV system less than 1 kW AC.
- If re-roofing is required, PV system removal and reinstallation is at customer expense.
- Batteries will not be covered under the rebate.
Rebate information is based on CPS Energy Website: https://www.cpsenergy.com/content/corporate/en/my-home/savenow/rebates-rebate/solar-photovoltaic-rebate/comm-solar-installation-guidelines.html
Solar Rebate Calculation - Max $26,000
(a) System capacity (number of modules x PTC rating)
(b) Inverter power rating (number of inverters x power rating)
Lower of the two options x $0.45 = Rebate Amount
If we install a system of 75, 400-Watt Jinko Solar Panels with 75 Enphase microinverters, your rebate would be:
(a) 75 x 371.4 = 27,855 watts
(b) 75 x 400 = 30,000 watts
27,855 watts x $0.40/watt = $11,142.00
- Solar panels must be between 200 and 290 degrees and tilt must be between 15 and 60 degrees
- Agree to NBU Electric Engineering net metering policies, conditions, requirements, and guidelines
- Proof of work, receipts of purchase, and all warranty information must be included upon submission of this application in order for the rebate to be considered.
- Rebate application must be received within one year of the installation.
- Agree to allow NBU to perform any necessary inspections, both during initial installation and in the future.
- Be the sole owner of the solar PV generating system
- The understanding of various terms and conditions
Rebate information is based on New Braunfels Utility Website: https://www.nbutexas.com/wp-content/uploads/2021/09/2021-Solar-Rebate.pdf
Tax Credit For Commercial Properties
Not only are utility rebates higher for commercial properties, the tax credit
Tax Credit Incentive For Commercial Properties
The Investment Tax Credit (ITC) is calculated by multiplying the applicable tax credit percentage (currently 26%) by the “tax basis,” which is the amount invested in eligible property. Eligible property includes the following:
• Solar PV panels, inverters, racking, balance-of-system equipment, and sales and use taxes on the equipment
• Installation costs and indirect costs
• Step-up transformers, circuit breakers, and surge arrestors
• Energy storage devices (if charged by a renewable energy system more than 75% of the time)
Information on Tax Credit provided by Energy.gov: https://www.energy.gov/sites/prod/files/2021/02/f82/Guide%20to%20the%20Federal%20Investment%20Tax%20Credit%20for%20Commercial%20Solar%20PV%20-%202021.pdf
Tax Requirements For Commercial Properties
*** the following information should only be considered supplemental to the guidance of a financial advisor ***
• Used by a business subject to U.S. federal income taxes (i.e., it cannot be used by a tax-exempt entity like a charity)
• Located in the United States or U.S. territories (though can only be used against federal income tax obligations)
• Systems must use new and limited previously used equipment
• Not used to generate energy for heating a swimming pool
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