3 Reasons Why Your Businesses Should Install Solar in 2018
- 14% reduction in the corporate tax rate can increase electricity expenses by 21.5%.
- 100% depreciation bonus allows businesses to deduct the entire project investment in year one.
- 30% Tax Credit is available can help reduce the system price by up to 60%
1. 14% Reduction of the Corporate Tax Rate
One of the most significant benefits of installing solar under the new tax plan is the reduction of the federal corporate tax rate from 35% to 21%. An important deciding factor for businesses considering going solar is the increase in profits that can result.
While this historically low corporate tax rate brings new investable cash to the business world, it simultaneously produces a net increase in the cost of energy for the same business...Read More