Find tax incentives and support programs that help you finance your solar project.
The federal and state governments provide tax incentives to encourage organizations to use renewable energy. Verogy helps you discover the incentives that suit your solar project.
With Verogy, your commercial solar project is handled professionally from beginning to end. We bring the professional expertise, the industry knowledge, and the experience. Once the project is built, you’re free to enjoy the benefits, including renewable energy tax credits and incentives. This is a service we offer that’s included in our Power Purchasing Agreement (PPA) offering. After Verogy handles every step of the project, we pass the value on to you.
Learn which federal and state tax incentives apply to your solar project with us. We help you use them to finance your project.
As long as you own your solar energy system, you or your business is entitled to the federal solar tax credit. This credit allows you to subtract 30% of the cost of installing the solar array from your taxes for the year it was built. This credit is more powerful than a deduction because it reduces your overall tax liability for the year, as opposed to a deduction that only lowers your taxable income. Your business still benefits from these credits, even if you have leased the solar equipment from us or signed a PPA. Verogy builds these savings into your agreement, meaning your prices stay lower than what local utilities are charging, and you still experience a return on your investment.
Getting the most value from your solar project isn’t easy. When you want to claim tax credits or incentives, certain requirements need to be met. The right documents need to be filed, and state and federal government entities need as much project information as possible. All this paperwork is a burdensome task that’s a mystery to many clients, which can make solar tax benefits difficult to access. This especially comes in to play when a client works in multiple states because of the differences in requirements for each state. Our priority is to help you navigate the process by being your adviser for getting the most out of your tax credits.
Verogy is familiar with many eastern state solar incentive programs, and as a nationwide company, we can work with any locality. Here are some solar incentive programs we have worked with in the past:
This program creates a market-driven bidding process for projects to compete to obtain a 20-year revenue stream from the sale of RECs to electric utilities.
A tariff-based incentive that is paid directly by utility companies to the solar system owner.
The REG program supports the development of distributed renewable energy projects statewide.
The New York State Energy Research and Development Authority promotes energy efficiency and the use of renewable resources, like solar. They have many programs for solar power and we see if you qualify.
