Solar Incentives for the state of Georgia
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Residential users:
Federal Incentives: 30% of total system cost as an Investment Tax Credit
State Incentive: 35% of total system cost as a State Tax Credit up to $10,500
Power Premium from Utility: Georgia Power and many of the EMCs that service Georgia now offer incentives including a rebate for installing solar as well as paying a premium for the power generated.
Commercial users:
Federal Incentives: 30% of total system cost as a Grant or Investment Tax Credit
State Incentive: 35% of total system cost as a Grant or State Tax Credit (this is subject to federal tax)
Power Premium from Utility: Georgia Power and several of the EMCs that service Georgia now offer incentives either as rebates or by paying a premium for the power generated.
Bonus Depreciation: Commercial customers can take advantage of accelerated depreciation for solar property. In the first year, you can depreciate between 60 - 100% of the basis in the property.
State of Georgia Net-Metering Incentives
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Summary:
Georgia enacted legislation in 2001 requiring all utilities -- investor-owned utilities, municipal utilities and electric cooperatives -- to offer net metering to customers. Eligible technologies include photovoltaic (PV) systems, fuel cells and wind turbines up to 10 kilowatts (kW) in capacity for residential applications, and systems up to 100 kW for commercial applications. The aggregate capacity of net-metered systems is limited to 0.2% of a utility's system peak demand from the previous year.
Utilities must offer bi-directional metering or single, directional metering to customers, depending on how the customer's facility is connected to the grid. Systems connected on the customer's side of the meter use a bi-directional meter, and any net excess generation (NEG) is credited to the customer's next bill at a predetermined rate filed with the Georgia Public Service Commission. Alternatively, a customer may choose to sell all electricity from a system (rather than using the electricity generated by the system) by connecting ahead of the meter. Georgia Power -- the state's only investor-owned utility -- purchases electricity from PV systems at a rate of 18.31 cents per kilowatt-hour (kWh), up to an aggregate capacity of 1 megawatt (MW). A previous cap of 500 kW was reached, but the Public Service Commission approved an increase in the cap to allow an additional 1 MW. For more information, see the Georgia Power Solar Buyback Program.
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