Resources for Financing
________________________________________________
Business installations
- The lesser of 35 percent or $500,000 for solar energy equipment for solar electric (photovoltaic),other solar thermal electric applications, and active space heating, wind equipment, and biomassequipment.
- The lesser of 35 percent or $100,000 for solar energy equipment for domestic water heating.
- The lesser of 35 percent or $100,000 for Energy Star certified geothermal heat pump systems.
Residential installations
- The lesser of 35 percent or $2,500 for solar energy equipment for water heating.
- The lesser of 35 percent of $10,500 for solar energy equipment for heating applications.
- The lesser of 35 percent or $2,000 for certified geothermal heat pump systems.
EXAMPLE SOLAR POWER SYSTEM INSTALLATION
Georgia’s thriving population center of Atlanta had very humble beginnings. It was originally the 0-mile marker of a railroad that became a trade route from Georgia to the Midwestern U.S., and was known simply as “Terminus”. In the early 1840s, the fledgling community had about three dozen residents who felt a more appropriate name was required. Atlantica-Pacifica was chosen, but later shortened to Atlanta when the town was incorporated in 1847. Today, Atlanta embraces both Fulton and parts of Dekalb counties, and currently has nearly a half million people; the metro Atlanta area has about five million people, or nearly half the state’s population.
The principal electric supplier is Georgia Power, serving about half of the state’s electrical customers. Georgia’s average usage is 13,776 kWh/year at an average rate of 8.64 cents per kWh. An Atlanta resident can replace 50% of that energy use with a solar power system at an estimated net cost of $37,000 (that’s a mid-range projection for both the system and installation costs after a $2,000 federal tax credit and a $10,500 state tax credit), and 550 square feet of roof area. You may think to yourself, “My goodness, that still seems like a lot of cash I have to fork out to do the right thing for my checkbook eventually and the environment”. However, there are some great financing options available which will probably add up to the total amount you were paying before on energy usage per month anyway. To explore some of those options, request contact with one of the installers in our network by clicking the link below.
Since the region’s solar rating is “good”, it’s about time the state legislators came through with a tax credit to encourage residential solar power installations in Atlanta or elsewhere in the state. The following advantages of installing a 3kW system should be considered (results shown are for Fulton County; DeKalb County provides slightly better financial benefits):
- Estimated increase in property value – $9,920
- Estimated 25-year utility savings – $20,813
- Estimated reduction in greenhouse gases (CO2) – 141 tons
Click links below to open
There are two categories of major solar changes and opportunities in the Stimulus package affecting Georgians:
Improved incentives for solar:
- Changing the investment tax credits to a rebate or grants from the US Treasury Dept for 30% of the cost of solar installations
- Adding 50% accelerated depreciation
- Adding the Section 179 tax incentives for business with under $5 million in revenue for up to $250,000.00 in incentives that can be written off in 2009.
- Federal agencies (DOD, Dept of Education, Dept of Agriculture, DOE, HUD, EPA, etc)
- State projects ($50 - $98M to GA, $190M for affordable housing) and cities(Atlanta, Athens, Augusta, Savannah).
Our company is based on the belief that our customers' needs are of the utmost importance. Our entire team is committed to meeting those needs. As a result, a high percentage of our business is from repeat customers and referrals.
We would welcome the opportunity to earn your trust and deliver you the best service in the industry.If you have any questions, please feel free to contact us.
