Current Solar Financial Incentives
Commercial Solar Incentives
Positive Energy Solar is committed to helping you understand how solar can be a valuable investment for your business. There are financial benefits of commercial solar energy systems, including federal tax incentives that allow businesses to recoup about 50% of solar project costs within the first year! Some of these commercial solar incentives include financing options like C-PACE (Property Assessed Clean Energy), USDA REAP Grants, and various tax benefits for New Mexico Businesses.
SOLAR TAX INCENTIVES
The IRS offers two tax incentives for commercial solar projects. First, the 30% Federal Investment Tax Credit (ITC) is available for solar systems placed in service by 12/31/19. The credit amount is uncapped and equal to 30% of total system cost. Second, Modified Accelerated Cost Recovery System (MACRS) is a method of depreciation in which a business’s investments in solar property can be recovered through tax deductions. Under the 2018 tax plan, MACRS benefits can be taken all in the 1st year. Taken together, the federal tax credit and depreciation can reduce commercial solar project costs by about 50% within the first year!
The USDA Rural Energy for America Program (REAP) Grant covers up to 25% of total solar system cost for agricultural producers and rural small businesses. The next grant application deadline is April 1, 2019. Positive Energy Solar assembles the application and makes the process easy! Our grant approval track record is extremely high.
GOING SOLAR WITH C-PACE
Commercial Property Assessed Clean Energy (C-PACE) is a financing mechanism used by local governments that allows commercial, industrial, and multi-family property owners in New Mexico to finance energy efficiency and renewable energy improvements through their property tax payment. The repayment of qualified energy improvements is done via a voluntary property tax assessment collected by local governments, just as other public infrastructure investments are financed. The financing for PACE projects may be provided by municipal bonds or third party capital secured by the property assessment payments.
Have you always wanted to put solar panels on your facility to cut and control electric bills? With C-PACE, your business may qualify for a long term loan with no upfront costs to you, and repaid as a tax assessment over 20 years.
You begin saving the moment the system is turned on because the amount saved on the utility bill is more than the repayment. Because electricity only goes up in price over time, this gives you the ability to lock in your utility costs.
When you sell your building, the solar equipment goes with the sale. The value of your property goes up without requiring any additional collateral from you – the loan is guaranteed via a senior lien to the mortgage.
Some of our commercial solar projects include:
- Tomasita's Restaurant | 69 kW (Solar Carport) | Santa Fe, NM
- Meow Wolf | 104 kW (Roof) | Santa Fe, NM
- Kingcat, LLC | 35.56 kW (Roof) | Albuquerque, NM
- Hydrocut | 38 kW (Single Axis Tracker) | Belen, NM
- Baca's Trees | 20 kW (Carport) | Albuquerque, NM
- Judge Steve Hererra Judicial Complex | 113 kW (Roof) | Santa Fe, NM
- Nativity Church | 37 kW (Roof) | Albuquerque, NM
- Aspen Medical Center | 40.55 kW (Roof) | Santa Fe, NM
- Santa Fe Skies RV Park | 192 kW (Ground) | Santa Fe, NM
- City of Las Cruces | 951 kW (Ground, Roof, Carports) | Las Cruces, NM
- Santa Fe Community College | 1.5 MW (Ground) | Santa Fe, NM
- Buckman Direct Diversion | 1.5 MW (Ground) | Santa Fe, NM
- City of Santa Fe Water Division | 86 kW (Carport) | Santa Fe, NM
- Plaza Feliz Apartments | 23 kW (Multiple Roof) | Albuquerque, NM
People, Planet, & Profit
At Positive Energy Solar, our mission is to provide you with the highest quality solar installation available to generate long-term value, coupled with the best solar experience possible. We use the highest-quality, most efficient solar panels available coupled with the most comprehensive complete-system warranty in the solar industry. Our goal closely aligns with our core values and principles of placing People, Planet, and Profit on the same level. We can be trusted to bring the highest level of integrity, service, and products to the market. We are committed to improving the local communities we operate and live in, as well as preserving our planet’s environment and natural resources.
Positive Energy Solar is one of the largest certified Benefits Corporation (B Corp) in New Mexico. More than that, we are the only certified solar company in the state. Our local, employee-owned business only employs the highest trained professionals in order to bring the most power to your roof and provide the best service.
Choose Positive Energy Solar & Start Saving Today
- Over 300+ 5-star reviews
- Dedicated commercial solar O&M team
- Most NABCEP® certified solar staff in New Mexico
- Expedited work with less down time, done right the first time
- Highest quality solar panels and products
- Best commercial solar warranty in New Mexico
- Certified B-Corp with a triple bottom line of People, Planet, and Profit
- Employee-owned business
Top Quality Solar PV Panels
The solar panels we install lead the industry in efficiency, durability, aesthetics, warranty and more. We carefully select our solar technology to ensure the best long-term value and longevity for our customers. If we wouldn't install it on our own home or business, it won't go on yours.
High Quality Experience
Since 1997, we've built our reputation on providing a better solar experience. Our New Mexico solar technicians go above and beyond to ensure you get the service you deserve when going solar. We keep in touch every step of the way offering efficient, friendly, and hassle-free service from the moment you contact us to the time we flip the switch on your savings.
The best product deserves the best installation, with a workmanship warranty that allows you to rest easy knowing your system and roof are in good hands. Positive Energy Solar has the most nationally certified installers and solar advisors in New Mexico. Our experienced technicians know how to design and install beautiful solar panels that will make your home the talk of the neighborhood!
Solar customers are making a better tomorrow and enjoying savings today.View More Testimonials
A seamless and quite pleasant experience
Professionalism and awesome charismatic demeanor made the entire process enjoyable.
AS PROMISED - ON TIME AND TOTALLY AWESOME- our Satisfaction is 100%
Were professional, maintained a very clean work environment and more than met expectations - highest quality service.
Amazingly happy and thankful for an incredible job well done! A flawless and pleasant experience.