AGRICULTURAL SOLARMAXIMIZING YOUR RETURN ON INVESTMENT
The agricultural industry is plagued with uncertain market pricing and ever-changing input costs. That’s why today, more than ever, it is imperative to know every dollar you invest into your operation is working to increase your bottom line and not just a supplier’s. With fuel costs continuing to burden on any operation, reducing consumption can save an operation thousands of dollars yearly. According to the USDA 2016 Farm Production Expenditures Summary total fuel expense was $11.3 billion in the U.S.
What if there was technology available to reduce that cost by as much as 80%? What if your O&M costs could be reduced by as much as 70%? And most of all what if you could reduce these costs while monitoring the performance of your systems from the convenience of your living room? Sound too good to be true? With today’s technology advances, it most certainly is not.
STATE AND GOVERNMENT
To see what state and government incentives are available in your area, check out the Department of Energy website.
FEDERAL INVESTMENT TAX CREDIT (ITC)
This is the most significant financial benefit for anyone who installs a solar solution for their business. Owners of newly installed solar systems get a federal tax credit for 30 percent of the cost of the system.
Businesses can deduct 85 percent of the value of the solar asset from their taxes, providing another significant offset to the upfront cost of a solar system.
Reap grants are available for agricultural and rural small businesses by state. 25% of the total system cost can be paid in the form of a cash grant. For more information visit Energy.gov
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