Solar panel or farm incentives?

Question

I’m looking at residential and commercial property in western MA and Florida and I’m wondering if there are any incentives for buying solar on business rooftops or just on land (I see this a lot in residential properties with lots of acreage in western ma with the SMART incentives).

Was wondering if there’s anything like this (as an added bonus income) in Florida? And any other markets? Thoughts? Thanks!

Mak K. · Answer

The issue with credits is that solar companies inflate the price equal to the federal credit so all benefits goes to the solar companies. So if something cost $100 and credit is $50 then solar companies will inflate price to $150. Another example is Tesla was priced at $50K with$15K in rebate/credits. The day they became disqualified, the drop the price to $35K. Now it is different story that price went up due to supply chain and inflation.

Greg O'Brien · Answer

@Mak K. This is an issue we will see with electric vehicles as well. The manufacturers will just pump up the price similar to the credit amount

Scott Wolf · Answer

@Alicia Marks, not sure about commercial programs, but the incentives for residential solar in Florida are terrible.  The only credit available is the Federal credit of 24%.  I won't go into the full details, but the quote for my house was ridiculous.

Additionally, if the tenants pay for electricity in the commercial and residential properties, there's no true incentive to go solar, unless it's an owner/user situation.

Joshua Dickman · Answer

Hi Alicia ,

YES!!

There are very lucrative incentives for commercial solar projects (residential too)... typically at least 50% of the total system cost can come back to you via tax credits and rebates for commercial projects. I have a company in California, but we do a lot of work in Florida and Mass as well, and have a CPA firm that specializes in the solar tax code to help our customers claim every penny possible. Please DM if you'd like more info. Cheers!

Solar panel or farm incentives?

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