Also, there are Performance-Based Incentives (PBIs), which offer a kilowatt per hour payment credit for electricity that local solar systems produce. Offered from some local utilities, the difference between the SREC and the PBI, is that PBIs don't have to be sold through a specific market, where SRECs are usually required by some in-state manufacturers, and the rate of the PBI is determined at installation.
Additional solar power system incentives include; accelerated depreciations, subsidized loans and tax exemptions. Accelerated depreciation allows businesses to write of the solar energy system while the Modified Accelerated Cost Recovery System (MACRS) increases tax return on solar power investment for up to 5 years. A great benefit of the MACRS when this is available, is up to an additional 30% reduction in system cost, when the MACRS is calculated. Subsidized loans help finance the solar panel system at a low interest rate from the state, a non-government organization or the utility company, for a limited time when state or other rebates are first presented. Then, tax exemptions are simply applied as property value increases with the installation of the solar power system. Additionally, it often means that the purchase of the solar system is exempt from state sales tax.
With all of these incredible savings, rebates and growth, there is much to benefit financially with the installation of solar power systems, in addition to the benefits of solar energy to the environment.