Rebate and Tax Support

Verogy will help you identify tax rebates and credits that add further value to your solar project.

Clean energy and lower energy bills.

The benefits of solar go beyond clean energy

With Verogy, your solar project is professionally handled from the beginning to the end. We bring the professional expertise, the industry knowledge, and the experience. Once the project is built, you are free to enjoy the benefits, including renewable energy tax credits and rebates. This is a service we offer that is included in our Power Purchasing Agreement offering. After Verogy handles every step of the project, we pass the value onto you.

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What is the solar tax credit?

As long as you own your solar energy system, you or your business is entitled to the solar tax credit. This credit allows you to subtract 30% of the cost of installing the solar array from your taxes for the year it was built. This credit is more powerful than a deduction as it reduces your overall tax liability for the year, as opposed to a deduction that only lowers your taxable income. Your business still benefits from these credits even if you have leased the solar equipment from us or signed a PPA. Verogy builds these savings into your agreement, meaning your prices stay lower than what the local utilities are charging, and you still experience a return on your investment.

 

The Solar Tax Credit has been extended through 2019 meaning the time to begin your solar project is now!

After you build your solar array, remember to consult your tax adviser for more information and the specifics about how these credits and rebates affect your tax situation.

How can Verogy help me claim these credits and rebates?

Getting the most value from your solar project isn’t easy. When you want to claim tax credits or rebates, certain hurdles need to be met. The right documents need to be filed, state and federal government entities need as much project info as possible. All this paperwork is a burdensome task that is a mystery to many clients. This especially comes into play when a client works in multiple states because of the differences in requirements for each state. Our priority is to help you navigate the process by being your adviser for getting the most out of your tax credits.

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Verogy will help with state rebate programs

Verogy is familiar with many eastern state solar rebate programs, and as a nationwide company, we can work with any locality. Here are some we have worked with in the past:

  • Connecticut ZREC program –  This program creates a market-driven bidding process for projects to compete to obtain a 15-year revenue stream from the sale of RECs to electric utilities.
  • Mass SMART program – A tariff-based incentive that is paid directly by utility companies to the solar system owner.
  • NYSERDA – The New York State Energy Research and Development Authority promotes energy efficiency and the use of renewable resources, like solar. They have many programs for solar power that we will see if you qualify for.
  • Renewable Energy Growth Program in Rhode Island – The REG program supports the development of distributed renewable energy projects statewide.

Contact Us Today To See How We Can Help You!

If you are interested in defraying climbing energy costs and want to promote the use of a clean, renewable form of energy, call Verogy. We will be happy to get to know you, discuss your options, and show you how we can transform your organization.

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