Incentives
Going green doesn’t mean going it alone; Regency is with you
every step of the way. And so are federal, state, and county
governments; even your local utility company may offer financial
incentives to offset the cost of your new efficient energy and lighting
system.
As interest in efficient energy and lighting continues to grow,
so do the incentives.
Incentives and Credits:
Commercial Incentives
Federal and state tax laws exist that allow efficient energy system owners to take advantage of additional financial benefits such as increased federal tax deductions and accelerated asset depreciation schedules. In fact, many states and utilities offer a variety of incentives to help offset the initial cost of installing an energy efficient infrastructure, further increasing your return on investment. In addition, the federal government currently has a 30% Investment Tax Credit, which helps to offset a large portion of the upfront system cost. Our team of rebate and interconnection specialists can help you navigate the incentive process from beginning to end. In most cases the only work required of you is to sign on the dotted line and we’ll take care of the rest.
Federal and state tax laws exist that allow efficient energy system owners to take advantage of additional financial benefits such as increased federal tax deductions and accelerated asset depreciation schedules. In fact, many states and utilities offer a variety of incentives to help offset the initial cost of installing an energy efficient infrastructure, further increasing your return on investment. In addition, the federal government currently has a 30% Investment Tax Credit, which helps to offset a large portion of the upfront system cost. Our team of rebate and interconnection specialists can help you navigate the incentive process from beginning to end. In most cases the only work required of you is to sign on the dotted line and we’ll take care of the rest.
State Credits
Many states offer rebates to encourage the growth and adoption of renewable energy resources such as solar power and efficient lighting. The calculation and regulation of these rebates varies from state to state. Performance-based incentives are becoming more common as states encourage customers and installers to design systems to maximize output annually or during peak periods. In some states these incentives are based on estimated performance and paid at the completion of the installation and in other states, such as California, incentives are paid monthly over a 5 year period based on actual system production.
Many states offer rebates to encourage the growth and adoption of renewable energy resources such as solar power and efficient lighting. The calculation and regulation of these rebates varies from state to state. Performance-based incentives are becoming more common as states encourage customers and installers to design systems to maximize output annually or during peak periods. In some states these incentives are based on estimated performance and paid at the completion of the installation and in other states, such as California, incentives are paid monthly over a 5 year period based on actual system production.
Performance-Based Incentives, Net Metering and Feed-in Tariffs
Many utilities have programs in place governing the purchase of efficient energy at predetermined rates for specific periods of time when excess generated kWh are delivered back to the utility grid. These can include performance-based rebates, net metering, and feed-in tariffs. Each state has different rules regarding these types of incentives. For example, Net Metering programs allow consumers to offset the cost of the electricity they buy from a utility by selling renewable electric power (like solar) generated at their businesses back to the utility company. In essence, a business' electric meter can run both forward and backward in the same metering period, and the business is charged only for the net amount of power used.
Many utilities have programs in place governing the purchase of efficient energy at predetermined rates for specific periods of time when excess generated kWh are delivered back to the utility grid. These can include performance-based rebates, net metering, and feed-in tariffs. Each state has different rules regarding these types of incentives. For example, Net Metering programs allow consumers to offset the cost of the electricity they buy from a utility by selling renewable electric power (like solar) generated at their businesses back to the utility company. In essence, a business' electric meter can run both forward and backward in the same metering period, and the business is charged only for the net amount of power used.
