Over the last decade, highly efficient photovoltaic (solar panel) systems have become more affordable than ever. Factors are growing more favorable every year:

Innovative design and engineering techniques are leading to improved product yield. Worldwide, dozens of reputable manufacturers are competing for market share, further driving down costs. Federal, state and municipal regulators are encouraging implementation through tax incentives and rebate programs.

Solar LeasingWhile prices have dropped, they can still be a substantial capital investment for some homeowners.  Luckily, banks have now realized how solar panels are a safe investment, and have begun to provide loans for homeowners to go solar.

DFW Solar Electric has partnered with expert loan providers to provide solutions to help homeowners take the big step towards renewable energy through solar panel ownership.  All of our programs allow our customers to go solar for no-money down.  We also have reduced interest loans, and loans that are interest only until our customers can receive the Federal tax benefits that are available for solar energy.

Solar Loans eliminate your up-front Investment

Under a solar loan arrangement, DFW Solar Electric will design, permit, and install the solar panel system on your property for no money down. We have an easy application process that utilizes an instant credit check and seamless approval and disbursement process, all of which you can do in the comfort of your own home. Under this program, you get all of the utility incentives, and you get to keep the Federal and State tax benefits.

Electricity your system produces in excess of what is consumed may be sold back to your Retail Electric Provider for a credit used to reduce your electric bill even further. When your system does not produce enough electricity to meet your needs, you use electricity from the power grid to make up the difference.

Solar Tax Incentives

Solar Tax Incentives Don’t Last Forever

The folks at DFW Solar Electric aren’t tax advisers, we’re your friends. And friends don’t let their friends end the year without one last reminder that some key federal tax laws are changing.

Solar Tax IncentivesBusinesses have a lot to think about at the end of the year. Capital investment decisions among the most important. Solar electric PV systems, purchased and installed before the end of the year may be eligible for a first-year 50% Bonus Depreciation. This accelerated 50% bonus expires December 31, 2013.

Companies which invest in solar energy systems may be eligible for federal income tax deductions through the Modified Accelerated Cost-Recovery System (MACRS).

The Internal Revenue Service allows commercial solar PV system owners to deduct up to 85 percent of their tax basis. This type of depreciation can be claimed over a five year period.

Solar Tax Incentives – Franchise Tax Deduction

The State of Texas has a few ongoing tax incentives of its own. Texas entities which are subject to the state franchise tax may deduct 10% of the amortized cost of a solar energy device from their apportioned margin.

Solar Tax IncentivesFor the purposes of this deduction, a solar energy device means a system or series of mechanisms designed primarily to provide heating or cooling or to produce electrical or mechanical power by collecting and transferring solar-generated energy.

It also includes mechanical or chemical devices, such as batteries, which have the ability to store solar-generated energy.

Solar Tax Incentives – Property Tax Exemption

Texas property tax code allows for an exemption of the amount of the appraised property value arising from the installation or construction of a solar energy device. The primary use must be for the production and distribution of thermal, mechanical, or electrical energy for on-site use. It may also include devices used to store that energy.

Solar Tax IncentivesThis exemption defines “Solar energy device” as an apparatus designed or adapted to convert the radiant energy from the sun into thermal, mechanical, or electrical energy. It also includes storage and distribution equipment.

Those wishing to claim this exemption must fill out Form 50-123, “Exemption Application for Solar or Wind-Powered Energy Devices”.