The recent approval of Georgia Power’s Advanced Solar Initiative (GPASI) has sweetened the prospects for large-scale commercial solar projects in the Peach State, and represents a significant financial opportunity for Georgia businesses.
Governor Cuomo gave a full vote of confidence to the nascent large-scale commercial solar market in New York during his State of the State address last week. Specifically, he proposed expanding the successful NY-Sun Program by increasing the annual funding to $150 million and extending the program for another 10 years through 2013.
As a commercial solar development firm exclusively focused on corporate clients, one of the most frequent questions we at EnterSolar hear from prospective clients is “what’s my payback?”. For many of our clients who opt for third-party owned arrangements such as Solar Leases or Solar Power Purchase Agreements (PPA’s), the answer to the payback question is “immediate” since there is no required capital investment (despite the immediate monthly cash savings). For businesses considering the benefits of directly owning a solar system (and fully capturing the project’s available economic benefits), the answer can be more nuanced.
One of the key federal solar incentives – the 50% Bonus Depreciation benefit – was unexpectedly extended today as part of the much discussed “fiscal cliff” legislation which was passed by Congress and signed into law by President Obama.