State Tax Incentives for Going Green SUMMARY: Put It All Together: Page 31
By Paul Naumoff, Co-National Director, Business Incentives and Credits Ernst & Young, June11, 2008
100KW Solar System = $30,000.00 Utility Cost PrYr X 30 year mortgage = 1 MILLIONS DOLLARS
Original 1 million dollar investment reduced to $60,000.00 and Paid off by the Utility Company in 2 years.

$8.95 per Watt initial cost mounted on an existing roof	$895,000
Utility incentive of $4.50 per Watt	$(450,000)
Federal Tax on Utility Rebate	$157,500
State Tax credit $25,000 (Net of FIT)	$(16,250)
Federal Tax credit of 30%	$(268,500)
Exemption from property tax on equipment	TBD
Tax benefit of depreciation of system (5 year MACRS)	$(251,060)
Net after tax cost	$66,690
Annual savings from system both usage and demand	$30,488
Simple payback approximately = 2 years

FULL 31 PAGE CASE STUDY
State Tax Incentives for Going Green
ERNST & YOUNG

THIS IS A
GREEN TAX INCENTIVE
ERNST & YOUNG
CASE STUDY
THE STUDY CONCLUDES:

 

With the right set of
U.S. Govt. GREEN TAX FORMS
There is a 1 million dollar RETURN immediately and a 1 million dollar RETURN over 30 years on a $00.00 dollar at 0% INVESTMENT

 

This Ernst & Young
GREEN TAX INCENTIVE
CASE STUDY
Creates 'Shovel Ready' GREEN JOBS
IN EVERY STATE
TODAY!