We’ll guide you through the Investment Tax Credit’s (ITC) 26% tax credit, the Self Generated Incentive Program (SGIP) rebate, the Federal Bonus Depreciation which allows 100% of the allowable tax basis to be deducted in the first year, the California MACRS Depreciation which allows treatment of your solar project as a depreciable asset, and we’ll show you more benefits that augment the energy cost savings of a solar system as well as how pairing solar with other property improvements can add to the financial advantages.
Many businesses today seek out ways to ensure renewable energy use, and there’s no better, more direct, and more efficient way for tenants to accomplish that than through the use of on-site rooftop or carport solar systems. Solar is a significant draw for new tenants as well as an excellent tenant retention motivator. With all the wins that solar provides it makes good business sense to let us show you the incredible opportunities this cost-saving green energy can provide to your building.
Some of our Office Building solar projects include:
The residential-only entity HES Solar has redefined its scope and has narrowed its focus to home solar service and home battery service. The impact of 2023 California regulations to home solar projects has required this company truncation; we regret the elimination of new home energy installations from our offerings. HES Solar now concentrates on supporting existing systems with maintenance and repair services for HES Solar and non-HES Solar systems and remains available for workmanship warranty work on qualified HES Solar systems.
For commercial solar and commercial energy storage design, installation, service, and O&M offerings, please visit the HES Renewables website hesrenewables.com.
A note on the state of California residential solar: The residential solar industry has faced significant financial hurdles in the last few years as a direct result of hostile policy, most notably NEM 3.0. Our primary trade partner, SunPower, went into Chapter 11 in August, 2024, and a majority of other solar companies, large and small, have been forced to close, leave California, or restructure. We are glad to remain available as a home energy service group to support our customers and provide maintenance and repair for home systems that have been orphaned by other company closures.
We recognize your frustration with this news and never intended for our beloved 24-year-old residential solar business to curtail its offerings.