all of these benefits plus the electricity that your system generates combined usually pay for a solar system in less than 4 years.
Let take a look at the benefit that is only available to Businesses:
In December 2010 the provision for bonus depreciation was amended and extended yet again by The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853). Under these amendments, eligible property placed in service after September 8, 2010 and before January 1, 2012 qualifies for 100% first-year bonus depreciation. For 2012, bonus depreciation is still available, but the allowable deduction reverts from 100% to 50% of the eligible basis.
Even a small system can save a business more than $10,000 income tax.
By taking advantage of accelerated depreciation. These regulations are in place until the end of 2012 and will likely not be extended. So act now, to secure this tax savings opportunity.
Also keep in mind that your savings are “pre-tax” savings, meaning that you are saving money that would normally have been taxed before you spend it.