Team Contractors, LLC successfully adjusts the solar panels (modules) to meet the requirements of both residential and commercial buildings. Our Company welcomes multitude of diverse and challenging structures.
Our company carefully devises unique interconnecting networks of energy efficient solutions. Specialized designs take into account full integration of the given space. Thus, the highest levels of solar production are achieved. Government solar programs offer investors incentives for their wise decisions.
Solar investors are entitled to a 30% Federal Investment Tax Credit (ITC) on the total project cost. The ITC is granted and can be used for the very first year the project is installed. If the investor cannot use all of the 30% ITC, the balance will roll over to the following year.
Under the Modified Accelerated Cost Recovery System (MACRS), qualifying solar equipment will be eligible for a cost recovery period of five years. This accelerated model has proven to be a significant driver of private investment for the solar industry.
For every 1000 Kwh generated through a solar energy system, a Solar Renewable Energy Certificate is awarded to the owner of the system. The SRECs can be traded to utilities that have a renewable energy profile. The current average rate of 1 SREC floats around $220. A solar array owner can also sign up for a fixed price contract with a utility for their SRECs to be sold.