.::DEVENTEC INDUSTRIES, A LEADER IN SOLAR TECHNOLOGY::.

Small Business Example
(with current electricity bills of approx. $800/month)

	Cost	% Of Total System Cost
Total System Cost (Value):	$231,250
Customer Rebate (at $2.80 per watt):	($70,000)	30%
After-Rebate Cost:	$161,250M
Federal Tax Credit (30%):	($48,375)	21%
Federal Depreciation Tax Reduction:	$52,084
State Depreciation Tax Reduction:	$14,190
Total Depreciation Tax Reduction:	($66,274)	29%
Net System Cost:	$46,601	20%

Each chart below depicts the accumulated yearly payments for electricity for two businesses that are identical except that one business pays for electricity from a utility company and the second has a solar installation. The top chart is for a solar installation that is purchased outright, and the bottom chart is for a system that is financed at 8% for 12 years (just to use generally representative financing terms, this can vary of course).

Notes on the chart above:

• After initial purchase, the business with the solar installation receives their electricity
for free, but a business using utility company electricity would expect to see their bills
increase dramatically (about 6% per year with inflation).
• The solar installation pays for itself in about 7 years in this example.

Notes on the chart above:

• Beginning immediately in year 1, the business with a solar installation no longer
  has any utility company electricity bills, and after year 12 when financing is
  complete that business receives their electricity for free.
• For every year the accumulated payments are less for solar electricity than for
  utility company electricity.

All the information on this page is for illustrative purposes only - your results may vary depending on your specific installation and tax situation.

Customer Rebate
California offers a substantial rebate to customers that install a solar electricity system at locations connected to the electricity grid (i.e. it has an electricity meter). This rebate typically pays for about one third of the total system cost.

Tax Credits
Companies are able to take advantage of an impressive 30% Federal tax credit based on the after-rebate cost of the system. This is a dollar-for-dollar reduction in the amount of tax owed, and can be carried forward or backward a number of years given the specific tax situation.

Accelerated Depreciation
Business can write-off the depreciation on their solar system over a five-year period. This typically reduces the net cost of the system by about an additional 25%.

Property Tax Exempt
California has declared that renewable energy equipment is exempt from property tax assessments. This means that while the value of the property will significantly increase once a solar power system is installed, property taxes will not.