BENTLEY GLOBAL SOLAR

Sustainable Renewable Energy Credit (SREC)

An SREC is a tradable certificate that represents the clean energy benefits of electricity generated from a solar electric system.  An SREC can be sold or traded separately from thegenerated power. SRECs can provide incremental value to the owner, greatly enhancing the financial value of the project.

Renewable Energy Credits (REC)

A REC "GREEN TAG" is a tradable certificate that represents the clean energy benefits of electricity generated from a wind system. A REC can be sold or traded separately from the generated power. RECs can provide incremental value to the owner, greatly enhancing the financial value of the renewable energy system.

 

 

Investment Tax Credit

 

The Emergency Economic Stabilization Act of 2008 extended a 30% Investment Tax Credit for the next 8 years for the purchase and installation of a solar photovoltaic systems. This tax credit significantly improves the payback and rate of return on any solar project. Taxpayers eligible for the ITC may opt for a renewable energy grant from the U.S. Treasury Department instead of the ITC. 

Renewable Energy Grant

 

The American Recovery and Reinvestment Act of 2009 established a federal grant program where taxpayers may opt for a grant from the U.S. Treasury Department, instead of the ITC to pay for up to 30% of a solar or wind energy system.

 

Accelerated Depreciation

 

Solar electric and solar thermal systems are eligible for 5 years of the "Modified Accelerated Cost Recovery System (MACRS)". Using this depreciation schedule against a system with a 25+ year engineered life allows more of the depreciation to be taken sooner in the asset life which increases the overall financial return of the project.