http://www.decaturmetro.com/2010/12/24/east-decatur-station-installs-900000-in-solar-panels/ Decatur Georgia News, Events, Atlanta News Wed, 17 Sep 2014 22:05:31 +0000 hourly 1 http://wordpress.org/?v=4.0 http://www.decaturmetro.com/2010/12/24/east-decatur-station-installs-900000-in-solar-panels/#comment-83771 Mon, 10 Jan 2011 16:09:02 +0000 http://www.decaturmetro.com/?p=20705#comment-83771 This is a great move taken by the owners of East Decatur Station. In addition to the generous Federal and State clean energy incentives, their solar energy system gives them a long-term hedge against rising Georgia Power rates. One commercial client of mine estimates his power bills will rise by 17% THIS YEAR.
The Federal and State clean energy incentives apply toward the total cost of the solar installation, equipment and labor. The Federal incentive comes as a 30% tax credit or a grant (your choice.) Georgia provides a 35% tax credit. Also, the Feds allow you to depreciate the system on an accelerated 5-years schedule.
All-in-all, this investment will probably pay back the EDS owners in 4-5 years, and will continue to produce electricity for them for 25 years or more.
Not bad!

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