In addition to its outstanding properties and its aesthetic integration in buildings, Onyx Solar’s photovoltaic glass benefits from multiple incentives to photovoltaics and renewables
Building owners in countries like the USA can benefit from incentives to photovoltaics, in addition to the 30% tax credit. Incentives like the Modified Accelerated Cost Recovery System (MACRS), which allows them to depreciate 85% of the investment cost in 5 years, with a 50% bonus for the first fiscal year. It allows building owners to deduct 18% of the system cost in their corporate income taxes for the first fiscal year.
Onyx Solar’s glass also benefits from other incentives at the state and local levels. More information available at the incentives database: www.disreusa.org
With Onyx Solar you will recover your investment in record time, and you will secure extra income for the next 30 years, thanks to the energy generation and the thermal insulation of our photovoltaic glass
Solar energy has become much more viable and attractive for the construction sector. This is because of the amortization of the investment through the generation of clean and free electricity from the sun, and also because of the surge in incentives worldwide.
We now carry out feasibility studies that include tax credit and incentive which may apply when using photovoltaic glass. This means that in countries such the US they can lower the cost of the glass down to only 2.5 USD/Sqft (24 EUR/sqm). It makes a difference!
In the US for example, you have on one hand the tax credit incentive for solar energy that covers 30% of the total cost of the photovoltaic system. Such 30% covers not only the cost of the photovoltaic glass, but also the rest of the components of the system that are classified as “energy property” that could include the structure that supports the photovoltaic glass, balance of system and installation.
On the other hand, you have the modified accelerated cost recovery system that allows you to recover the cost in a few months, through depreciation deductions, compared to a traditional one which is depreciated over 39 years.
In following the link you can download an example of a quote for a curtain wall in California where incentives apply.