By going solar, commercial properties will benefit from all the incentives available at the state and federal levels. You’ll also be able to take advantage of the solar investment tax credit (ITC)—a credit that can be claimed on federal corporate income taxes for 30% of the cost of the panel system that is placed in service during the tax year. Commercial properties may also take advantage of the Accelerated Depreciation. To lower the overall cost of a new installation, any business that claims the solar ITC may be eligible for accelerated system depreciation. Using a Modified Accelerated Cost-Recovery System (MACRS), businesses can deduct a system’s depreciation expenses in their taxes over five years, rather than the entire lifespan of a system. By taking advantage of any available rebates, incentives, and tax deductions, business owners can shorten the timeline of a solar project’s break-even point, in which adoption costs equal the avoided expenses of traditionally purchased energy.