Projects
- Department of Children and Families Goes Green with QuickBeam Energy
- Blueberry Farm Harvests the Sun in Central Florida
- Ford Dealer Reduces Overhead by Installing Solar Energy System
News
- QuickBeam Energy Brings Commercial Real Estate Solar Systems to Central Florida
- Florida-Based QuickBeam Energy Sees Commercial Solar Demand Soar with Federal Tax Credits Extension
- Rates for Solar Generated Power Remain Unchanged
- QuickBeam Energy and Weikert Ford Celebrate Earth Day with a Solar System at the Lake Wales’ Dealership
- Significant Savings in Solar Electric Systems Available Now
- QuickBeam In the News
Success Stories
Florida-Based QuickBeam Energy Sees Commercial Solar Demand Soar with Federal Tax Credits Extension
Winter Haven, FL November 18, 2008 – With recent legislation extending federal tax credits to businesses utilizing solar energy installations, Winter Haven, Florida-based commercial solar design and installation firm QuickBeam Energy is experiencing unprecedented demand.
On October 3, 2008, the solar investment tax credit (ITC), as an item of the Emergency Economic Stabilization Act of 2008 designed to address the U.S. financial crisis, extended tax credits through 2016. It is the most significant federal policy ever enacted for the solar industry.
“This landmark legislation creates a viable commercial solar energy market in Florida,” comments Max Wilson, Principal of QuickBeam Energy. “With these tax incentives, along with current and future electricity rate projections, a solar power installation will pay for itself within 6-8 years, providing monthly energy cost savings to building owners and businesses. A building’s value is also significantly enhanced with the solar system.”
“Our electrical contractor installation partners, along with architectural engineering firms, are seeing vigorous demand for solar power throughout Florida,” states Wilson.
According to the Solar Energy Industries Association, solar energy is expected to be the least expensive source of electricity by 2016. The solar investment tax credit provisions will:
- Extend for 8 years the 30-percent tax credit for both residential and commercial solar installations
- Eliminate the $2,000 monetary cap for residential solar electric installations, creating a true 30-percent tax credit (effective for property placed in service after December 31, 2008)
- Eliminate the prohibition on utilities from benefiting from the credit
- Allow Alternative Minimum Tax (AMT) filers, both businesses and individuals, to take the credit
- Authorize $800 million for clean energy bonds for renewable energy generating facilities, including solar.
- For information on QuickBeam Energy’s services, call (863) 401-2725, email info@QuickBeamEnergy.com or visit www.QuickBeamEnergy.com.