Rebates and Incentives H2_rebates_and_incentives

The ClearEdge5 currently qualifies for significant clean energy rebates and tax incentives.

The Self Generation Incentive Program (SGIP) is available to anyone who is receiving either electricity or gas from any investor owned utility, including:

  • Pacific Gas & Electric
  • Southern California Edison
  • Southern California Gas (“The Gas Company”)
  • San Diego Gas & Electric

The rebate program provides $2.50/watt for fuel cell equipment. For the ClearEdge5 that translates into a $12,500 check for each unit installed at a qualified site! To learn more about the SGIP program, contact your utility provider, or check out the California Public Utilities Commission’s informational website here.

A federal fuel cell tax credit, an extension of the Investment Tax Credit (ITC), adds additional savings. A tax credit is different from a tax deduction, which subtracts money from gross income before tax liability is calculated. The ITC actually entitles the taxpayer to subtract the amount of the credit—dollar-for-dollar—from total federal tax liability.

Home Owners qualify for incentives totaling $17,500

For Home Owners, the fuel cell extension of the ITC will credit 30% of the cost of the unit, up to $1,000 per kW. When a ClearEdge5 is installed at a home, it qualifies for a $5000 total credit.

Businesses can save over $25,000 through rebates and tax incentives

For Businesses, the ITC will credit 30% of the cost of the unit, up to $3,000 per kW. In this case, the ClearEdge5 qualifies for a $15,000 total tax credit.

Click here to get more information about the Investment Tax Credit. For details please speak to your tax consultant.

Also for businesses, the purchase of a ClearEdge5 energy system qualifies for accelerated depreciation deductions. Speak with your tax consultant for details. To get more information from the Database of State Incentives for Renewables and Efficiency (DSIRE) click here.

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