Cost to Install Before Incentives: Approximately $971,000, equating to $1.75 price per watt (before incentives)
Breakdown of Incentives: 30% federal tax credit; SREC incentive expected: $436,044.73 (non-taxable); Ameren Smart Inverter rebate: $138, 695.00 (non-taxable)
Depreciation: For commercial projects like these, it's possible to have depreciation at 100% accelerated bonus using MACRS schedule. The system can be depreciated in the first year at 100%, which comes to be 50% of the job cost. Or it can be depreciated over 5 years, if needed.