Business Should Go Solar in Maine
Thinking about Your Business Should Go Solar in Maine. Here’s why 2025 is the best time—and how to maximize your return.
If you own or operate a business in Maine, 2025 is the year to go solar. Here’s why:
Thanks to the 30% federal tax credit, accelerated depreciation, and high electricity costs, solar is now one of the best investments your business can make.
But those incentives won’t last forever—and the sooner you act, the faster you benefit.
1. 30% Federal Tax Credit (ITC) Through 2025
The Investment Tax Credit (ITC) lets businesses deduct 30% of the total solar system cost from their federal taxes.
Example:
- System cost: $100,000
- ITC credit: $30,000
- That’s $30,000 off your tax bill this year.
2. MACRS Bonus Depreciation
Businesses can also claim accelerated depreciation under the MACRS system.
You’ll recover a large portion of your investment in just a few years—significantly lowering your effective cost and speeding up ROI.
3. Utility Bills Are a Hidden Overhead
CMP and Versant rates continue to rise. Going solar helps:
- Stabilize your monthly operating costs
- Reduce overhead
- Improve cash flow
- Protect against future rate hikes
Every dollar you save goes back into your business.
4. Show Customers You’re Sustainable
Consumers and clients care about environmental responsibility.
Installing solar helps you:
- Attract eco-conscious customers
- Stand out from competitors
- Qualify for green building certifications
Support grant applications and PR opportunities
5. Rural Businesses Can Apply for USDA REAP Grants
If your business is in a rural part of Maine, you may be eligible for the USDA’s REAP grant—which can cover up to 50% of your solar system cost.
We’ll help you apply and prepare the documentation.
6. Better Building Value + Long-Term Savings
Solar adds value to your commercial property—and improves net income.
That helps with:
- Future sales
- Property valuation
- Financial stability
- Attracting tenants or resale buyers
7. Beat the Incentive Timeline
The 30% federal tax credit is expected to step down after 2032—and funding timelines for USDA and other programs can change.
2025 is one of the best windows to:
- Maximize incentives
- Complete your install before delays or demand spikes
- Start saving now—not later
Thinking about solar for your business in Maine? Here’s why 2025 is the best time—and how to maximize your return. Want to see what solar could save your business this year?