Are you interested in installing solar panels at your business, but are not sure how to find the solar financing that you need to get the project off the ground? This is hardly an uncommon situation with business owners lately, but it is an easily correctable problem. Not only are there a number of private financing options, such as leasing the solar equipment or buying solar electricity from panels owned by a third party company, but there are also numerous government incentives that were designed to help kick-start business investment in renewable energy.

As it stands, it is entirely possible for a business or corporation to find enough solar financing to cover the vast majority of the costs of installing the solar panels. For projects that begin in 2011 it is possible to receive a payment from the Department of Treasury worth 30% of the costs of installing the solar panel system through Section 1603 Renewable Energy Grants, plus a 100% bonus depreciation on the solar equipment. There is also a corporate tax credit that allows eligible technologies to take an additional 30% credit under U.S. Code Title 26. These are only the Federal programs, many individual states and local government offer additional incentives to increase renewable energy use in their districts, and private financing is available to supplement whatever is remaining.

However, many of these benefits will lose their potency in 2012, including the Renewable Energy Grants and depreciation, so it is best to act swiftly and get the project rolling while you are offered the most incentives possible. As long as you are able to use some capital to get the project started it is possible to use these tax credits and grants, in conjunction with private financing, to build your own solar power system and drastically reduce your energy bills for the next several decades.