MH Electrical designs and installs the best photovoltaic PV systems for your property and financial needs. We create custom solar designs for every customer. Our longstanding relationships with local electrical distributors allows us to offer our customers affordable solar solutions.
We are experts at navigating Colorado’s complex and changing landscape of solar permitting; and we maintain good working relationships with Colorado’s utility companies. The strong electrical background of our integrated sales, design, and installation teams ensure that we install affordable, safe, and efficient solar power systems.
MH Electrical is committed to helping you understand how solar can be a valuable investment for your business. We explain the financial benefits of commercial solar energy systems, including federal tax incentives that allow businesses to recoup about 50% of solar project costs within the first year!
The IRS offers two tax incentives for commercial solar projects. First, the 30% Federal Investment Tax Credit (ITC) is available for solar systems placed in service by 12/31/19. The credit amount is uncapped and equal to 30% of total system cost. Second, Modified Accelerated Cost Recovery System (MACRS) is a method of depreciation in which a business’s investments in solar property can be recovered through tax deductions. Under the 2018 tax plan, MACRS benefits can be taken all in the 1st year. Taken together, the federal tax credit and depreciation can reduce commercial solar project costs by about 50% within the first year!Residential Solar.
MH Electrical will help you understand how a solar electric system can reduce your electric bills, lower your tax burden and minimize your home’s energy footprint.
Our services include:
Turnkey solar design & installation: on your roof, on the ground, or as a parking canopy, patio or pergola
Solar plus storage packages that provide battery backup during grid outages
Installation of electric vehicle (EV) chargers
Go Solar In 5 Easy Steps:
The 30% federal tax credit is available for solar energy systems installed before the end of 2019. The uncapped tax credit is equal to 30% of total system cost! It is applied against your income tax liability for the year in which the system is installed, or it can be claimed for the previous tax year or carried forward.