DJH Construction Inc

Promotional offer….

DJH Construction, Inc., a leading integrator of solar electric power systems announced the completion of a residential photovoltaic installation located in Fort Mojave, Arizona. This 5.06 kW system was installed on the residence of Larry Morse. The solar project was completed from beginning to end in two and a half weeks. This includes: contract signing, permitting, utility rebate reservation, final inspection, and commissioning/start-up. The actual installation itself was completed in two days after materials delivery.

Current incentives available to Fort Mojave residents include: a Utility Rebate, State Tax Credit, and Federal Tax Credit. Mohave Electric Cooperative customers are able to take advantage of a $3.00/watt utility rebate with a $12,000 maximum. This means that clients like Morse are able to offset the cost of installation by the amount of the rebate. In addition to the rebate, Morse will be able to take advantage of a $1,000 Arizona Tax Credit and 30% Federal Tax Credit. The basis for the tax credits is calculated from the net cost of the installed system, the cost after deducting the rebate amount.

The 5.06 kW photovoltaic system ties together a total of 22 Sharp photovoltaic panels onto 900 square feet of roof space. The estimated reduction in green house gas emissions from this system is estimated to be 141 tons of CO2 over the 25+ years. This reduction in green house gas emissions is equivalent to planting 5,648 trees or driving 478,644 miles in a small car.

“The Morse’s solar project is another step in DJH Construction, Inc.’s long-term commitment to advance the delivery of renewable energy to the grid. We are grateful to play an active role in growing this nascent market in Fort Mojave and surrounding counties,” said Don Harris, president of DJH Construction, Inc.

The Department of the Treasury has recently made available the instructions to apply for the Renewable Energy Grant. This grant is part of the Section 1603 of the American Recovery and Reinvestment Tax Act of 2009. It authorizes the US Department of the Treasury to make payments in the form of a cash grant to commercial, agricultural, and industrial properties that install a qualified renewable energy system such as a solar photovoltaic system.

Where previously the 30% Investment Tax Credit (ITC) allowed solar investors to reduce their tax liability by the amount of the tax credit, Section 1603 now allows investors the option to access a cash grant instead. This is advantageous to those who are looking to invest in solar but do not have the tax liability to take advantage of the 30% tax credit. Although the tax credit can be carried forward into the subsequent tax year, the full benefit of the 30% tax credit cannot be realized until taxes are filed. The grant provides a great alternative to the ITC. The solar grant allows investors to receive a cash grant within 60 days or less of the grant application or the date the solar system is placed in service, whichever is later.

If you are interested in taking advantage of the 30% grant, below is a list of eligibility and provisions for Section 1603:

o Only tax-paying entities are eligible for this grant.
o Applicable Sectors: Commercial, Industrial, Agricultural
o Grants are available to “eligible property* placed in service in 2009 or 2010
o Eligible solar-energy property includes equipment that uses solar energy to generate electricity (photovoltaics), to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat. Passive solar systems and solar pool-heating systems are not eligible. Hybrid solar-lighting systems, which use solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight, are eligible.
o Grant applications must be submitted by October 1, 2011
o The Treasury will make Section 1603 payments to qualified applicants equal to 30% of the basis of the solar photovoltaic property – this includes solar equipment, installation, and freight.

Contact us to learn more about this grant and other incentives for your solar installation at info@djhconstruction.com.