The system is expected to potentially save AGUP – with southeast Arkansas locations in Halley Junction, Dumas, Eudora and Portland – more than $994,437 in energy costs over the next 30 years by meeting 83% of its electricity demand.
“AGUP Equipment, formerly known as Arkansas Ag, has been providing southeast Arkansas producers with quality John Deere equipment and service for decades,” said AJ Hood, Delta Solar partner. “Their decision to include solar in their new facility shows a continuous commitment to not only southeast Arkansas but the environment as well.”
According to AGUP Equipment CEO Kyle Fulcher, the company is committed to its communities, employees and customers. AGUP Equipment also strives to be innovative and is always seeking new ways and creative solutions to exceed customer expectation.
“Incorporating Delta Solar’s customized solar energy system into our business operations strengthens our ability to continue to provide quality products and services at low costs,” Fulcher said.
Businesses like AGUP can take advantage of two key tax provisions to significantly reduce the cost of a solar energy system: 1.) A federal Investment Tax Credit equal to 30% of total system cost and 2.) Accelerated depreciation allowing a business to depreciate 85% of the system cost in the first year of operation.