With rising grid electricity prices and declining solar technology costs, business owners are finding it increasingly difficult to ignore the economic benefits of commercial solar power. Transitioning to solar can save money on energy today and hedge against rising utility rates tomorrow. However, before moving forward with solar, it is important to determine the total energy production and cost savings over the lifetime of your solar installation.
To have commercial solar power, you must connect to the traditional power grid. You can use a uniform interconnection procedure prepared by your local or regional energy provider. It provides commercial solar power for both homes and businesses. Any contract you sign should cover both technical and contractual issues with the interconnection. This safeguards both the person providing the commercial solar power and the energy company.
Going solar for your business has never
What Commercial Solar Systems Cost
Your price for a commercial solar system depends on a number of factors, including whether the photovoltaic (PV) system is integrated into or mounted on the roof. It also depends on the system rating, manufacturer, retailer and installer. The size of your system is likely the most significant factor in any analysis of costs versus benefits.
Solar Energy Incentives
The federal government offers a 30% UNLIMITED federal income tax credit, a 5-year accelerated depreciation rate, and allows customers paying alternative minimum tax (AMT) to utilize the federal tax credits. Normal state depreciation schedules apply in addition to the federal incentives.
In addition to governmental incentives, businesses can get preferred utility rates for going solar. You also can reduce or even eliminate demand charges, which can be a significant part of utility bills. Typical payback for commercial systems is around 6 years, with the added benefit of being able to install carports for solar support that provide additional functionality and value to your business.
Let us show you how easy it is to cut overhead, better manage energy costs, and be more environmentally friendly. Find out how going green can be a huge asset to your company today!