Commercial Solar Systems
A rooftop commercial solar energy system is a smart investment for many businesses. By generating your own energy it not only saves money but it also protects your organization against future energy rate hikes.
Benefits & Incentives of Adding Solar to Your Business
Business owners have many options available to control electrical costs. You can purchase the PV system outright or finance the entire solar energy system. No matter which route you choose to go, here are some of the benefits:
Transform a monthly cost into a performing asset for the next 25 + years
+4* year return on investment, typically, depending on your individual financial factors*
Save on operating expenses at no expense to the environment
Capital allocation may enhance your tax position via 30% federal tax credit, depreciation models like Modified Accelerated Cost Recovery System (MACRS), or Section 179 *
Public relations advantages to being a clean energy company
Potential access to a 25% USDA grant for businesses in rural areas*
*Ask your accountant if any others apply - ROI dependent on rate structure and usage
If your building is like most industrial, warehouse, agricultural, retail and manufacturing facilities, a rooftop solar panel system is a perfect fit because of the large amount of surface area and unused space provided by the roof. A large number of commercial buildings have large, flat roofs with plenty of space for mounting photovoltaic panels. Installing a solar energy system can help turn your existing roof from an expense to a revenue-generating asset.
Once you switch to photovoltaic power, your business will be eligible for a 26% federal tax credit that can save you thousands. Solar will also help to increase your property value and present a positive PR opportunity that can bring in new customers.
For some businesses like Jim Ellis Chevrolet, solar serves a dual purpose: it provides coveted shading parking and protection while reducing grid energy costs.
Companies like Prime Power, a regional supplier of emergency power solutions for businesses, are relying on solar energy to power two of their own buildings.
Dr. Davis installed solar systems at two of his veterinary hospitals; Montrose Animal Hospital and Shiloh Veterinary Hospital. Small businesses like this one can derive great financial benefits from solar because their electricity costs are comparable or sometimes higher than residential rates. Click on this link to see their case study.