Industrial Solar Installations
Industrial facilities are large consumers of electricity. As such, they typically pay lower energy rates. Even in these cases, there are opportunities for solar systems to make an impact in reducing operating expenses.
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 26% 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