Commercial Solar Panel Investment Decision With Respect

Locating a solar energy system on your property is a viable way to reduce your operating expenses and add value to your customers.

Commercial solar panel investment decision with respect.

Investing in solar always gives you a net profit in the long run. Who thought solar panels would be an investment decision for business owners. Solar energy is increasingly an excellent investment for commercial and industrial electricity users. Commercial solar power uses larger solar panels that are 360 watts and have 72 cells.

Overview the solar investment tax credit itc is a tax credit that can be claimed on federal corporate income taxes for 30 of the cost of a solar photovoltaic pv system that is placed in service during the tax year 1 other types of renewable. Federal investment tax credit itc. As with our residential solar panels we use american made materials and products. When your current electricity rates exceed the costs for solar electricity then it s time to consider the solar energy savings opportunity.

The cost and return on investment will obviously vary depending in which state you live. If you operate a small business you may well have a limited space for a solar panel installation. Onsite commercial solar pv decision guide discusses general financing considerations for solar pv installations including the federal investment tax credit itc and depreciation benefits types of state and local incentives and some information on owning the system versus using a third party ownership model. We use tier 1 monocrystalline panels that provide greater efficiency and aesthetics for your business.

Owners of newly installed solar. Whether intention is to offset your current energy usage and reduce your future energy bills our solar bright team works with you to develop commercial solar power systems that recognises your energy usage and optimise your budget. This is the most significant financial benefit for anyone interested in using solar panels at their business or residence. Commercial solar prices have dropped 58 since 2012 but the federal tax credit for solar power is set to decrease each year beginning in 2020 so if you plan to take your business solar you should do it now.

Why every solar shopper should get multiple quotes when you review multiple offers from solar companies you save money. This is due to electricity prices and state incentives. If you invest in commercial solar power today you can deduct 30 of the total cost of installing the system from your federal income taxes. That means for a 100 000 commercial solar system you could receive a 30 000 tax credit.

Energysage s solar decision guide will help you evaluate solar panel quality choose solar panels for your home and find the right installer. The return on investment for such an array will probably be in line with most domestic installations of around 4 5 kw.