Commercial Solar Energy Systems
Installation & Repair
Commercial Solar Energy System Benefits
Reduce Demand Charges
Most businesses with over a 20KW demand pay a premium for their power through demand charges. Demand charges are based on monthly peak averages during various 15-minute periods. An appropriately sized solar system can often reduce these demand charges by around 50%.
Reduce Electric Usage Charges
This is pretty common sense as solar power offsets the power you buy from your electric utility company. You’d be trading high-cost utility power for low-cost solar electric power and saving money.
Immediate Tax Savings
Most businesses would like a tax break. Go solar in 2020 and your business can receive 26% of the cost of a solar system in a huge tax windfall. Hurry, this reduces to 22% in 2021, then10% afterwards).
Mid-Term Tax Savings
Depreciate a significant asset at a rapid pace. Businesses are allowed a five (5) year accelerated depreciation at 85% of the cost of the solar system. Businesses pay 100% get a 26% tax credit and are granted an 85% basis of the balance for depreciation purposes. Consult your tax professional.
Hedge Against Rising Power Rates
Investing to reduce a bill increasing with time means the initial investment will have an increasing return on investment or ROI. Typically solar energy systems produce a double-digit annualized ROI. Or in simple terms, expect a three to seven year payback on an asset with a 25 year warranty that keeps saving more money with time.
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