Commercial solar benefits

What are the benefits of commercial solar? Are solar panels for businesses? How big is commercial solar? Solar power gives you a great return on investment.

When thinking about switching your commercial building to solar.

Reduces your operating costs. Once your commercial solar panels are paid off, they will reduce the operating expenses. Incorporating solar power into your commercial building can dramatically increase the economic value of your property. Renewable energy systems are known to increase resale value by $ 20for every $0in annual electricity savings.

In some states, solar power systems are also exempt from sales tax and property tax increases. Time to shake off that old way of thinking and join the growing chorus of smart business owners that have discovered that commercial solar panels are a great fit for a small to mediums sized business. Solar isnt just for Intel and Wal-Mart anymore.

Businesses of all sizes are capitalizing on the financial opportunities of installing solar , proving that a solar energy system is a key strategic decision that virtually guarantees a solid financial return for your business. See full list on news. According to EnergySage marketplace data, the average commercial property owner pays around $9in monthly electricity bills before going solar.

After their installation, their electricity bill was reduced to approximately $5­­ a reduction. So how much does it actually cost to install a commercial solar panel system? The price of buying and installing solar panels has dropped considerably in the last five years, making the economics of solar even more attractive. Your system size is measured in watts, and is dependent on how much electricity you need for your business. The cost of a solar panel system is usually measured in dollars per watt.

On EnergySage, the average commercial system was priced at $2. Watt before any rebates or incentives, with most quotes ranging from $2. Take a look at the table below for price information about different solar system sizes.

These prices have already incorporated the solar tax credit. Decreased equipment and installation costs arent the only reason for your business to go solar. Beyond the direct short-term financial benefits , installing solar panels can also help your business to hedge against electricity price volatility and inflation.

In many states, the price of electricity can fluctuate significantly due to deman creating a headache for business owners who are closely managing their cash flow. By installing solar , your business will be able to lock in electricity prices and reduce reliance on an unpredictable expense.

Going solar makes it easier for companies to budget and plan for the future. Solar Tax Credits Help Ensure a Return on Investment. The Federal Investment Tax Credit (ITC) can save your company a significant amount of money on your solar power system purchase. Additionally, many states, including Connecticut, Massachusetts and New York, offer incentives to encourage more businesses to go solar. Offsetting some or all electricity use at a factory or small business with solar reduces electric bills from day one.

Greenleaf Not-For-Profit Proprietary Program. Business owners also have options to meet their needs, as Solar Energy World offers a type of “rent-to-own” option called “Power Purchase Agreements” or the ability to own your own system and fast-track MAXIMUM savings and earnings. Commercial Solar Power Benefits As a responsible business owner, you can help protect the environment now and for future generations by producing your own clean solar energy. Solar energy helps decrease the amount of fossil fuels we utilize, thereby decreasing pollutants causing global warming.

Solar’s greatest advantage, whether residential or commercial, is that it can reduce or eliminate electric bills. Since utilities are a huge expense for businesses of any size, these money savings can have a significant impact on reducing total operating costs. SolarPod systems can help add dollars to your business bottom-line in the following ways: Commercial solar systems enjoy 1 accelerated bonus depreciation.

This helps high tax paying entities to recoup some. In addition to giving you great return on investment (ROI), solar reduces monthly. One of the most attractive benefits of solar energy is the potential for lower energy bills. After the panels are installe you pay nothing for the electricity they generate from the sun’s rays.

If your business is typical, you’ll recoup your investment in the panels and installation within years. ENVIRONMENTAL BENEFITS Renewable Energy Technologies are Clean Sources of Energy that have a much Lower Environmental Impact and Benefit to Earth. Electricity rates go up year after year, and are impossible to predict. Investing in solar now protects your business from price volatility.

Depending on your location and whether you choose to buy or lease your solar system, you can lock in low electricity rates for years or more, and even eliminate 1 of your electricity bill. In these scenarios, you are being compensated for the electricity that your solar panels generate.