Solar energy will reduce your business’s electric
bill, giving you control over a fixed cost.
With solar, your electric rate will remain the same for the life of the system. You no longer need to be concerned about rising electric rates.
The 26% federal tax credit allows you to gain 26% of the system’s cost back on your owed federal taxes in year one. In addition, businesses can quickly recover a large portion of the installation cost by taking advantage of 100% accelerated depreciation. You may also qualify for some grants and state incentives.
The savings generated with a solar system will drop straight to your bottom line. Compare that to revenue growth where only a portion drops to the bottom line. For example, a $10k growth in revenue with 10% margins will only add $1,000 to your bottom line. $10k of savings from solar will add $10k to your bottom line. There are no equipment or labor costs eating into that savings.
As long as the sun is shining, your solar system will produce clean energy. Plus, saving on your electric bill will free up your budget so that you can reinvest in the future of your business.
There are no moving parts to a solar system, so the maintenance and upkeep will be minimal. After installation is complete and the system is energized, you just sit back and enjoy the savings.
The savings from solar comes from offsetting your electric bill from the utility. The more electricity you use, the less you'll pay for it once installing solar and the more money you'll save over your solar system's 30+ year lifespan.
If you’re using a lot of power and your electric rates are high, solar could definitely deliver a huge boost to your business’s bottom line. And overall, electricity rates are only going to increase. If you install solar now, you’ll be protecting yourself from paying bigger bills down the road.
One of the best incentives for solar energy in the United States has been the Solar Investment Tax Credit through the federal government. Until 2021, you’ll be able to recoup 26% of your solar system’s cost through a tax credit. You’ll also be able to accelerate 100% of the tax savings on depreciation to year one, front-loading your solar investment. Talk with one of our solar experts to learn more.
Whether a roof mount, ground mount, or carport, solar panels have to go somewhere. Solar panels can securely be installed on a variety of roof types, putting underused space to work for your business. Ground mounts can be optimally positioned to get the most out of your property’s available sunlight.
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