are there benefits to going solar commercially?
Tax Benefits - FEDERAL TAX CREDIT
The Federal solar tax credit (federal investment tax credit) doesn’t apply to homeowners alone. Business owners and commercial builders can take advantage of the credit as well. That means that 26% of the cost of your solar system can be saved in tax credits. Incredibly, there is no cap on the cost of your solar energy system that can be applied to this credit. Additionally, there are state rebates that are offered commercially to continue the savings.
More Tax BENEFITS - MACRs
Business owners and commercial builders who claim the federal investment tax credit (ITC) for a solar system also get to use the Modified Accelerated Cost-Recovery System, or MACRS. This is a system that further reduces taxes with accelerated cost depreciation. The larger the deduction you can take in one year, the smaller your overall tax liability will be. In many instances, businesses are able to cut the cost of their solar power systems in half simply by applying the federal investment tax credit, taking advantage of MACRS, and using local and state rebates.
Cut Costs - Plan Expenses
When you go solar, you own your power and become an energy producer. Homeowners without solar are currently renting their energy production. With no ownership in your utility company, you pay a monthly power bill without ever seeing a return on that payment. Why not cut them out? You pay an energy bill anyway – make that money a lasting investment by putting it into a clean energy producer that you own.
FIND OUT HOW ITC, MACRS, AND LOCAL REBATES CAN HELP YOU SAVE THOUSANDS with SOLAR
COMMERCIAL SOLAR PANELS
Commercial solar can provide many benefits for your business. From saving money on your energy bills to becoming more sustainable, solar is a great option for businesses of all sizes. If you’re considering making the switch to solar, we’re the team that can give you the benefits of commercial solar for years to come.
By installing commercial solar panels, you can significantly reduce your energy costs, which will have a direct impact on your bottom line.
Solar panels are also a great way to go green and save money at the same time. They utilize the sun’s energy to generate electricity, which can be used to power your business. Not only will you be doing your part to help the environment, but you’ll also be saving money on your energy bills.
If you’re thinking about installing solar panels for your business, there are a few things to keep in mind. First, you’ll need to determine the size and type of system that is right for your needs. You’ll also need to factor in the cost of commercial solar installation (which you can do here).
There are also various types and sizes of solar panels available, so it’s important to find the right ones for your needs. You should consult with a professional solar installer to ensure that your panels are installed correctly and that you’re getting the most out of them.
With the many benefits of commercial solar, the investment is worth it. At Elio, our experts will make sure you get the right deal to ensure return-on-investment. We’ll also handle the installation process from start to finish. Contact us today to learn more!
FREQUENTLY ASKED QUESTIONS
The installation process for commercial solar panel systems depends on the size and complexity of the project. Installing commercial solar systems can take anywhere from a couple of day to a week.
If you’re interested in installing commercial solar panels, the first step is to consult with a professional installer. They will be able to assess your energy needs and find the right system for your business. From there, they will handle the installation process from start to finish. Contact us today to learn more!
There are many benefits to installing commercial solar panels, including reducing your carbon footprint, saving money on energy costs and increasing your property value. Solar panel systems can also help you qualify for government incentives and tax breaks.
There is no one-size-fits-all answer to this question, as the best commercial solar panels for your business will depend on your specific energy needs. However, your typical commercial solar system is made up of photovoltaic (PV) cells, which convert sunlight into electricity. PV cells are typically made from silicon, a naturally occurring element that is found in sand.
PV cells are usually arranged in panels, which can be mounted on rooftops or ground-mounted on racks.