— Commercial —
Why Businesses Go Solar
More and more corporations are choosing to go solar not only because of what they “give back” environmentally but for what they “get back” financially. Here are some of the many benefits of a commercial solar photovoltaic system:
With rapid payback, strong internal rates of return, and a predictable cash flow stream, commercial solar projects can deliver outstanding long-term investment returns for businesses. In addition to dramatic reductions in your company’s ongoing electricity costs, in many cases, a commercial solar project can generate incremental revenue, effectively creating a new profit center.
Benefit from Government Incentives
Federal, state and even local governments frequently offer attractive rebates and incentives to encourage businesses to invest in solar. Effective utilization of available incentive programs can dramatically reduce the upfront cost of solar while providing a predictable long-term revenue stream.
Eliminate Energy Cost Volatility
prices are highly volatile and difficult to predict. In fact, historically, the cost of electricity has increased at compound annual growth rates in excess of 5%. By generating your own clean electricity onsite, you eliminate your company’s exposure to such price volatility.
Marketing and Public Relations Benefits
Solar conversion will position your business as a forward-thinking, environmental leader. Your customers, employees, vendors, shareholders and neighbors will be fully aware of your corporate commitment to the environment and your local community.
Go Green… and Red, White, and Blue
A business that converts to solar not only reduces their carbon footprint, they promote U.S. energy independence, helping to decrease America’s need for foreign energy.
Your business can break away from high electric bills by switching to solar power. Generous state and federal incentives, such as the solar Investment Tax Credit (ITC), make commercial solar panel installations a much more affordable proposition than they were even a few years ago. Businesses of every type and size are embracing solar energy to reduce operating costs and increase profitability.
FINANCE YOUR COMMERCIAL PROJECT WITH C-PACE FUNDING
Commercial Property Assessed Clean Energy (C-PACE) is an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings.
C-PACE enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, and Water Conservation Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms up to 20 years.
Questions? We have answers.
1. How can switching to solar increase my organization’s bottom line.
By helping to reduce your overhead costs associated with your utility expense, installing renewable generation provides increased cash flow to your business, freeing up capital to increase your business’s bottom line and give you an edge in an ever-competitive environment.
2. What are the Federal and State Incentives for solar and can my organization take advantage of them?
There are two major incentives that make solar attractive for a business. The first is a limited time 30% federal tax credit – effectively providing a 30% discount of the cost of a solar power system in the first year. The second incentive is accelerated depreciation (commonly referred to as MACRS) which provides the ability to depreciate solar over 5 years with the depreciation front loaded at the beginning of the depreciation period.
3. Is a solar installation affordable?
With generous tax incentives, simple payback for solar projects ranges between 5-7 years for most for-profit businesses looking to buy systems outright. For companies looking to have no up-front cost, there are multiple financing options that still save you money every month while making solar affordable.
4. Do I have to pay for the entire system upfront?
No. Our team is trained to help choose the best option that fits your needs. By answering a few questions, we can provide a financing option from our approved and vetted financing partners that fit your goals – helping you stay cash-flow positive for the life of the financing.