Elevate Your Business with the Power of Commercial Solar Energy
Upgrade to commercial solar for long-term savings on energy costs and take advantage of tax incentives and accelerated depreciation for an even greater return on investment. Harnessing the power of the sun has proven to be a smart financial decision for businesses looking to improve their bottom line and to fuel their sustainable future.
Commercial Solar Incentives
The Federal Investment Tax Credit (ITC): This is a federal tax credit that allows businesses to deduct a portion of the cost of their solar system from their taxes. For commercial solar systems, the ITC is currently set at 30%.
Accelerated Depreciation: This allows businesses to write off the cost of their solar system over a shorter period of time, typically five years, rather than the typical depreciable life of a building.
State and Local Incentives: Many states and municipalities offer additional incentives, such as rebates, grants, and property tax exemptions, to businesses that install solar systems.
Own Your System, Own Your Tax Credit
For businesses with significant tax liability and a high cost of electricity, owning a commercial solar system can be a great choice to help offset the tax burden as well as the cost of power. With the Federal Investment Tax Credit (ITC) set at 30% of the total system cost, going solar makes more sense than ever before. Reduce your expenses and improve your bottom line by inquiring about purchasing a system today.
The Power Purchase Agreement
For some businesses, financing a commercial solar system may not be the best course of action. A popular alternative is the Power Purchase Agreement. No tax liability? No problem. Simply buy the power that your system produces at a significantly reduced rate without having to own and maintain the system. Only certain projects qualify, don’t hesitate to inquire about a Power Purchase Agreement today.
We work with you and your team to plan and schedule your commercial solar project, so that we can get done on time and on budget. Not only will we help you select the right system for your business, we will also make sure that all of the details are covered and that you fully understand your investment.