Benefits Of Solar Panels For Businesses

The economics of rooftop solar.

Benefits of solar panels for businesses.

When you install commercial solar panels you benefit from the solar investment tax credit itc which gives you a 26 federal tax credit if your solar panels are installed by the end of 2019. Here are three reasons why you should think about upgrading to a solar power system. However the national renewable energy laboratory predicts that eventually 40 of american electricity will be from solar panels. 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.

Many businesses are now tapping into this alternative source of energy hoping to benefit from its numerous advantages. Advantages of solar panels for businesses. Did you know that rooftop solar panels on your facility could provide solutions. Solar isn t just for intel and wal mart anymore.

Reductions in technology prices innovative financing and growing networks of solar installers and financial partners all helped drive down the prices for household systems in the united states by 45 percent from 2010 to 2014. Whether you re a property owner looking to boost the value of your real estate or an organization looking to cut costs solar power for businesses is not only an environmentally conscious energy choice but will also increase your bottom line. Commercial solar panels make sense for businesses of all sizes. With 100 bonus depreciation available businesses can take an immediate first year deduction on their solar installations.

Xcel energy s renewable energy credit payouts also drop each year. The federal solar tax credit starts to phase out at the end of 2019 dropping to 26 in 2020 21 in 2021 and landing at a permanent 10 for commercial properties starting in 2022. When considering ways to save money and operate your business more efficiently you naturally think about factors like inventory control business to debt. Furthermore businesses can deduct 85 percent of the value of the solar power system from their taxes.

Rooftop solar is increasingly cost effective for home owners business owners and their communities. Apr 19th 2017 5 benefits of solar power for businesses. Reduced operating costs solar power systems will reduce or even eliminate. In addition to the tax benefits some utility companies offer rebates to cover a portion of.

You re solving problems for clients employees and your organization. Learn the benefits of going solar in business you re constantly seeking solutions. Despite such a leap of faith in solar energy based on clear proof of the benefits of solar power for businesses the united states solar power industry accounts for 1 of total electrical production.