Benefits of Commercial Solar Power
Solar systems may seem like a substantial investment but they provide business owners with significant near and long-term benefits. Solar power is now less expensive than the utilities so not only will you start saving immediately but you will also receive tax incentives, recover your investment in 3-5 years and earn an annualized investment return ranging from 15-25%.
to recover your investment
Recovered through the 1st year tax incentives
Savings w/ $0 down financing
warranty covering panels, inverters, racking
26% Federal Tax Credit
The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 26% from your federal taxes, with no cap, in the year the system is installed.
Get Your Tax Credit Before It’s Too Late
The 2020 solar investment tax credit (ITC) of 26% is scheduled to decline to 22% in 2023.
100% Federal Bonus Depreciation
The U.S. tax code allows for you to either depreciate your system over a 5 year MACRS accelerated recovery period with 50% bonus depreciation in the first year, or, elect 100% bonus depreciation in the first year under the Tax Cuts and Jobs Act of 2017.
5 Year California MACRS Depreciation
California business owners may also be eligible for MACRS 5 year accelerated depreciation schedule or an elect to depreciate on a straight-line basis.
With rising utility prices and a decrease in the cost of solar equipment, solar power is considerably less expensive than what you are currently paying the utilities.
3-5 Year Payback
The significance of your solar energy savings, paired with your substantial tax incentives, will allow you to pay off your solar systems in 3-5 years. After that, you will benefit from decades or clean, reliable and free solar electricity. Our average commercial customer saves more than $1 million in energy costs over the 25 year guaranteed life of the system.
15%+ Investment Return
Solar energy is an excellent investment for any commercial or nonprofit entity with returns that outperform any major asset class and exceed normal capital budgeting requirements. Solar power systems regularly deliver IRRs of 15%+ and do it with less risk than most other investment options.
Compelling Net Present Value
Net Present Value may provide the most straightforward understanding of the financial benefits from solar because it’s in present-day dollars. When clients compare an investment in solar against their other available options, solar systems typically yield NPVs that are hundreds of thousands of dollars higher than they expect. There are few options available that look as attractive.
How Does the Process Work
At Solar Technologies, we’ve perfected the art of turning your complex energy usage and rate schedule data into a simple proposal so you can evaluate solar power for your organization in a few short minutes. If you decide to move forward, we’ll be with you every step of the way.
1. Feasibility Analysis
We conduct a full feasibility study analyzing your historical electrical usage, load profiles, usage patterns, utility billing data and areas of inefficiency to determine if solar is right for your organization.
2. Design and Engineering
Our in-house team of experts custom design solar power systems based on our feasibility study and your facility, financial objectives, sustainability goals and the applicable building codes. We use industry leading modeling and design software to ensure the accuracy of our work.
Our consultants work with you to determine the best financing options based on some of the following objectives: immediate cash flow, long-term savings, system ownership, third-party ownership, tax appetite, etc. Once you decide if a loan, lease, PPA or cash purchase is best we competitively bid providers to get you the best rates.
Our experienced teams of highly trained PMs, superintendents, foreman, electricians and installers will coordinate with your staff to install your system in a safe and efficient manner with minimal impact to your facility.
5. Performance Monitoring
We provide real-time online monitoring to ensure that your solar power system is operating properly and generating reliable solar savings.
6. Maintenance & Support
At Solar Technologies we also have dedicated maintenance and support teams ready to service your system and keep it performing to its full potential.
Your Trusted Bay Area Solar Leader Since 1998
Solar Technologies is one of the Bay Area’s leading providers of high-efficiency solar power systems. Since 1998 we’ve helped more than 3,000 residential, commercial and industrial clients save money with solar.