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.

Benefits of solar panels for businesses. Many businesses are now tapping into this alternative source of energy hoping to benefit from its numerous advantages. The economics of rooftop solar. Learn the benefits of going solar in business you re constantly seeking solutions. 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.

When considering ways to save money and operate your business more efficiently you naturally think about factors like inventory control business to debt. 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. In addition to the tax benefits some utility companies offer rebates to cover a portion of. Solar isn t just for intel and wal mart anymore.

Commercial solar panels make sense for businesses of all sizes. Apr 19th 2017 5 benefits of solar power for businesses. Xcel energy s renewable energy credit payouts also drop each year. Rooftop solar is increasingly cost effective for home owners business owners and their communities.

Here are three reasons why you should think about upgrading to a solar power system. 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. 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. However the national renewable energy laboratory predicts that eventually 40 of american electricity will be from solar panels.

With 100 bonus depreciation available businesses can take an immediate first year deduction on their solar installations. Now is the time to capture the money saving benefits of clean solar energy for your business. Businesses of all sizes are capitalizing on the financial opportunities of. Advantages of solar panels for businesses.

Furthermore businesses can deduct 85 percent of the value of the solar power system from their taxes. You re solving problems for clients employees and your organization. Did you know that rooftop solar panels on your facility could provide solutions.