Why take your Company Solar?

With the ever increasing costs for electric power, the high price of oil and the growing concern for the environment, many businesses are finding alternative sources of energy. Solar renewable energy is a sustainable choice and one that can be used in many commercial situations.   

Top of the list of reasons to go solar are the reduced operating costs. Solar power systems will reduce or even eliminate your company electric bill. Businesses of all sizes can benefit from the money savings which can have a tremendous impact on operating budgets. 

Having a solar power system installed will lock in the prices for up to 20 or 30 years. Better planning of operating costs month over month.  

ROI shows time and again that going Solar is a smart investment. Government incentives as well as a speedy depreciation of the costs means the utilization of solar power is a sound investment. With the new Inflation Reduction Act signed in 2022 it means it is a good financial decision for public agencies, nonprofits and most businesses.  

Once installed, a solar power system will require little or no maintenance at all, most especially if there are no batteries being used. The system will provide electricity quietly and cleanly for 25 to 40 years. Many solar panels carry a 25-year warranty. With Caldus Energy the system will have a Solar Insure plan covering it for 20 years.

Utilizing electricity from solar power will result in lower consumption of fossil fuels, reducing greenhouse gas emissions and pollution. By using this alternative source, any business or company can show dedication in the battle against global warming and can reduce the country’s dependence on foreign sources. 

Going green will not only reduce operating expenses, it is also a great PR and marketing tool. Having an environmentally responsible image is good for any company, as it can generate a positive response from consumers.

For more information on what commercial solar can do for your business .
                                         Contact us below.

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Solar Incentives for Commercial Installations

Solar incentives come in many different forms. Here are a few common programs:

Tax credits

A portion of your project costs can be deducted from your tax obligation, reducing the amount of taxes you pay when you file. In addition to the federal ITC available to all Americans, some states have their own state solar tax credit in place.

Business-owned solar power systems are eligible for two nationwide incentives in the US: the Investment Tax Credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS).

MACRS, allows the business to write off the asset value of a solar PV system in only five years. This depreciation counts as a tax deductible expense, and the cash flow of your solar investment improves.

You can combine the ITC and MACRS, but you must subtract half of the ITC from the solar asset value. For example, if your solar installation gets the 26% tax credit available in 2022, you can depreciate 87% of its value over five years (after subtracting 13%).

Rebates

A partial refund is returned to the owner after they buy their system. Typically, this involves buying from a solar vendor, then filing for a rebate with the utility company, local government, or other organization running the rebate program.

Property Tax Relief

In some states, solar systems are exempt from property taxes. The building is assessed as if it did not have a solar power system installed, reducing the property owners tax burden.