Commercial Solar
Small Mom and Pop shops, Medium Logistics, or Large Scale Manufacturing businesses can all benefit from a Solar System. Contact us today and let us hook you up!
Why Commercial Solar
Tax and Utility Incentive Explanation: Federal and local incentives can provide huge savings when it comes to a solar PV system. Our team will explain the available incentives for your project to ensure you understand your options and can maximize your ROI.
Turnkey Solution: Our team of solar specialists will handle every detail of your project to ensure you receive a hassle-free process. We will manage everything including your in-depth analysis, custom solar design, project permitting, installation, inspections, and commissioning of your system.
Solar vs. Utility Cost Comparison: Comparing your current energy costs to the cost of transitioning to solar energy will reveal the financial benefits that solar can provide. A comprehensive breakdown of this comparison will be provided to clarify the financial benefits that your project will generate.
Energy Analysis: An in-depth analysis of your energy usage and utility rate structure is a major factor when it comes to designing your system and the financial returns. Our team will walk you through this evaluation to ensure that you understand your current energy usage and costs.
Custom Design: Every solar PV system is custom designed based on the building’s energy usage, the available rooftop surfaces and our customer’s goals. Using industry-leading software, we will discover your building’s solar potential and work with you to dial in a system that will meet both your financial and sustainability goals.
BUSINESS ENERGY INVESTMENT TAX CREDIT (ITC)
Businesses that install solar photovoltaic (PV) systems are eligible to receive a tax credit in the amount of 26% of the total PV system cost. Unlike tax deductions, this tax credit can be used to directly offset your tax liability dollar for dollar. If your tax credit exceeds your tax liability you can roll the credit into future tax periods for 20 years.
In general, the original use of the equipment must begin with the taxpayer, or the system must be constructed by the taxpayer. The energy property must be operational in the year in which the credit is first taken.
FEDERAL - 100% BONUS DEPRECIATION
The Tax Reform Bill modifies bonus depreciation under Code Section 168(k) to allow 100% expensing for property placed in service after September 27, 2017 and before January 1, 2023. By increasing bonus depreciation to 100 percent, the new tax bill essentially allows eligible entities to deduct the entire allowable tax basis of the system in the first year of operation. Under the federal Modified Cost Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. MACRS establishes a lifespan for various types of property over which the property may be depreciated. For PV systems, the taxable basis of the equipment must be reduced by 50% of any federal tax credits associated with the system.