Commercial Solar Panel Making Any Investment Decision

Rising electricity costs and good roof space provided by commercial properties make a solar panel system a sensible investment.

Commercial solar panel making any investment decision.

Investing in solar always gives you a net profit in the long run. Whether your business is looking to save money reduce its carbon footprint or secure its future energy supply mypower provides expert commercial solar installations with proven high yielding solar panels. Many commercial organisations have already realised the huge potential income stream available from solar energy. Federal investment tax credit itc.

So before you buy into the hype we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money. Unfortunately the federal investment tax credit rate for commercial solar energy systems is projected to drop to 26 in 2020 22 in 2021 and 10 in 2022. Key benefits of commercial solar there are significant benefits to be had from investing in solar energy for businesses both large and small. Wunder provides construction and term financing for commercial solar projects.

To tap the energy and economic potential of solar commercial property owners and long term lessors must objectively evaluate the business case for solar on each property and track the projected return on investment roi over time. Owners of newly installed solar panel systems get a federal tax credit for 30 percent of the cost of the system. The primary reason for this surge relates to the large scale installation of solar panels while building a solar farm. The advancement of this industry was slow in the past decade but it is soaring at a great pace in the current era.

This is the most significant financial benefit for anyone interested in using solar panels at their business or residence. With rising energy costs putting your roof space to good use can be a sensible decision. Hawaii is an incredible place to go solar with its combination of high electricity and daily hours of sun. Wunder s dedicated team will always work directly with you to get your unique project financed.

That means for a 100 000 commercial solar system you could receive a 30 000 tax credit. They make it sound so easy but the truth is whether solar is a smart long term investment for you depends on a few major factors. Financeable project structures range from traditional commercial solar ppas to feed in tariffs community solar developments and unrated credit offtakers to name a few. The industry associated with solar panel manufacturing and installation has seen a rapid boom.

Some states also offer additional tax credits. Clearly different states with similar sunshine levels can have completely different roi. This is due to electricity prices and state incentives.