Clean Energy Design has over a decade of experience installing Commercial Solar PV systems, particularly in Massachusetts where state government incentives have led the way year after year. More and more business owners are realizing that they can turn their biggest idle assets (roof and land) into profitable real estate and at the same time save money while doing their part for the environment.
Why you should not wait to invest in solar PV Systems for your commercial site now…
Since solar PV panel costs have fallen in the past decade, many business owners wonder if they should wait another year or two to invest. We would point to an objective assessment of that question in an article in Forbes magazine from back in May of 2014. As Harry Forbes pointed out, “Regardless of the future price of solar cells, the other costs of a solar PV installation (called balance-of-system or “BoS” costs) are much more stable. These are the costs for engineering, voltage inverters, foundations, racks, site prep, installation, permitting, controls, etc. …the BoS costs in the US have been steady …” And the time to invest in solar he says? “Yesterday, but now if you haven’t already. Especially if you own sites is in states like Massachusetts, New Jersey, California, Arizona, New York, North Carolina, Hawaii or Colorado…”
Businesses may take advantage of lucrative tax incentives, such as the 30% Federal Business Energy Investment Tax Credit. In addition to this aggressive tax credit, there is another federal incentive which also reduces the payback period substantially. It is the 5 Year MACRS (Modified Accelerated Cost-Recovery System) depreciation on renewable energy equipment and all installation expenditures. Here is an example to further demonstrate the cash benefit of this kind of incentive.
Sample commercial solar system cost = $120,000
Total Depreciable Basis (85%) = $102,000
Assumed federal tax rate = 35%, state tax rate = 9%
The total cash benefit of depreciation over the 5 years (plus initial investment year) works out to a very substantial amount – $44,880! See more details on our Solar Incentives for Businesses page.
In addition to the ITC. Turnkey Commercial Solar Power Installation
We offer comprehensive, start to finish solutions which span all four phases of a typical 30kW to 2MW solar power installation:
1. Site evaluation, system design and sourcing
We research and gather requirements, conduct a site analysis, determine which technologies are best for your situation, source the best contractors and negotiate prices and contracts on your behalf.
We design your system to minimize solar energy costs and maximize system lifetime and production.
Our solar energy installers and partners provide onsite management, address any construction challenges, maximize system design, mitigate risk and ensure quality results.
4. System maintenance and monitoring
We offer custom maintenance and monitoring packages to ensure your system performs at peak efficiency.
If you are interested in installing a commercial solar PV system but are concerned that your site is not conducive, have the experts at Clean Energy Design come take a look. If you do not know where to turn for financing help, we have partners that will provide financing options for your business. We have a solutions for every scenario! Either fill out the Commercial Site Assessment form or give us a call at (508) 563-6990 today!