With Commercial Solar:

  • Reduces energy bills for your business. You can’t run your business without power. Solar energy lowers your electricity costs. How much you save depends on your system’s size and energy use.
  • Cash flow and profit. Thanks to Solar Renewable Energy Credits (SRECs)and advantageous Net Metering arrangements in the Philadelphia metro area, you can profit from your commercial solar installation. Commercial customers still face ‘Demand’ charges, as Pennstar how batteries can help mitigate these charges.
  • Tax deductions. Save on your taxes with equipment depreciation. Due to 2018 tax changes, the cost of your solar energy system is now fully depreciated within the first year from your taxable income, which can save you thousands.  In addition, you are also provided a federal investment tax credit (ITC). The ITC is equivalent 30% of total system costs, including all labor and material.  A tax credit is a dollar to dollar reduction on your income taxes.  Take a $100,000 system, for example. You’ll receive a 30 percent federal tax credit, plus an $85,000 tax write-off. Please consult with your tax professional.
  • Winning customers. Going green may not be your main motivation for switching to commercial solar energy, but consumers are attracted to businesses with a sustainability commitment.
  • Employee satisfaction. Employees respond favorably to sustainable efforts and many prefer to work for sustainability-minded businesses.
  • Adds real estate value. Even if you’re not planning on selling your facility, an increased property value is helpful if you’re taking out a mortgage to expand or improve your company’s services.
  • Includes system monitoring: We check your commercial solar system and you can too. If any issues come up, our team is notified.
  • Business specific utility incentives. Business specific solar incentives such as in PECO’s territory. The PECO solar incentive is $0.10/kWh, based on net solar kWh production over a one-year period and capped at the project cost. https://solutions.peco-energy.com/solar-incentives

The advantages of solar power for businesses is undeniable. By installing solar, your business will be able to lock in electricity prices and reduce reliance on an unpredictable expense. Going solar makes it easier for companies to budget and plan for the future.

The Inflation Reduction Act’s Direct Pay Provision is a Solar Game-Changer For Nonprofits

Tax-exempt organizations can now significantly benefit from solar in the tax regime introduced by the Inflation Reduction Act. The new law has unleashed not only an option to receive a cash refund of the 30%, but also increased the potential for a larger credit depending on the conditions of the project — potentially allowing up to 70% of the project’s cost to be refunded.

Better yet, it allows nonprofits to own their solar energy system, bringing other benefits of traditional solar incentives like Solar Renewable Energy Credits (SRECs), property tax exemption, various local incentives, and net metering credits. These benefits alone can add up to thousands of dollars in savings per month for a nonprofit, on top of the reduced cost of going solar brought about by the new direct pay option in the federal tax credit.

commercial, Multifamily, Industrial Rooftop Solar

There are many programs and incentives available that make C+I solar a financial win and also create immense resiliency and security benefits to your company.