Commercial solar power can provide huge benefits for business owners. Renewable energy is an investment that will last for years to come. Decreasing your carbon footprint as a corporation can have a huge impact locally and globally. You will also gain favor in your client’s eyes for doing the right thing.
Commercial Solar Power Benefits
- Huge return on your investment
- Incentive programs
- Increase the value of your business and property
- Decrease operating cost
- Improve brand with a “Green” image
- Enhance local economy
- Low maintenance with high reliability
Commercial Solar Power Service Includes:
- Solar Panels
- Co-Generation (optional)
- Battery Storage (optional)
- All financing options – Purchase, Loan, PACE, PPA
- Permission to Operate
Check out our blog to learn more about industry news in the solar world.
Commercial Solar Power FAQ
Cost varies greatly depending on the size of the solar power system you choose. A small 25kW system generally costs around $60-$70k, a 100kW system costs $225-$250k, and some 250kW systems can cost upwards of $600k. Set up a consultation with a professional solar power installer to discuss exactly how much power you will need and what it will cost. $0 down Financing is available in many scenarios.
Solar cells are thin disks made of silicon that convert sunlight into electricity.
Commercial panels have different power ratings and physical dimensions than residential solar panels. Commercial panels are manufactured using more solar cells (as many as 96 in each panel), therefore commercial solar panels are taller. Commercial solar panels usually measure 77 inches by 39 inches.
Two of the main disadvantages of solar power are upfront costs and storage space. Commercial solar panels can take up a lot of space, but there are many creative ways to house solar panels efficiently. The upfront costs of installing commercial solar panels and storing solar energy are offset by the savings they provide and the incentives available to companies who choose to use solar power - and this disadvantage is mitigated through a large variety of financing options now available.
Solar panels do not produce electricity at night. However, they generally produce extra power during the day, when the sun is out. Companies who wish to keep the electricity running after dark use solar battery banks to store energy or net metering.
Although solar panels are most effective in direct sunlight, they do work when light is partially blocked by clouds. Rain is good for solar panels! Rain washes away dust and dirt to keep your solar panels clean and working efficiently to provide as much power as possible.
Yes, although solar panels work best in direct sunlight, they do continue to work when light is partially blocked by clouds.
Yes, solar panels do emit a very small amount of EMF radiation. However, it is quite small, and has not proven to be a cause of concern (https://www.ncbi.nlm.nih.gov/pubmed/26023811).
Yes, rare earth metals are used in the production of solar panels and wind turbines. Rare earth metals are also used in the production of electric cars and consumer electronics.
Commercial solar panels typically last 30+ years. However, they don’t just stop producing electricity after their 25 year warranty. After the 25 to 30 year period, solar panels still produce power as they become increasingly less efficient due to degradation.
Yes, solar panels do continue to work in the winter months. It is important to note that their output will be less than it is in summer months as the days are shorter. However, solar battery banks will offset this small loss of solar power.
No easy answer to this - it depends on which direction they’re facing and how they are shaded. A residential home for example, typically needs 20 panels to produce 80% of the power needed. Set up a consultation with a commercial solar power company to discuss how many panels your organization will need to produce a sufficient amount of power.
The capital needed to go solar depends on how you decide to pay for it. If you purchase a commercial solar power system outright, the amount of capital needed may depend on financing and lender requirements. However, if your organization decides to lease a commercial solar power system or enter into a PPA, you may be able to get solar power with zero upfront costs.
There are many factors to consider when determining how much money your organization can save with a commercial solar power system. Government tax credits and deductions for installing a solar power system coupled with programs that reduce or eliminate the cost of installation have decreased the overall power cost for some companies by 45% or more. Set up a consultation with a commercial solar power provider to learn more about the options and savings available to your organization when you install commercial solar power.
Some businesses choose to lease a solar power system to reduce upfront installation costs. However, many finance experts believe it is a better decision to purchase a solar system outright for greater savings overall. This all depends on if the business could use the tax credits and depreciation that accompany the system or not, if the business is for profit or non-profit, and what debt profile they are looking to assume (if any).
There are so many different options your company can choose from for your commercial solar power system. Your company may choose to build only enough to meet your energy needs or build more and potentially earn credits for any excess energy produced. To determine which options are best for your organization, set up a consultation with a solar energy consultant or manufacturer. They will analyze your current energy needs and determine whether or not they can fit enough panels onsite. If not, your company can use higher-efficiency panels or go offsite.
The federal investment tax credit (ITC) is currently the biggest incentive for switching to commercial solar power. In 2020, this credit accounts for 26% of the value of your commercial solar project. There are also many state and local policies and incentives for switching to commercial solar power that your company can benefit from. Finally, because Solar is an asset, there may be massive depreciation credits available on both Federal and State levels.
One of the main reasons solar power was not more widely used in the past is because the technology itself was expensive. It is now less expensive to produce solar power than it is to produce power from fossil fuel sources. This is due to incentives for companies that choose to use solar power which can offset their typical utility costs.