Why Businesses Go Solar
More and more corporations are choosing to go solar not only because of what they "give back" environmentally but for what they "get back" financially. Here are some of the many benefits of a commercial solar photovoltaic system:
Attractive Return on Investment
With rapid payback, strong internal rates of return, and a predictable cash flow stream, commercial solar projects can deliver outstanding long-term investment returns for businesses. In addition to dramatic reductions in your company's ongoing electricity costs, in many cases, a commercial solar project can generate incremental revenue, effectively creating a new profit center.
Benefit from Government Incentives
Federal and state and frequently offer attractive rebates and incentives to encourage businesses to invest in solar. Effective utilization of available incentive programs can dramatically reduce the upfront cost of solar while providing a predictable long-term revenue stream.
Eliminate Energy Cost Volatility
Electricity prices are highly volatile and difficult to predict. In fact, historically, the cost of electricity has increased at compound annual growth rates in excess of 5%. By generating your own clean electricity onsite, you eliminate your company's exposure to such price volatility.
Marketing and Public Relations Benefits
Solar conversion will position your business as a forward-thinking, environmental leader. Your customers, employees, vendors, shareholders and neighbors will be fully aware of your corporate commitment to the environment and your local community.
A business that converts to solar not only reduces their carbon footprint, they promote U.S. energy independence, helping to decrease America's need for foreign energy.
Federal Commercial Solar Incentives
The U.S. government supports the deployment of clean and renewable solar power through the Section 48 Investment Tax Credit, the Section 1603 Treasury Grant Program, and the tax depreciation program, MACRS — Modified Accelerated Cost Recovery System. Learn More
State Commercial Solar Incentives
State-level incentive programs often determine the feasibility of a corporate solar project. At EnterSolar, we actively track commercial solar incentives at the state level, and provide our clients with real-time guidance that maximizes their ROI.
Utility Commercial Solar Incentives
Many electric utilities are now offering incentives to businesses converting to solar, including upfront rebates, attractive long-term SREC purchase agreements (Solar Renewable Energy Certificates), and below-market financing options.