Thursday, October 29, 2020
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A Quick Overlook of – Your Cheatsheet

Why Should You Opt To Power Your Commercial Property Using Solar Energy

To say but the least, the benefits of installing solar panels and running a commercial property on solar energy are quite a number. Our article here takes us through some of the key benefits there are that come with the use of solar energy for running or powering a commercial establishment like yours.

Talking of the reasons why you should be thinking of running your commercial establishment on solar power is looking at the immense cost savings that you get to achieve by so opting for it as you primary power source. By and large, using solar to power a commercial building can lower your energy bill by up to 40%. The cut you achieve in your energy bills means more cash in your hands as a business and these can then be invested elsewhere thanks to the increase in your cash flows at the end of the day. There are as well the tax incentives availed by the various states and these are as well some advantages that you should take. Generally speaking, these particular tax incentives and rebates indeed go a long way in reducing the total cost one may spend in a solar installation. In fact with the incentives such as the Federal tax incentive of 26% tax credit and the 100% bonus depreciation allowed, you can rest assured that the entire cost of installation can be recovered in the first year.

The other reason why you should think of powering your commercial property using solar panels and solar power is looking at how flexible the financing options are for these projects. As a matter of fact, when it comes to financing options for these projects, you can be sure to be spoilt of choice. It is advisable for you to consult with your solar installation company so as to be advised on which of the various financing plans will be best suitable for your solar installation needs going forward.

Having said these, it has to be mentioned as a fact that the use of solar power for a commercial property owner would as well be seen as a sure move considering the fact that it is an investment that promises such sure returns going forward. Suffice it to say that the installation of solar panels on your property shouldn’t be considered an expense but an investment. By and large, from the cost savings all the way to the boost the use of solar has on property value and curb appeal, it is such a fact that the use of solar is the best way to go in this day and age.

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