How Commercial Solar Installation Benefits Businesses

Commercial solar installation can benefit businesses by providing lower energy bills and increasing property values. Additionally, it can provide a number of federal tax incentives.

During the system design phase, your solar provider will ask about your energy goals and power needs. This information will be used to create a custom system design.

Costs

If you’re considering adding solar energy to your business, you may be wondering about the costs involved. Commercial solar installation can be expensive, but generous tax incentives and lower electricity prices can help offset these costs.

The cost of commercial solar varies based on several factors, including the size and type of system you install. For example, rooftop-mounted systems cost more than ground-mounted or carport solar panels. In addition, higher quality components can increase the initial cost of a system.

However, the investment in a commercial solar power system is well worth the money. It can significantly reduce your electric bill and save you thousands of dollars over its lifetime. Moreover, it can increase the value of your property and make it more appealing to potential buyers. You can also take advantage of various financing options, such as the federal Investment Tax Credit or local incentives. Moreover, you can get a loan from a financial institution that specializes in lending to commercial clients.

Planning permissions

Before you install solar panels, make sure to check with your local planning authority and understand the requirements. Many commercial buildings were not designed with solar in mind at the time of construction, so they may require special permissions for installation. In some cases, these permissions will include a requirement to landscape the area around your system to minimize its visual impact.

For instance, roof-mounted solar panels that protrude more than 200mm from the wall surface or slope of a roof require planning permission. This restriction is in place to protect areas of historic interest and maintain their architectural integrity. The same is true for installations that face a highway, which require planning permission unless they are fitted within the curtilage of a listed building.

Also, any ground-mounted solar PV system larger than 9 square metres will require planning permission. However, a moveable ballasted system that can be removed easily could qualify as permitted development.

Tax incentives

Businesses can take advantage of a variety of tax incentives that are available for commercial solar energy systems. These can range from property tax breaks to grants and other forms of financial assistance. The value of these incentives can dramatically reduce the cost of a solar system.

In New York, for example, building owners who install grid-connected solar power can get a four-year Property Tax Abatement worth 30% of the system’s cost. This incentive is a powerful incentive for businesses to install solar.

In addition to the ITC, businesses can also take advantage of capital allowances that let them write off the entire cost of a system against their taxable income, resulting in lower taxes. This allows a business to invest more in its solar project and increase its return on investment. Moreover, the IRS has a domestic content bonus credit for solar projects that use American steel and other materials. The value of this credit varies based on the size and scope of the project.

Maintenance

Solar panels are an excellent source of energy that can reduce your commercial energy costs. However, you will need to maintain your solar system regularly to maximize its performance. This will include routine inspections and cleaning, component replacement or repair, monitoring and optimization, and warranty and service contracts.

While it may seem like an unnecessary expense initially, professional cleaning of your solar panels can boost their efficiency and extend their lifespan. Dirty or dusty solar panels can lose up to 30% of their power-generating capacity, so it is important to have them cleaned on a regular basis.

Besides cleaning the solar panels, a roofing contractor can also check the condition of your roof and identify any damage that could affect the function of your solar panel system. This will save you from expensive repairs in the future. The cost of hiring a roofing contractor will vary depending on the size of your solar system and its location.



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