Another Mashpee business has chosen commercial solar. This Cape Cod company’s unused roof space has become a revenue stream that will save over $29,000 in electricity costs annually! In addition to substantial cost savings, the solar panels will produce enough clean energy to offset the greenhouse gas emissions from 72,135 pounds of coal burned per year!
Solar tax benefits
Generous federal & state solar incentives make commercial solar a no-brainer. Companies that go solar in 2021 receive a 26% federal tax credit. In addition, accelerated depreciation (MACRS) allows further tax benefits.
Customers prefer green businesses
Going solar makes smart financial business sense, but combating climate change is just as important. In addition, customers are actively looking for environmentally-friendly businesses now more than ever before. According to Forbes, “consumers are looking for more environmental accountability from companies, and some are willing to pay extra for more sustainable products.” By going solar, you help your customers feel good about choosing your services.
Commercial Solar Leasing
For the greatest financial benefit, owning your commercial solar array is best. This customer decided to own the system, which we typically recommend. That said, commercial solar leasing could make sense for some. For example, if you own a large industrial building and want to generate income and help the environment without the up-front costs of owning solar outright, you might consider a commercial solar lease.
As the property owner, you won’t be responsible for payments or maintenance, but you also can’t enjoy the tax benefits of owning the system. You will, however, receive either a discounted rate on electricity or a straight cash payment for the next 20 years.
Why your business should go solar
Commercial solar provides immense financial benefits and allows your company to be a part of the green business movement. Thus, Cape Cod businesses like this one in Mashpee are wise to consider it.
Contact us to schedule a free site assessment and find out how much your company could save today.