This commercial solar installation for the Cape Cod & Islands Association of Realtors in the Cape Cod town of West Yarmouth will provide over $11,700 in energy savings every year! In addition, it will generate approximately 34,465 kWh of clean energy annually. That offsets the amount of carbon dioxide emitted by 4.1 homes’ electricity use for an entire year!
Go solar, save money in your business
West Yarmouth business owners care about the planet, but solar can help them save money, too. According to Inc.com, “the average commercial property owner paid $1,950 in monthly electricity bills before going solar. After their installation, their electricity bill was reduced to approximately $500 - a 75% reduction.”
Every organization is different, so visiting your location will help us give you an accurate solar estimate. If you’re a Massachusetts nonprofit or business owner, contact us for a free solar site assessment.
Affordable commercial solar on Cape Cod
The federal government offers generous benefits for businesses looking to harness the power of the sun. In 2020, businesses that install solar can take advantage of the 26% federal tax credit. In addition, according to the Solar Energy Industries Association (SEIA), “the U.S. tax code allows for a tax deduction for the recovery of the cost of tangible property over the useful life of the property. The Modified Accelerated Cost Recovery System (MACRS) is the current depreciation method for most property.”
While nonprofit organizations like CCIAOR cannot take advantage of tax credits like these, they benefit from exemptions on SMART incentive taxes.
The bottom line
Commercial solar panel installation, like this West Yarmouth array, offers nonprofits and business owners significant annual utility savings as well as an opportunity to feel good about their business’s carbon footprint.