A commercial solar system is a renewable energy generation system installed on the roof of a building. Unlike residential solar systems, which are generally designed to power single homes or households, commercial solar is intended for use by businesses, municipalities, and other large energy consumers, such as schools and hospitals.The initial price of installing a commercial solar system can be intimidating for some business owners, but financing and tax credits make the process much more affordable for many businesses. And, when combined with the energy savings generated by these systems, the cost of solar installation can be offset very quickly.
As businesses look for ways to cut costs and improve their bottom line, more and more are turning to solar. With the rising price of electricity and hints that prices may remain high, solar provides an opportunity to reduce the costs of operations by providing a reliable source of energy. And, with the added benefit of lowering carbon emissions, going solar can make a positive impact on a company’s reputation.
Whether it is an office building, warehouse or shopping center, businesses of all sizes are beginning to switch to solar in order to lower their energy costs and save on overhead expenses. With a wide variety of incentives available, going solar can be an attractive option for any business, regardless of size or location.
A commercial solar energy system generates electricity from the sun and stores it in batteries for use at night or when the weather is cloudy. This allows businesses to significantly reduce their reliance on the grid and become more independent of rising electricity costs. In addition, a commercial solar system can help reduce the risks associated with power cuts and outages by allowing businesses to generate their own electricity on site.
The cost of a commercial solar system can vary greatly depending on the size and energy output required, but as a general rule a typical small to medium sized business will spend between PS16,000 and PS70,000 on their commercial solar array. This includes the typical installation and VAT at 20% (fully reclaimable). Where more complex installations are required, such as reinforcement of a building’s roof, this can increase the overall cost of a commercial solar system.You need to go to website for more information about this article.
Federal tax incentives can make a commercial solar system even more affordable for businesses, such as the Investment Tax Credit which is worth up to 30 percent of the cost of the system, and Bonus Depreciation or the Modified Accelerated Cost Recovery System which enable businesses to claim deductions on their system over a five-year period.
If you would like to learn more about how a commercial solar energy system can help your business, contact us today to request a quote. We’ll provide you with a detailed breakdown of your options and guide you through the process step-by-step. We offer a full range of financing solutions to suit every budget and organization type, including PPAs and solar loans.It's good to click on this site to learn more about the topic: https://en.wikipedia.org/wiki/Concentrated_solar_power.
