Benefits of Solar Energy
Solar Energy for businesses can be a cost-effective, practical, and effective method of reducing energy costs and an organization’s environmental footprint. The benefit of solar energy is justified purely on financial terms for most businesses, whilst for others, it may be a combination of financial, environmental, marketing and green credentials that determine the investment decision.
Commercial Solar Basics
Commercial solar systems are installations at commercial, business and industrial sites, usually roof top, sometimes ground mount. These systems can be between 5kW - 2 MW in size in size.
These systems are interconnected into the grid and net-metered on your electricity bill. Currently Oregon has ________ commercial solar systems totaling _____ MW.
Return on Investment (ROI)
Financial returns and lower monthly utility bills are major incentives for going solar. The exact savings you will see with solar depends on the following:
The federal tax credit, allows businesses who install a solar power system a 30% tax credit on the cost of the system. Whether you install a $100K system or a $1M system, there is no cap on the amount a company can claim as a credit.
Businesses may take accelerated five (5) year depreciation on the cost of the system under the federal Modified Accelerated Cost-Recovery System’s (“MACRS”).
Hedge Against Rising Utility Rates
Solar power can help insulate a business from volatility in the power markets. By investing in solar power, businesses can insulate themselves from these increases by producing their own cheap electricity.
Reputation for Quality: The decision to install solar power on your building represents a commitment to quality, care and operational efficiency.
Media Attention: While more commercial buildings are beginning to see the virtues of going green, these types of complexes are still in the minority. By marketing your building as a green building, you raise the likelihood of media attention as you are the forefront of modern construction.
Investment Advantages: incorporating solar power into your commercial building can dramatically change the economic value of the building by improving vacancy rates (if applicable) as well as lowering the buildings operating expenses. These types of commercial buildings are excellent investment vehicles for real estate investment trusts or other investors who are looking for real estate with tremendous cash flow upside.
Commercial Solar and Jobs
????Residential solar produces more in state, long term jobs than any other sector???? Oregon has approx 4000 people in solar workforce