Commercial Solar Panel Returns

The federal solar tax credit also known as the solar investment tax credit or itc is the single most important solar incentive available in the united states.

Commercial solar panel returns.

I cash in on the investment and get 30 back. Most solar panel installations combined with the feed in tariff and energy savings will provide a reasonable return on investment. Of course there is the initial cost of installation versus the consequent lowering of energy bills and greener credentials. Now no one makes bespoke chandeliers quite like you do and in 5 years time your business has grown to three times its original size.

Business and commercial solar panels return on investment. Obviously the more energy your system produces and the more of that energy you directly use yourself the better that investment is even with the greater cost of installation. How to calculate solar panels roi. If you install solar panels before the end of 2020 you will receive a tax credit that is equal to 26 percent of the cost of your solar installation.

Domestic solar panel returns up to 6 50 as electricity prices rise. When you install commercial solar panels you benefit from the solar investment tax credit itc which gives you a 26 federal tax credit if your solar panels are installed by the end of 2019. And it should not be used as the only source of information when making purchasing. Other factors that may affect whether solar panels for commercial buildings make sense for you include solar panel efficiency over time the age of your roof and if you want to guarantee the return on investment performance or other energy efficiency projects such as led lighting hvac etc with energy savings insurance or solar production.

For further information and advice regarding commercial solar panels and large scale solar power business projects we would be delighted to be of assistance. Typical returns for a well sited 4kw solar panel installation in january 2019 came in at a surprising 6 50. Contact geo green power for free on 0800 988 3188 or fill in the online enquiry form to request a quote survey or a brochure. For many businesses who want to install commercial solar panels the major issue they first need to address and quantify is the potential return on investment of course there is the initial cost of installation versus the consequent lowering of energy bills and greener projected credentials but there are also options such as the feed in tariff fit and the renewable levies exemption.

It does not constitute professional tax advice or other professional financial guidance. For many businesses who want to install commercial solar panels the major issue they first need to address and quantify is the potential return on investment. This guide provides an overview of the federal investment tax credit for those interested in commercial solar photovoltaics or pv. Despite a reduction in tariff rates from 41 4 p kwh in 2010 to 3 79 p kwh in january 2019 rising electricity prices are driving solar pv returns up over the last 2 years.

How do you get a return on your investment.