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Converting Your Business to Solar Power

Before converting your business to solar power, you want to make sure that you are making a sound fiscal investment. Going solar makes a great statement to your customers about your environmental consciousness, but you justifiably want to make sure that you are also receiving a tangible return on investment.

In the past five years, commercial use of  Solar panel contractor Cary has increased by 487% as businesses are seeing that installation costs are manageable, while their reliance on the power grid - and their electric bills - plummets. Major companies such as IKEA have embraced the concept; in their Draper, Utah store, 4228 panels power their store and produces enough surplus to power 120 area homes each year.

Installing Solar Power Equipment for Most Businesses

Installing solar power for business requires the installation of panels that are typically installed on the roof, but they can also be set up on the ground. Whether your roof is flat, standing seam, or sloped, there are workable solar solutions available. Installers mount wind resistant racks at the best angle to gather the greatest amount of sun and properly tilt them to increase output.

In the northern hemisphere, panels are usually mounted to face south and positioned to be free of obstructions so that they can receive at least four hours of sunlight during the winter solstice. While the panels are light, they can add to the roof load, especially when they are covered with snow. If the roof cannot support this weight, or if it is small or not configured for optimal panel installation, ground installation is the preferred alternative.

Lease and Purchase Options Make Installation Attractive

Installation of solar panels can be costly, but local, state, and federal incentives can bring the price down. Many utilities companies offer grants, loans, and loan guarantees to offset the cost, while some states offer a 10% corporate tax credit up to $50,000 and sales tax exemptions on certain purchases. On a federal level, businesses can claim a 30% investment tax credit that has no cap and use a modified accelerated cost recovery system (MACRS) for equipment depreciation. In addition, most solar power providers offer leasing options that require little or no down payment.

For most companies, the monthly or yearly energy savings is what makes installing solar power systems attractive. A contractor who specializes in commercial installations can help you calculate how much energy your system might generate and can help you determine how this matches up with your energy needs. You can then determine how much of your electric utility costs you want to replace with solar - some businesses are able to go 100% or even more (as is the case with IKEA), and some businesses simply choose to supplement their needs with 50% or more solar. Even if you decide to install panels to handle part of your consumption, you can continuously add on. If you produce more power than you consume, you can sell it back to the power company to offset your own utility costs.

Details

Company Name: 8MSolar Address: 101 Woodwinds Industrial Ct Ste O, Cary, NC 27519 Phone Number: (919) 948-6474 Google Map URL: https://g.page/8MSolar?share