Commercial Solar FAQ
Think of solar as an investment that actually provides a return. A custom designed solar energy system will help you hedge against rising energy costs, reduce building operating costs, increase property value, show your commitment to the environment and elevate community goodwill.
Utilities can be one of the largest business expenses. It’s frustrating to have little control over your electric costs. Conventional electric energy costs have been rising at around 3% per year—and that number’s rising. Operating amidst these changes can be worrisome. Solar energy will lock in your electric rates for 30 years or more. Over the years you’ll protect your bottom line, reduce your overhead and keep more of your money available for your business or organization.
We’ve worked with business owners and executives in every sector including manufacturing, healthcare, agriculture, hospitality, and more to strengthen their bottom line with clean energy. We partner with businesses and organizations of all sizes and we’ve helped hundreds like you.
We believe in relationships. Our work style is collaborative and partner-based. We look forward to working with you to determine a solar solution that makes sense for your unique organization.
Our experience ensures a smooth solar process with few surprises. We know what it takes to develop and deliver a successful solar project:
Careful site analysis and evaluation of solar opportunities (single & multi-site)
Commercial solar systems can draw on several sources for savings: the federal tax credit, federal accelerated depreciation, and individual state incentives.
Federal Incentive for Commercial Solar Power – Just like residential properties, commercial properties are eligible for the Federal Investment Tax Credit (ITC). The ITC is currently a 26% federal tax credit for your business when you decide to switch to commercial solar power.
The tax credit is a dollar-for-dollar reduction in the income taxes your business would otherwise pay to the federal government. The ITC will be reduced each year until 2021, after which it will remain at 10% permanently for business and public entities.
In addition to the federal ITC inventive, there are a few other local incentives available to businesses and organizations. Your Third Sun Solar Commercial Consultant will give you the most up-to-date information on solar incentives and financing.
Project finance is an important component of solar, and we are happy to provide our expertise in this area alongside our technical expertise. In addition to loans and leasing, our solar experts can provide a structured financing product such as a Power Purchase Agreement (PPA). This type of arrangement is especially attractive to customers such as schools that do not pay taxes and therefore cannot use the important 26% tax credit.
Our customer-centric approach treats each client and project as an opportunity to deliver an individualized solution. We listen first to understand and clarify each client’s desired outcomes, and then deliver reliably and professionally.