Installing a solar (PV) electric system allows businesses to generate passive income, which increases net worth and reduces tax burdens. Solar Electricity is now a competitive form of energy and is an economic way to reduce power costs and conserve natural resources at the same time.
The incentives available for solar (PV) systems include a 30% federal investment tax credit on the cost of the system, accelerated depreciation, and USDA grants eligible for both rural small businesses and agricultural businesses. Furthermore, many utility companies have incentives for solar, such as long term buy-back programs. Policies like these can have a lasting impact on the solar industry and consumers.
The advantages of solar and other renewable power sources are clear: relief from the volatility of energy prices, more jobs and increased domestic economic development. As the costs of solar technologies decrease, solar (PV) electric systems are moving into the mainstream and growing worldwide at 40-50% annually.
Solar is the fastest growing energy industry in the world, and for good reason. It offers a limitless supply of clean, safe, and renewable energy. The Earth receives more energy from the sun in just one hour than the world uses in a whole year it is easy to understand why solar energy has become a major focus of development all over the world.
By utilizing the tax credits and depreciation businesses can get half or more of their total system cost back in the first year. If you’d like to learn more about how we can help generate an additional income stream for your business, we’d love to meet with you for a free site evaluation and discuss how you can benefit from our solar electric systems. Please call or email to arrange a solar evaluation for your business or let us know if you have any questions about going solar.