Commercial Solar
The Right Investment For Your Business
Investing in commercial solar panels can significantly improve your financial performance by stabilizing energy costs and providing a strong return on investment. You’ll also enjoy valuable tax benefits, helping to protect your bottom line from rising energy expenses.
Solar Tax Incentives for Businesses
Installing commercial solar panels qualifies your business for tax incentives, speeding up the payback period and boosting profitability.
Investment Tax Credit
The Investment Tax Credit (ITC), also known as the federal solar tax credit, is the most popular incentive for commercial solar projects. This credit lets you reduce your federal tax liability by a percentage of your solar installation costs in the year the system is installed.
For systems that start construction before 2033, a 30% federal tax credit is available. Almost all commercial and utility-scale solar projects qualify for this credit.
Modified Accelerated Cost Recovery System (MACRS)
MACRS allows businesses to recover their solar investment over five years through annual tax deductions. Commercial solar installations can benefit from both the ITC and MACRS depreciation. When both are applied, the depreciable basis is reduced by half the value of the 30% tax credit. MACRS is available for commercial solar projects in all 50 states.
Production Tax Credit
The Production Tax Credit (PTC) offers a per-kWh tax credit for commercial solar projects, providing an annual tax credit for the first ten years of system operation. The base credit is adjusted for inflation annually. Projects must choose between the ITC and the PTC, as they cannot use both. While utility-scale projects in sunny areas might prefer the PTC, most commercial solar projects benefit more from the ITC. The PTC is available for commercial solar projects nationwide.
Direct Pay for Non-Profits
Non-profit organizations can now benefit from solar tax incentives through a direct pay option introduced by the Inflation Reduction Act of 2022. This allows tax-exempt entities like governments, churches, and public schools to receive the full value of the solar tax credit as a direct cash payment.
USDA REAP Grants
The USDA Rural Energy for America Program (REAP) supports agricultural producers and rural small businesses in installing renewable energy systems. It offers grants covering up to 50% of project costs. By combining the 30% federal solar tax credit with the 50% REAP grant, you can reduce initial project costs by up to 80%. Loan financing options are also available for remaining expenses. REAP grants are available for rural commercial solar projects nationwide, covering half the setup costs for farmers and rural businesses.
Benefits of Commercial Solar
Discover the financial, environmental, and personalized service benefits Green Panda Energy offers with commercial solar.
Maximize Your Bottom Line
Lower energy costs and potential revenue from excess energy make solar a smart investment for long-term financial gains.
Boost Your Green Credentials
A commercial solar installation reduces your carbon footprint and positions your business as an environmentally responsible leader in your industry.
Unlock Financial Incentives
Take advantage of government incentives and tax credits designed to make commercial solar adoption financially attractive. Our expertise ensures you navigate these incentives seamlessly, optimizing your return on investment.
Ensure Uninterrupted Operations
Keep your business running smoothly, maintain productivity, and avoid costly downtime with our battery backup solutions tailored to your unique needs.
A company you can trust.
Solar Panel Installation demand is high. Partner with a reputable company like Green Panda Energy.
Why go solar?
There are many good reasons to install solar panels on your property.
One of the biggest advantages of solar energy is that it is a renewable and sustainable source of energy. Solar panels convert the energy from the sun into electricity, which means that they don’t produce any greenhouse gasses or pollutants.
This makes solar energy a clean and environmentally-friendly way to power your home.
Solar energy is a great way to take control of your energy usage. With solar panels, you can generate your own electricity and reduce your dependence on the grid.
Cost Savings
Solar panels can significantly reduce your electricity bills.
Environmental Impact
Solar energy is a clean and renewable source of energy that does not produce greenhouse gas emissions.
Property Value
Homes and businesses with solar panels can be more valuable in the real estate market.
Energy Independence
Solar panels allow you to generate your own electricity, reducing your dependence on the grid.
Tax Incentives
Tax credits and rebates, for homeowners and businesses that install solar panels.
Low Maintenance
Solar panels require very little maintenance, and most systems come with 25-year warranties.
Durability
Solar panels are built to last and can withstand extreme weather conditions.
Community Impact
Solar energy can have a positive impact on your community by reducing air pollution and lowering energy costs.
Get a no cost energy assessment & solar evaluation
We offer $0 down finance options and a wide array of custom finance packages to fit your budget.
Need a new roof or other home efficiency upgrades? No problem! We can help be your one stop option to make your journey to solar simple and efficient!
Solar panels are a great investment for homeowners who are looking to reduce their electricity bills, support the growth of the renewable energy industry, and reduce their environmental impact.
