How much does a commercial solar PV system cost?
The less than obvious answer is zero.
You already pay for energy every month with no end in sight. Not to mention, you are feeding cash into the spiraling cost of energy. When you invest in a solar photovoltaic (PV) system, it is the same as using several years of future utility costs to pre-pay for the same value of electricity from your system.
Your system provides you with costs savings equal to what your utility costs would have been in the future! The outlook for the future: literally decades of virtually free power. You own an appreciating asset and beat the cost of inflated energy cost.
How do tax incentives help pay for 50% of my solar system?
Federal incentives for renewable energy offers a 30% tax credit on the purchase cost of a solar power system. You can carry forward unused portions of the incentive for up to 20 years. Additionally, there are state and Federal depreciation allowances that can provide reductions to your taxable business revenues. In California, the incentives can add up to over 50% of a solar systems cost.
What is the long-term cost benefit of a commercial solar PV system?
With your own roof-top solar PV system, you can convert thousands, and even millions, of dollars’ worth of free solar energy that’s soaking your roof or parking areas each year into usable power. You get a strategic cost-cutting advantage that lasts well into the future. You take immediate control, and predictability, of your long-term business energy costs.
Why should we adopt a long-term strategic plan for our business energy needs?
Ask any risk management or quality management guru, and you’ll find that the primary goal of a strategic plan for your company is to control long-term cost – especially for vital disposable resources. Electricity falls into that category. Virtually every aspect of your business relies on electrical energy. You do not need to be a business guru to know that energy cost will rise. The key point in your Solar Strategy is to pick a low-cost entry point to mitigate the long-term cost.
What type of return on investment can we expect?
The rate of return will vary depending upon several factors, but in our experience many businesses see a 100% return on capital investment from their solar systems in as little as three to five years. The key point to remember is that this “cost” was cash you were sending to the utility company every month which you wisely decided to put to work for you.
Will adding solar increase the value of our building or business?
Yes, it can. When you reduce the cost to operate your building or business, you increase your net operating income (NOI) which when multiplied by your CAP Rate is the basis in virtually all commercial building valuations.
Do I need to own my building where we operate our business?
No, you do not. The tax, rebate, and cost cutting benefits for solar power investment are available if you lease or own a building.
Will an installation on our roof create waterproofing issues?
Absolutely not. XsunX warrants any roof penetrations for ten years, and in many cases we can install systems with a very limited number of penetrations to secure your solar system.
Are there any benefits of re-roofing at the same time we install solar?
Yes, by re-roofing when you install solar you can earn valuable tax credits for the portions of your new roof that are directly affected by the solar installation. That can offset up to 30% of roofing costs which is an incredible way to reduce facility maintenance costs.
Will I have to maintain my solar system?
The short answer is, “No.” Current PV technology is durable and designed to last for decades. To get the most from your panels, we recommend, and can provide, simple surface cleanings about once to twice a year to remove dust and soot that may settle on the panels over time.
How long to solar panels last?
Current PV technology is has advanced to the point where panel performance is warranted for 25 years or more without significant reduction in performance.
Will my utility provide me credit for the solar power that we do not use?
Yes. In the State of California, businesses and residents who operate solar PV energy can enter into a Net-Energy-Metering agreement with your local public utility. That agreement will provide you with credit for the value of any energy you produce and send into their system. This is how some solar PV producers can make money on the power they generate.
Will tax incentives be used to help finance a solar system?
Yes, sometimes buying a solar system may not fit your cash flow or investment objectives. Given this, our lender pool offers programs that provide you ways to monetize the tax incentives upfront in return for instant utility savings.
If we do not want to pay cash, what are the options for financing a commercial solar system?
Through our lending network, we can offer business loans with 7 to 10-year payment plans, purchase through property tax assessments, and aggressive lease-to-own options that have been tailored to provide affordable purchase options. In many instances, we can provide you with a cash flow positive result from day one with minimal up-front costs.
Which is the best method to make our investment – cash, loans, or lease?
Each method has its own unique benefits. In addition to tailoring a commercial solar system designed to maximize savings, we also provide you with our analysis of how cash, loan, and leased based purchase options can help your business. Our goal is to assist you identify the best path energy for your business.
Call XsunX Today For a Free No Obligation Assessment
Call us at 888-797-4527. All we need is need your address, how much electricity you use, and the name of the local utility and one of our Energy Consultants will respond with an initial no-obligation assessment of benefits.