It’s Time to Take a Look at the Five Benefits of Commercial Solar

One of the highest overhead costs for many businesses is utility bills. Relying on the power grid means being subject to relatively high and fluctuating electricity costs. It can also add a level of uncertainty due to sudden price increases, especially impacting cash flow management. Let’s look into how your business could benefit from solar power installation.

Think it’s something a small or medium-sized business owner cannot consider? Solar panels are an increasingly popular energy source alternative for businesses. Today’s solar panels have been dropping in price – so it’s time to see how your businesses can benefit. Whether a small retail store, small manufacturing facility, or an office building, solar energy can be tailored to meet your energy requirements and operational demands. With modular design options and flexible financing solutions, businesses can easily install, expand or upgrade solar systems as energy needs evolve.

1. Enhanced energy independence. Generating your own electricity onsite from sunlight means reducing dependence on grid-supplied power. Long term, the savings you accrue from lower energy bills can offset your initial investment in solar installation, resulting in long-term financial benefits for your business.

SUCCESS STORY:

https://www.energy.gov/eere/solar/articles/success-story-clearer-picture-us-solar-power-performance

2. Insurance against rising utility prices. Solar energy generated onsite insulates your business from energy price volatility and supply disruptions providing greater stability and predictability in your energy costs, enhancing business budgeting and financial planning.

3. Commercial businesses can take advantage of federal grants, incentives, and rebates to enjoy a 2-year ROI. Around the state, people are discovering how converting their commercial or agricultural operation to solar energy pays long-term dividends.

• Illinois Shines Program  — An ongoing program paying businesses tax credits relative to the amount of solar energy produced. Businesses earn credits sellable for the first 15 years, averaging around $900 in annual earnings.
• Illinois Solar for All Program — Another one-time program providing a financing plan upon purchasing solar panels for business renters and property owners.
• Net Metering — Allows businesses to supplement their energy consumption with solar energy, ultimately lowering their utility costs. Plus, eligible customers compensated for excess energy generated.
• Property Tax Exemption — Depending on location, businesses may receive lower property tax rates based on type of solar.
• Local Incentives — Some municipalities and counties also include benefits for Solar Renewable Energy Credits (SREC)

Here’s a summary of what IL Solar will explore for your system:

• 30% Federal Investment Tax Credit
• 10% Energy Community Tax Credit Bonus

(Must be located in a designated energy community to qualify)

• 10% Domestic Content Bonus Credit
• 50% or more of the project must be U.S. manufactured to qualify
• 5-year MACRS depreciation

4. Decrease carbon footprint for environmental sustainability. Switching to solar power helps businesses reduce their carbon footprint. Solar systems generate clean, renewable energy without producing harmful emissions of greenhouse gases – an eco-friendly alternative to fossil fuels. When your business embraces solar energy, you demonstrate commitment to corporate social responsibility and environmental stewardship, enhancing your brand reputation. You will attract environmentally conscious customers, investors, and employees with solar.

5. Reduced operating costs. Solar systems offer an attractive return on investment (ROI). Payback periods typically range from 3 to 7 years, depending on system size, energy consumption, and local incentives. Once you recoup the initial investment, your business enjoys decades of virtually free electricity – substantial savings over the system’s lifespan.

• Solar panel systems projected to – Enable commercial settings to reduce energy costs by about 75%.
• Beneficial if your business incurs avg. $1,000/month for electricity – Monthly savings reduce the cost to $750/month, a $250 reduction in energy costs.
• Save $9,000 in a year – Substantial dollars to pay off cost of solar panels in 3 to 7 years. (Even if monthly less than $300 – a commercial solar system may be beneficial.)

ILLINOIS SOLAR SERVICES is passionate about helping Illinois commercial and agricultural operations convert their energy expenses into a controllable asset with solar energy. We also assist with the transition by helping you with the utilization of state and federal grants, incentives, and rebates. The Land of Lincoln is the Solar State — with numerous funds approved to help businesses convert to solar.

Our owners and operators have lived in Central Illinois our entire lives. We take great pride in our work, our reputation, and making Illinois a better place to live.

Our online quotation tool makes it easy for you to get a quote on solar started today, tailored for you:

https://illinoissolarservices.com/get-a-quote/

Ready to explore whether ILLINOIS SOLAR SERVICES is the right solar installation company for you? Email David Knight or call 309-444-0982 today!