The Benefits Of Solar Panels For Commercial Buildings

Posted by Christopher Leo on

In many parts of the United States, the cost of commercial power is rising, which raises operational expenses. When energy prices rise, there is uncertainty about future electricity rates, which makes planning challenging. This is particularly valid for companies that make heavy use of electricity. Commercial solar energy projects, however, can significantly save energy costs while simultaneously benefiting the environment. Currently, solar-powered businesses can take advantage of two tax benefits that greatly lower the overall system cost.

In order to grow your solar company and attract new clients, it’s essential to comprehend the commercial solar energy market. In order to properly seize this business opportunity, let’s investigate this crucial sector of the industry.

Going Green Is Great For Your Brand

In recent years, consumer demand for eco-friendly goods and services has surged. As a result, several big businesses have established carbon-neutral objectives to slow down global warming by lowering greenhouse gas emissions and fossil fuel usage. In most cases, switching to renewable energy is an essential step in lowering one’s carbon footprint.

Many small and medium-sized enterprises are adopting environmentally friendly practices, despite the fact that they might not have formalized such goals. It may improve brand reputation, attract brilliant staff, and help build customer loyalty in addition to helping the environment.

Solar Panels Can Decrease Overall Cost Of Operation

Businesses must purchase electricity, but they subsequently receive nothing in return. This is so because the majority of businesses essentially rent their power rather than own it. Either the company’s property or another location may have solar panels installed. Companies that want to switch to solar energy can either purchase a solar photovoltaic system or negotiate a power purchase agreement (PPA).

Solar panels installed on a roof can be highly noticeable and make a strong statement about being green. The promotion of solar achievements can be a clever marketing tactic. To emphasize the advantages, some businesses even provide clients with solar system information, such as a plaque on the wall, a press release, or a page on their website.

PPAs enable businesses to significantly reduce their monthly electricity costs because solar energy is typically less expensive than grid power. The corporation using the power does not technically own the solar panels; rather, a different party does. As a result, businesses can frequently go solar with no money down, which is a strong selling factor. The business employing the solar energy is not only exempt from maintaining and caring for the panels, but they also do not benefit from the tax incentives. PPAs are frequently a wise choice for non-profits and governmental organizations as they cannot exploit the tax advantages in the first place.

After the solar power system has been paid, businesses might benefit from several years of “free” electricity. If your customer has a big enough tax appetite, there is a great chance to get them a federal tax credit and extra depreciation. To find out if a customer is eligible for the solar investment tax credit (ITC) and depreciation, it is critical to request that they consult with a tax professional. Be careful when providing tax advice, it would always be best to tell customers they have to contact a tax professional.

Possibility Increase Property Value

The same is probably true for commercial property owners who have solar PV systems because numerous studies have proven that solar panels improve residential values. This is due to the fact that homes with solar panels have reduced maintenance costs because their energy costs are lower. Keep in mind that for the solar system to have an effect on property value, both the solar system and the building must belong to your customer.

Tax breaks for installing commercial solar energy

Businesses using solar energy can take advantage of two federal tax benefits. These financial incentives shorten the payback period while increasing the solar system’s return on investment.

A few jurisdictions and utilities also provide additional tax breaks or refunds for commercial solar energy systems. Understanding the incentives to give potential clients this information is crucial.

Solar Tax Credit

Companies who buy solar systems before 2033 are eligible for a 30% tax rebate. However, in 2033, this incentive will fall to 26%, so it. Encouragement of commercial solar adoption before it declines makes sense.

A tax credit is a decrease in federal taxes that is made dollar for dollar. In order to benefit from the tax credit, the corporation must have a big enough tax appetite.

Bonus Depreciation Or Accelerated Depreciation

Businesses can either adopt the Modified Accelerated Cost Recovery System (MACRS) to deduct the system over six years, or they can apply 100% of the depreciation in year one with bonus depreciation. A distinct portion of the system is depreciated year after year according to the MACRS depreciation schedule.

Financing Options For Commercial Solar 

It is crucial to make sure that your client can finance the project because a solar energy system has a high upfront cost. Several alternatives exist to pay for business solar.

Financing Options For Commercial Solar 

It is crucial to make sure that your client can finance the project because a solar energy system has a high upfront cost. Several alternatives exist to pay for business solar.

Purchase Power Agreements (PPAs) Or Leases 

A third company owns the system in PPAs and solar leases, and your client only pays for the energy it produces or leases the solar equipment. Usually, the party using the electricity installs these systems with no money down.

Small business loans, for instance, may be guaranteed by the Small Business Administration. Long payback terms and low interest rates are two advantages of SBA loans, although the application procedure might be difficult. Equipment loans are another choice, although companies would need to come up with a cash down payment.

Cash

Cash might be a great option to buy a solar system if a commercial client has it. Due to the absence of interest payments, clients can use the money to cut operating costs.

If you want to learn more about our energy producing projects for commercial buildings, visit our page or you may contact us for more information.

Home Renovations That Instantly Increase Your Home Value

Posted by Christopher Leo on

If you are planning to sell your home or you simply want to enjoy an aesthetically pleasing home, it is always a good idea to update your home. Here are some house improvements that will immediately increase the value of your property if you have correctly budgeted for larger remodeling projects:

Enhance Decks with Lighting

Although installing low-voltage lighting systems may appear like a difficult DIY task, we can guarantee that first time DIYers can do it. Additionally, if your deck is the main attraction, the increased visibility will raise the overall level of safety. Due to the system’s reliance on a transformer plugged into a typical GFCI outlet, low-voltage systems are far less hazardous than ordinary domestic wiring. This reduces the voltage from 120 to 12 volts, and the current then passes through outdoor lines to power the fixtures.

Install a Kitchen Backsplash

The backsplash does not have to be one of the most expensive objects in the kitchen. A backsplash can actually be conveniently installed in a single weekend. The backsplash tiles should be installed on Saturday, grouted, and sealed on Sunday.

Upgrade Kitchen Lighting

The new multipurpose space is the kitchen. They must have space for the cook as well as be used as a workstation for children and adults, a gathering place for family dinners and dinner parties, and so on. It’s simple to create a unique solution to fit your family’s needs and the limitations of the existing wiring, even though kitchen lighting plays a significant role in creating the right atmosphere for these duties.

Fresh Coat of Paint


The interior of your home may be instantly updated and transformed with a fresh coat of paint, and considering that a gallon of paint with one-coat coverage typically costs around $38. Grays are back in style and create a neutral backdrop that allows your design to truly stand out. If you’re looking for a paint upgrade, consider using this shade.

Loose Fill Attic Insulation

One of the best home improvements is attic insulation, which frequently generates its whole cost back in increased property value. Attic insulation will save energy expenditures as well. If you’ve got an unfinished attic, giving it proper insulation is one of the simplest ways to keep a lid on your heating bill this season. 

Door Replacement

Your home will have more value when you sell it if you install a steel entry door. It creates a statement as soon as prospective buyers enter your house. If you want to replace your garage door, It’s important to know that this is for curb appeal and the  project is also costly but will surely add value to your property.

Manufactured Stone Veneer

A project to install manufactured stone veneer continues to rank highly among useful house improvements. Whether you hire out the work or do it yourself, it offers a contemporary aesthetic at a reasonable cost.

Window Replacement

Window decorating isn’t all that addressing your windows entails. Both appraisers and potential buyers will take notice of them. Wood has a higher average cost and a nearly 1% lower recoup rate than vinyl, although having similar recover rates. Prior to making a purchase, find out the answers to any questions you may have concerning new windows. Read more about the price of replacing windows.

Walls & Sidings Replacement

Over time, paint on walls can chip, or perhaps you have crayon traces left by young children that you’ve wished to remove. Paint over any holes left by hanging things on the wall. Paint your rooms with neutral hues, according to experts. Grays are back and create a neutral palette that lets you decorate your home easily. Check out our services if you want a professional to do the job.

Siding frequently plays a role in the structural components of a home that appraisers consider as part of their procedure. Siding replacement immediately raises market value.

Minor Upgrade

It’s possible for people to go all out when upgrading their kitchens, but it’s not required. A smaller kitchen remodeling job pays for itself more quickly than a bigger one.

Simple improvements like changing a home’s lighting not only give it a fresh look, but also demonstrate the level of care that has been put into it. It’s crucial to display the small details since buyers pay attention to them. Cleaning the windows may quickly freshen up the property.

We have the ability to assist our clients with asset management and value creation ideas. If you need any information please call us or submit a message with our online form to request an estimate or for general questions about our services.