[/caption]Why does your business needs commercial solar installation? How can it help you drive down costs?
1. The cost of traditional energy is increasing. Renewable Energy World maintains that 49 out of 50 states have seen an increase in average cost per watt for electricity in the US. On average, retail electricity costs increased by 5%. Meanwhile, power from the sun is essentially free.
2. Installation costs are expensive, but federal and state governments often provide credits to offset them. The Federal Investment Tax Credit gives a 30% tax credit for solar electricity systems.
3. Businesses can take advantage of net metering and sell their excess power to utility companies. Certain state laws require utilities to purchase power from businesses generating solar power, further cutting costs.
4. Government solar financing programs are available for large-scale projects. The loans are typically from 7 to 10 years, and often have no or extremely low interest.
How much your business can save will depend on how much it already uses, but you can typically save up to 70% off your normal costs over time.
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