Successful businesses are always looking for investment opportunities that will enable them to expand. Ideally, these investments will generate a high return on investment (ROI) at a rapid pace. An investment in commercial solar does just that.
The advantages of solar power for businesses will help your organization scale up with a fast return on your investment.
A commercial solar power system is an investment opportunity that’s within your reach, as countless other businesses are already taking advantage of its low initial investment requirements and fast returns. In fact, New Jersey now has a solar power capacity of over four gigawatts, with more than 157,000 individual installations. Businesses like yours are investing in a better future for themselves and for everyone else, and you can too.
You might be surprised to discover that an investment in commercial solar power can be achieved on any budget. There is a wide range of funding options for commercial solar, including cash loans, leases, and power purchase agreements, with no upfront costs to your business.
Both federal and state governments have numerous programs in place to incentivize residents and businesses to transition to solar power systems. These make commercial solar an even more attractive investment because they offset installation costs so your business can enjoy an increased and more rapid ROI.
The federal investment tax credit gives businesses a 30% tax credit on the cost of commercial solar power systems. The federal tax credit is just one example of the available incentives. Depending on which state you own property in, your business can also achieve a faster ROI with property tax valuation exemptions, sales tax exemptions, and renewable energy credits.
Commercial solar is a great investment opportunity, but many business owners are concerned that their property isn’t suited to solar power system installation or that their energy needs aren’t high enough to warrant such an investment. But the advantages of solar energy are so versatile that your business will be hard pressed to find a downside.
One option to increase solar savings is net metering. This is a state-mandated agreement with your power company that enables any excess power generated by your solar panels to be sold back to your utility company on a monthly basis. Your company then receives a credit on your energy bill for the following month. Net metering is available in many states, including New Jersey.
If you’re in New Jersey or another area that receives snow or inclement weather, you might believe that solar power would hamper your investment opportunity. However, with proper installation, solar panels will stand up to snow, hail, wind, and weather of all kinds. Lower temperatures can actually increase their efficiency, generating more power and increasing your ROI.
Commercial solar provides your business with an exceptionally economical ROI. Commercial solar systems have low operating and maintenance costs and a long production lifetime. Your business will see significant reduced energy costs as soon as your system receives permission to operate.
Organizations that take advantage of power purchase agreements or operating leases can reduce their energy costs with no initial investment.
Achieving the guaranteed ROI that commercial solar can provide comes down to ensuring that your solar power system is properly designed, professionally installed, and maintained. Geoscape Solar provides comprehensive custom commercial solar solutions that enable your business to enjoy the benefits of investing in commercial solar energy.
The expert team handles every aspect of your commercial solar energy project, from financing to design and throughout installation. They ensure that you receive every available advantage when you switch to solar energy for your businesses. With over 100 years of combined experience, Geoscape Solar knows what it takes to ensure that your business achieves a fast ROI and the long-term benefits of solar savings.
At Geoscape Solar, we help businesses utilize solar energy for profit. Your business will become energy independent, be able to decrease utility costs, and leverage available solar incentives for a quick ROI.
To discover how installing solar energy on your property will increase your business profitability, contact one of our energy specialists!