Advantages of solar electric system (Business Solar)
Commercial application for solar power has never made more sense. Rising electrical costs, and incentives from the government have made solar electricity a viable option for today's businesses.
Electrical rates are increasing 20% to 30% every year. This is a trend that will continue. Commercial solar electric systems give businesses the ability to offset high electrical rates, or even eliminate them completely! With a solar electrical system, businesses can forecast energy expenses well into the future. Depending on the system installed it also enables a business to ultimately keep operating cost down by prepaying for their energy at a fixed cost. This advantage will only increase over time as utility rates skyrocket.
There are several incentives available for commercial solar electrical systems. These include:
- 30% Federal tax credit
- IRC Section 179 which allows for immediate depreciation up to $250,000 for 2009
- 5 year Modified Accelerated Cost Recovery System (MACRS) Depreciation.
- State of Minnesota is currently offering a $2 per watt rebate.
- Solar Energy is a great public relations and marketing tool. The public perceives companies that are using green energy as forward thinking and socially responsible businesses.
- No sales tax
- No property tax increase
A solar electrical system is a long term, low risk, and high return way to invest your money. Solar offers an initial annual return on investment of 5-11%. A typical system will last for 25-40 years.
Call Midwest Energy Products and let us help you figure out which system will work for your business.
For more information please contact us.