Solar ITC Stepping Down
October 15, 2019Commercial Solar Fontana
October 22, 2019Commercial Solar Ontario
Have you thought about Commercial Solar energy for your Ontario business?
Do you feel that solar is only meant for corporations and your business is too small?
Did you know you not only save on energy costs, but additional savings through tax credits and write offs?
Did you know that the energy the sun provides to the Earth for one hour could meet the global energy needs for one year?
Commercial solar installations in Ontario provide a number of financial benefits. In addition to these benefits, installing solar panels can also help your business to hedge against increased energy costs. In many states, the price of electricity can fluctuate significantly due to demand, creating a headache for business owners who are closely managing their cash flow. By installing solar, your business will be able to lower electricity prices and reduce reliance on an unpredictable expense. Our commercial solar solutions for your business makes it easier for companies to budget and plan for the future.
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How Much Can You Save on a Commercial Solar Installation?
According to marketplace data from EnergySage, property owners of commercial real estate pay the highest rates among all US states in monthly electricity bills before going solar. After commercial solar installation, the electricity bill for the commercial real estate properties was reduced to approximately $91 – an 83% reduction! Are you interested yet?
So how much does it actually cost to install a commercial solar panel system? The price of buying and installing solar panels has declined a great deal in the last five years, making the economics of solar even more attractive. A variety of factors determines the cost of solar panel installations.
The energy requirement of your business is the most important. The cost will also be influenced by the quality and attributes of the system installed. Not all solar panels are created equal. While the specific cost of solar for your business depends on a number of factors, we are here to help.
Every industry and location is different when it comes to energy use. That means that the industrial energy solution for the building down the street might not be a solution for your location. However, both of these businesses are losing operating costs to opportunity cost by not going solar, they spend more money on electricity bills.
More Ways to Reduce Energy Costs Through a Commercial Solar Installation
The local and federal government provide a number of incentives for commercial property owners who are looking to install commercial solar in Commercial Solar Ontario.
For anyone interested in using solar panels at their Commercial Solar Ontario business, this is one of most significant credits you can achieve. Owners of newly installed commercial solar panel systems in Commercial Solar Ontario get a federal tax credit for 26 percent of the cost of the system.
- Federal Solar Investment Tax Credit (ITC): For anyone interested in using solar panels at their business, this is one of most significant credits you can achieve. Owners of newly installed commercial solar panel systems get a federal tax credit for 26 percent of the cost of the system.
- Accelerated depreciation: Businesses can deduct 85 percent of the value of the solar asset from their taxes, providing another significant offset to the upfront cost of a system array through both state and federal depreciation methods.
- Performance-based incentives (PBIs): PBIs, including Renewable Energy Certificates, are a way for solar owners in some markets to receive payment from their utility for the solar electricity that their system generates. These incentives can be significant and greatly enhance financial returns for system owners over the life of the system.
Even More Reasons to Install Commercial Solar for Your Ontario Business
In addition to the cost savings and tax benefits business owners receive from installing solar, there are other reasons to move forward with solar installation for your business or commercial property. Here are some additional benefits.
Commercial Solar Provides Reliable and Low Maintenance Energy
Solar energy systems require little to no maintenance. The panels are installed on a rack on the roof of your building and nothing moves. In California where the weather is relatively calm year round, you can count on your solar panels to be easy to maintain and you will not encounter issues like you would in other regions with more extreme weather.
In addition to reliable equipment, most plans come with a warranty service that will allow you to contact one of our maintenance technicians to come out and repair any solar panels that might have gotten damaged or don’t work. For more information, please contact us today to talk to a representative about how the maintenance works.
Business Solar Supports a Green Business Approach
Solar power systems derive clean, pure energy from the sun. Installing solar panels on your commercial property helps combat greenhouse gas emissions and reduces your collective dependence on fossil fuel. When fossil fuels are burned to produce electricity, they emit harmful gases that are the primary cause of air pollution and global climate change. Not only are fossil fuels bad for the environment, but they are also a finite resource. Because of this, the price is constantly fluctuating and can increase in a short period of time.
Renewable energy also improves public health. Coal and natural gas plants produce air and water pollution that is harmful to human health. But replacing fossil fuels with renewable energy sources, such as solar power, can reduce premature mortality as well as overall health care costs.
Real Life Results
Case Study - California Commercial Solar Installation Ontario, an Important Renewable Energy Source for this Specialty Mushroom Grower
Hokto Kinoko, a grower and producer of mushroom superfoods in California, utilizes a Revel Energy commercial solar installation to reduce energy costs by approximately 60%. One of many California businesses lowering energy costs and raising net income.
Researchers at Hokto Kinoko believe mushrooms are the ultimate super food, packed with health benefits yet to be fully realized by the American public. Their state-of-the-art facility in San Marcos, CA, is used for production and research. Prior to Revel Energy installing a comprehensive commercial solar power system, the building used over 2,710,000 kwh per year.
Saving Electricity Costs While Investing in Capital Expenditure
Hokto was spending a significant portion of operating costs in electrical usage and demand charges. Adding to expenses, the facility needed a new commercial roof. “They were consuming a lot of electricity,” explains Martin Brix, Revel Energy VP of Solutions. “Solar power alone was not going to drastically lower their power bill.” Brix determined there was a need to add an Energy Storage System to knock off peak demand charges.
A total of 2,960 360W monocrystalline solar panels and a 285 kW – 405kWh energy storage system were installed. Hokto will supplement their energy consumption from San Diego Gas & Electric with 60% renewable energy. “They were essentially able to save a major portion of their power bill with this solution,” Brix explained. “By taking advantage of the savings, 26% Federal Tax Credit and accelerated depreciation, they offset the cost of their new roof. Solar was the vehicle to offset a major expense… in this case it was a new commercial roof.”
Revel Energy finds it common for customers, like Hokto Kinoko, to bundle a new commercial roof with their renewable energy projects. This adds to Revel Energy’s comprehensive energy solution. Combining multiple technologies is important for capturing maximum energy savings. In this case, Hokto now has a new, more energy efficient roof backed by a standard commercial roof warranty.
California businesses spending $1,500 or more in monthly electricity charges stand to benefit greatly from commercial solar and other renewable energy technologies. Incentives like the 26% Federal Tax Credit lowers the initial investment for building owners and operators. Many other incentives are available and businesses are encouraged to reach out to a commercial solar professional like Revel for a free consultation.
Considering rising energy costs, Hokto Kinoko will save an estimated $9.7m over 25 years. Future expenses like these are common for California businesses. A commercial solar installation is essential to control California’s rising utility costs, averaging 6% growth per year.
ROOFTOP SOLAR
Commercial grade rooftop solar is ideal for: manufacturing, warehousing, logistics, industrial, retail, hospitality buildings and more with over 10,000 sq. ft. rooftops.
CARPORT SOLAR
Free standing carport solar generates added solar power for properties with limited rooftop space. Added benefits include shading and protection for employees vehicles.
ENERGY STORAGE
Crucial for reducing peak demand charges. Automated to supply electricity when your panels won’t. Energy storage is ideal for businesses that incur significant peak hour charges
LED LIGHTING RETROFIT
Generating independent solar power is one piece of the puzzle. Energy saving equipment like highly efficient LED Lighting completes the system. Significantly reduce energy usage.
Revel is on a mission. Dedicated to renewable energy solutions since 2009, Revel Energy was formed to provide Commercial, Industrial and Agricultural businesses with alternative energy beyond solar. Revel stands out from the competition by paying attention to what makes good business sense to each individual client, implementing a wider range of technologies to free up capital and make businesses sustainable and more profitable.
OUR SERVICES
TURNKEY COMMERCIAL GRADE SOLAR, ENERGY STORAGE, LED LIGHTING AND MORE.
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Client Testimonial: Kelemen Company
Corporate Business Park in Irvine, CA has created significant electricity cost savings through commercial solar installed across the 5-building business park.
Client Testimonial: Tice Gardner & Fujimoto LLP
See how this CPA firm saved on electricity and gained valuable tax credits through commercial solar that they used to keep cash in the businesses.
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