Your Last Year to Get Over Half Off Your Commercial Solar Investment
Personal income tax season may be over but it’s not too late to get major tax cuts for your business! For business owners, building owners and property managers, going solar can actually MAKE you money. You can pay anywhere from hundreds to thousands of dollars alone in electric bills every month. Depending on your provider, these rates can be subject to inflation and see significant increases year over year. If you’re looking for more cash flow each month or control of your overhead costs, we have a solution you may not have considered.
At each stage of the process, our commercial department at DC Solar Electric will work with you to build a system that earns you money – and with the 2019 tax incentives available you’ll only pay for half of it!
Tax Credit Demystified
The percentage of your business’ budget spent on electricity bills can induce some sticker shock, especially in those summer months. That’s why we’ve made it our mission to inform our community that 2019 is your last year to take advantage of major tax incentives. The federal Energy Policy Act of 2005 (H.R. 6) expanded the federal business energy tax credit for solar installed in 2006 and 2007. The Energy Improvement and Extension Act of 2008 (HR 1424) greatly extended the duration and terms of the tax credit available to business owners.
This Business Energy Investment Tax Credit (ITC) of 30% on solar systems allows solar to be more affordable AND provide a fast payback period. But this incentive drops to just 26% next year, and even lower after that. The best time to invest in your business is today.
Depreciation + Tax Credit = Over Half Off Your Entire System
Businesses have a lot more to consider than homeowners when going solar. With levelized cost of Energy (LCOE) and depreciation, your system could be over 50% OFF.
Under the Modified Cost Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. The MACRS establishes a set of class lives for various types of property over which the property may be depreciated. This means you only have to pay a reduced portion of the total solar system cost (when combining tax credits and MACRS). Financing options let you choose the program that works best for your business, and there are a number of programs that Placer and Nevada counties offer!
Let’s Get Real – What Does This Mean For You?
Not just savings, but new revenue streams are possible. Pay back your investment on average in 2-5 years and see major returns. A real-world example is one of our DC Solar Electric clients in Placer County. They were spending over $9,000 each month in electric bills.. After we debunked the common myth that solar costs a business money, we walked them through a proposal and broke down everything!
They purchased a system that will allow them to generate recurring positive cash flow from tenants, paying off their entire $427,000 total budget project in just 2 years. After that? They’ll be generating income, and for the life of the system, they’ll be positive nearly $4 million!
In addition to incentives and savings, DC Solar Electric provides a 25-year warranty to ensure you’re covered for the life of the system. Enjoy putting your money into other important business ventures and investments (thanks to positive cash flow) and skip the dreadful stress of high monthly electricity costs.
We’re not just all talk about this amazing deal — we’ll show you the savings personally with a free solar consultation. Reach out to our dedicated team to see your savings estimate for yourself! You certainly won’t be disappointed in our lifetime warranty and free maintenance services. To learn how you can take advantage before this offer goes away at the end of 2019, you can email our Business Development Manager David Clouse at firstname.lastname@example.org.