Sun Collectors solar experts understand that you want to know if it’s worth investing in commercial solar in Peoria IL. So, give us a call at 309-204-9081 and we can show you the value of going solar.
The cost of electricity represents one of the highest overhead costs for a business owner. Plus, you’re at the mercy of power companies who can raise rates at any time if you stay on the grid. As a result, sudden price increases add uncertainty to your business. That makes it hard to maintain good cash flow management. However, you can stop all that uncertainty and high overhead cost by making a conversion to renewable energy. In addition, we offer $0 money down financing to help you avoid large upfront costs right away.
Our company wants to inform you of the many great benefits you can receive with commercial solar in Peoria IL. So, contact us now for a free consultation to get detailed information. For your convenience, you can continue reading for an overview of how going solar helps your business.
The financial savings alone make it worth it to get commercial solar in Peoria IL. EnergySage data states that theaverage commercial business owners spent $1,950 per month on electricity. After converting to commercial solar, energy costsdropped to approximately $500. So, that’s a 75% savings on energy cost and one of the most compelling reasons to make the switch.
With the sun as your source for power, you can reliably plan on overhead costs by getting commercial solar in Peoria IL. With the financial savings discussed above, you can assure that your business cuts expenses and keeps them lower with solar. Plus, you won’t need to worry about fluctuations with the price of electricity. Your new solar system will help you avoid the uncertainty of expenses from the power grid. With solar, you’ll always pay the same rate unless you increase your power load. So, you get the peace of mind that comes with cost certainty.
The tax incentives you receive also make it worth it get commercial solar in Peoria IL. Local, state, and federal government entities support the move towards solar power. To help facilitate more conversions, legislators are providing some beneficial tax incentives and financial assistance programs. When you convert your business to solar power, you can benefit from the following:
This United States federal government tax credit allows a 30% rebate on the overall cost of installing a new solar power system. For example, you would receive a $5,200 tax credit toward a $20,000 solar panel installation bill. Also, the program does not cap benefits. So, you can make a substantial investment and still receive the 30% tax incentive. However, the benefit amount will decrease after 2022. In fact, the program will scale back credits to 22% in 2023, and 10% thereafter.
Your business also can use accelerated depreciation to write off installation of solar energy equipment. The Modified Accelerated Cost-Recovery System (MACRS) is another incentive from the federal government. While typical equipment depreciation tax deductions occur over the entire life of most investments, the MACRS initiative is different. It allows you to write off the cost of the solar panel system in the first year. Consequently, you can take advantage and significantly improve your cash flow and financing of your solar array.
This solar energy program through the state of Illinois allows you to recover equipment installation costs by using your system’s energy production. Government frameworks calculate one SREC being equal to 1,000 kWhs. They make it mandatory for electric companies to pay you for every SREC you produce from your new solar panels.
With net metering in place, Illinois requires your company’s power provider to track your renewable energy production and consumption during each monthly billing cycle. Any surplus you produce will act as a credit on your future energy bills. Therefore, it makes sense to get commercial solar in Peoria IL.
Sun Collectors specializes in helping businesses convert to commercial solar in Peoria IL. So, what are you waiting for? Call us now at 309-204-9081 or send us a message online to schedule a free consultation. We can help you save money on your power bills, cut your overhead, and write off your costs with great available tax rebates.
