Commercial solar panels are a hot topic within small to micro-enterprises. The use of solar panels gives small business owners huge savings, but it also attracts customers who are very much keen on environmental awareness.
However, a significant number of micro-enterprise owners are still indecisive about the use of commercial solar panels. They often think that it’s just something for prominent business owners.
If you own a small business like a novelty coffee shop or small local grocery store, here are a few things you need to know about commercial solar panels:
1. Commercial solar panels come in various scope and sizes
Commercial solar panels are simply used to describe solar power use for businesses. It doesn’t necessarily indicate a specific size and scope of solar power use.
Because of this, some commercial solar panel systems can be smaller than residential solar panels. So if you’re thinking of using solar panels just for emergency use, you can get smaller solar panel units.
2. The use of commercial solar panels is loaded with tax exemption
More and more states are promoting solar panels even for businesses. Because of this, business owners can get a minimum of 26% federal solar investment tax credit to reimburse the cost of solar panel installation. You can also get a Modified Accelerated Cost Recovery System (MACRS) specifically for solar equipment depreciation over time.
This means your solar panel installation and maintenance can be 100% free. Plus, you get all the savings for yourself!
3. Financial benefits of a solar panel system
It’s estimated that the average solar power user can get up to $1,300 savings on electricity bills every year. That is more than a thousand dollars more for your total income.
Furthermore, research shows that traditional electricity connections are becoming more and more volatile every year. So having an alternative power source is a must.
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