Cost of Commercial Solar Installation
Schools, farms, and businesses large and small can benefit from solar installation.
There are a variety of incentives available to California commercial property owners including local and federal tax incentives. Your solar system provides a long term investment that saves money on energy costs and adds value to your property
Solar power provides businesses with an affordable, renewable, predictable, and sustainable source of energy.
Solar systems not only help you go green, but save green with flexible financing solutions, tax incentives, and proven long term energy and money-saving advantages.
To better illustrate these benefits, we’ve highlighted some of the greatest economic advantages of commercial solar power.
Cost of Solar Energy
Due to the rising costs of traditional electricity and thanks to improved technology and manufacturing, the cost of solar energy is now less than other energy sources in a number of markets.
With Southern California’s consistently sunny weather, your business can have a consistent, renewable energy source that also provides an economically advantageous investment in both the short and long term.
The cost of solar energy depends on the amount of electricity used as well as the upfront costs involved in installing a new solar energy system.
Below is an estimated percentage of costs by part:
Ways To Save On The Cost Of Commercial Solar Installation:
- 30% Federal Tax Credit
- 100% Bonus Depreciation
- Battery Rebate
Solar power not only saves money long term, but can be an affordable, wise investment for businesses large and small from the very first day.
California business owners can benefit from a number of local and federal incentives that lower the cost of commercial solar installation, saving you money and increasing the value of your investment.
Percentage Of Cost By Part
Cost Of Solar Panel:
Solar panels are the costliest portion of a commercial solar system.
They account for 44-52% of the total cost, but often include a 25+ year warranty.
The panel is an essential part of any solar system.
Cost Of Solar Inverter:
The inverter converts direct current (DC) electricity into alternating current (AC) electricity, provides real-time net metering, regulates the source of a building’s energy, and sends information to the remote monitoring system.
Because of these important functions, a solar inverter is a necessary and key part of any solar system.
It accounts for 35-40% of total costs.
Cost Of Labor Installation:
The cost of commercial solar installation also includes the cost of labor, which accounts for 10-15% of total costs.
Cost Of Balance Of System:
Other “soft costs” to consider are the costs of drawing plans, engineering stamps, permitting, filing required paperwork with the city and utility, and other costs that are required to successfully install a solar system.