Forward-looking California businesses have even more reasons to go solar than homeowners. Check out the tax incentives and rebates available to companies right now:
Solar benefits your business from day one by reducing and fixing your electrical costs for 30 years, and it also reduces your air conditioning load by shading your existing roof. The smartest choice by far is incorporating solar when you replace your roof. This allows you to take advantage of the 30% Federal Tax Credit and 5-year Accelerated Depreciation for the part of your roof and insulation covered by the solar electrical system, reducing the cost of your new roof significantly.
One of the best business benefits of solar electricity is its quick return on investment. Here is just one example of how quickly a solar electrical system for your business can pay for itself and save you money. Solar Electrical Systems installed a photovoltaic system on the Irvine Inn. The owners were quick to see the advantages of investing in solar and hired Solar Electrical Systems because of their vast experience and long track record in the Southern California solar market. The Irvine Inn's 90kW solar electrical system consists of 407 Kyocera modules and 11 SMA inverters, along with a web-based monitoring system. The system eliminates electric bills for the owner and tenants, keeping rents low. With rebates and tax incentives, the $585,000 project cost less than $105,000 out-of-pocket, pays for itself in 6 years, and saves the owners and tenants more than $5 Million over 30 years.