If you’re considering installing a solar energy system on your commercial property, now is a good time to do it. Commercial solar panel costs are lower than they’ve been for a decade, having declined by about two-thirds since 2010. While each commercial solar system installation is different, the average cost for commercial solar panels has been calculated at $251, 162, which is an average of $2. 87 per watt before tax incentives and rebates. To know exactly how much solar cost will be for your business, you’ll need to have an analysis to determine the feasibility of solar for your property and the potential ROI. However, we can offer some general information to help you determine whether solar is a good investment for your business.
There are several factors taken into consideration when determining the cost of a solar panel system. The size of the system is one of the largest considerations, because a small shop and a large warehouse are going to need very different amounts of energy supplied to them. Obviously, a larger operation will require a larger, more expensive system. The type of equipment is the next factor, as solar panels vary. There are monocrystalline, polycrystalline, and thin film panels, and each has their own advantages and disadvantages in terms of efficiency, cost, and aesthetic appeal. Your electricity usage will depend not only on the size of the business but also on your location, since electricity rates are different in different areas.
What size solar energy system will your business require? Consider your hourly energy requirements and multiply it by the peak sunlight hours in your region, dividing that by the panels’ wattage to determine the number of solar panels you’ll need. You’ll also need to think about the type of mounting infrastructure that will be required, and how much of your energy you’ll need to come from solar. All of these things come into play when you’re determining the cost to go solar, as is the current energy efficiency of the building.
It’s important to note that there are many rebates and incentives to bring down the cost of installing a solar power system. In addition to federal and state tax credits and deductions, there are also other incentives, depending on where you live. Additionally, the investment you make in solar energy is easy to recoup. Not only will you start saving money on utility bills immediately, but you may also be able to use net marketing to sell energy back to the utility company. You’ll make a significant return on your investment, and you’re likely to be able to pay off your system within seven years.
If you’re looking for a solar energy installer with a stellar reputation and quick turnaround, contact Sunlogix Energy. A leading full service solar solution at the forefront of creating a sustainable planet, powered by the sun, we’ve been voted the Best Solar Company in the Desert by the Coachella community 2 years running. We offer residential and commercial solar, always striving to provide full customer satisfaction by offering premium products and professional solar installation at an exceptional value. Focused on using renewable energy to create a cleaner earth, we customize solar solutions for our clients, as well as educating them on the long-term and immediate benefits provided by solar power. Call 888-844-3808 for more information or visit our website to request a free estimate today!