Businesses invest in solar to pursue their sustainability initiatives, reduce operational expenses, lower their tax liability, with the added benefit of enhancing their company brand and image in the marketplace.
For many businesses, solar is primarily a financial decision, typically justified and substantiated by a favorable ROI or cost savings analysis. Local incentives including tax credits, depreciation benefits, grant funding and rebates are also considered.
Reduced operating costs thanks to thousands of dollars of savings on monthly electricity bills
Lower tax liability with the federal solar investment tax credit (ITC)
High internal rate of return on a long-term warrantied asset
Hedge against rising energy costs
Marketing and PR opportunities related to sustainability efforts and a lower carbon footprint
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