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Commercial Rooftop Solar

Suppose you own a building with an empty roof. In that case, if that roof is unshaded, you may be missing a huge opportunity to lower your electric bill, eliminate energy inflation, increase your sustainability footprint, and provide a huge marketing opportunity.

Rooftop Solar

A solar energy system for your business on your roof provides the ROI as we need to use less equipment and often less labor. We use products that will not negatively affect your roof warranty. In many cases, we can provide an additional warranty in tandem with the roof warranty direct from the roof material manufacturer.

Commercial solar roofs have a quick return on investment because the systems can produce significant amounts of energy, and often, we can leverage economies of scale. This makes pricing closer to utility pricing (which is low), plus commercial customers can take advantage of the 30-40% Federal Tax Credit and an aggressive depreciation schedule.

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Investment Tax Credit 30-40%

Thanks to the ITC (Investment Tax Credit) and CEIC (Clean Electricity Investment Credit), solar projects will qualify for a 30% transferable tax credit since the CEIC will be available to businesses until the emissions from US electricity production are 75% lower than 2022 levels.

Solar power projects eligible for the full 30% tax credit can increase their tax credit by an additional 10% by certifying that all steel, iron, or manufactured product that is a component of the facility was produced in the United States. 

MACRS depreciation for a solar system that costs $300,000 before incentives. You’ll be able to take advantage of the Federal Solar Incentive Tax Credit at 30% or 40%. But since we have to calculate depreciation with half of the tax credit, reducing the depreciable cost basis, we’ll have to take 15% off (would be 20% for USA made) the cost of the system to get the basis of depreciation. We can do this by multiplying the price by 85%, which gives us $255,000.

Next, you’ll need to know your federal tax bracket. We’ll use a 24% Federal tax rate for this example. (there is also a State Tax schedule)

To calculate federal tax savings from depreciation, multiply the $255,000 by 24%. Because you can take advantage of 80% of this in the first year, you’ll enjoy $48,960 in tax savings the year your solar system is placed into service. The remaining $12,240 of the depreciable amount will follow the MACRS schedule.

MACRS Depreciation for Commercial Solar 

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Solar Analysis

Our team has designed and worked on hundreds of roofs, some of which are those of fortune 500 companies looking to go solar. 

No matter the size of your company, we can help analyze your situation and recommend the best solutions for going solar for your business. Start by filling out the form and one of our experts will reach out to start a hassle-free conversation on going solar with your company.

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