Commercial Solar Installations
What to Know About Commercial Solar
As a business you can file for a Business Energy Investment Tax Credit (ITC) under the IRS form 3468. This credit allows your business to use 30% of the installed cost of the solar system as a tax credit. Instructions for the IRS form 3468 can be found by clicking here: https://www.irs.gov/pub/irs-pdf/i3468.pdf
USDA Rural Energy for America Program (REAP) Grants provide guaranteed loan financing and grant funding for agricultural producers and rural small businesses for renewable energy systems. https://www.rd.usda.gov/programs-services/rural-energy-america-program-renewable-energy-systems-energy-efficiency
- • Loan guarantees on loans up to 75% of total installed cost
- • Grants for up to 25% of total installed cost
- • Combined grant and loan guaranteed funding up to 75% of total installed cost
Michigan Saves provides and range of loans for businesses looking to improve their energy efficiency. Consumer Energy and DTE Energy customers are eligible for number of different financing options through the Michigan Saves Program. For more information about Mihigan Saves Loan Financing for businesses click here: http://michigansaves.org/business-energy-financing/
Consumers Energy customers can receive loans with 0% APR for 36 months up to $75,000.
DTE Energy customers can receive loans with 0% APR for 24 months up to $50,000 or 2.99% APR financing for 60 months up to $150,000.
The cost of a typical installation is directly dependent on how much energy the client requires. Customers that use more energy typically require larger installations. However, It is almost the case that the largest energy users are the ones that have the most to gain from installing solar energy. Efficiency of installation and the economics of scale benefit larger installations. Most importantly, before any installation is considered efficient energy consumptions is always addressed and we can help identify and address any issues.
Besides scale, other factors that influence system cost are:
- Ease of access of job site
- Difficult to access rooftops due to pitch or working height
- Overly rocky, wet, muddy, or uneven ground surface
- Distance from the solar array to the point of electrical interconnection
We pride ourselves on our ability to overcome obstacles and perform lasting and efficient installations in some of the most difficult working conditions. Don't write off your project, let us surprise you as to what is possible.