Running a business is rewarding, yet it can also come with a lot of financial stress. When looking for ways to improve their bottom line, many business owners are wondering if solar panels are worth it—and at Texas Engineered Solar, we say yes!
Commercial solar installation is one of the best investments you can make in your business because it allows you to generate your own power so you can spend less on electricity and cut your operating costs. Plus, commercial solar in San Antonio qualifies for incentives that make the investment more affordable.
Keep reading to learn more about commercial solar, its benefits, and how veteran-owned Texas Engineered Solar can help with professional commercial solar panel installation.
Commercial solar panels can bring significant savings to your business, along with many other benefits, including:
- Save on your operating costs – Commercial solar panels allow you to stabilize your operating costs by reducing—or even eliminating—the electricity bill for your business. This can save you a drastic amount on your monthly expenses for lighting, air conditioning, office equipment, and more!
- Meet your company’s environmental goals – Since solar panels generate clean, renewable energy, you’ll significantly reduce your carbon footprint. As a tangible green energy asset, commercial solar panels may be all it takes to meet your company’s sustainability goals.
- Marketing advantage as a green business – Commercial solar panels are a great way to position your company as a sustainable business, which will help attract customers, employees, and good publicity.
- Reliable backup power – As Texas is becoming more prone to blackouts and outages, solar panels plus battery storage will help keep your business running even when the grid is down.
Generating your own electricity with commercial solar panels is more affordable than ever before with several solar incentives available in the San Antonio area.
Federal Investment Tax Credit (ITC)
The ITC reduces your federal tax liability by 30% of the total installation cost for your commercial solar panels. The investment tax credit is also available as a direct pay option for tax-exempt, non-profit organizations.
Federal Production Tax Credit (PTC)
The PTC amount is determined by the amount of power your commercial panels produce during the first ten years of operation. Businesses can claim either the ITC or PTC—not both—so we recommend talking with your tax professional to determine which tax credit works best for your company.
MACRS Accelerated Depreciation
The Modified Accelerated Cost Recovery System (MACRS) allows businesses to recover some of the cost of commercial solar installation by accelerating the rate of return on investment over the course of 5 years. While MACRS can be combined with the Investment Tax Credit, businesses must deduct half of the ITC from the initial investment.
REAP Grants for Farms & Rural Small Businesses
Agricultural producers and rural small businesses are eligible for grants, guaranteed financing, or a combination of the two that cover up to 75% of the total cost of commercial solar installation—or 50% for grants only—through the USDA. These incentives can be combined with other incentives, including the ITC solar tax credit.
As a locally and veteran-owned solar installer, we believe that commercial solar panels are worth it for any Texas business. Our experienced team has been designing, engineering, and installing solar panels throughout San Antonio and the surrounding areas for years. We’re a team of Texans helping Texans with solar energy.
Whether you want to generate free electricity for your business or you want to have blackout protection to keep the lights on longer, reach out to the Texan Engineered Solar team and get started today.
