Commercial Solar Panel Savings Vary Based

You can find reliable solar panel costs near you by using our calculator which is built using real estimates.

Commercial solar panel savings vary based.

These savings are very real and their relative strength depends on the availability of local city and state incentives. The cost of commercial solar per watt varies by what a solar contractor charges by state by type of solar panels and by the size in kwdc of the system. Their program deducts 100 of the cost of a solar panel installation from your property taxes spread out over 10 15 years. As the first data table illustrates 20 year electricity savings from solar can be significant ranging from the low end of 10k to almost 30k.

Cincinnati offers a similar program. Also the cost per watt for commercial solar can be significantly less than for residential solar because economies of scale are meaningful when buying solar for larger commercial systems. With a payback in the mid single digits and a typical internal rate of return irr exceeding 10 most companies find that solar makes sense purely as a financial investment. According to a 2016 sunpower survey 87 of business respondents cite saving money as one of the primary reasons for funding solar projects with some projected to save hundreds of thousands of dollars or more in electricity costs over the life of their commercial solar panel system.

Estimates are based on your roof electricity bill and actual offers in your area. For example cleveland provides a 100 tax abatement for photovoltaic projects among other eligible home improvements to be paid out over 10 15 years depending on your property type. Use this solar panel calculator to quickly estimate your solar potential and savings by address. For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually.