Solar for your business and commercial building
Going solar for your commercial building can be one of the best investments you’ve ever made. There are so many incentives that one can get for going solar on their commercial building in Maryland, Virginia, Washington, DC and Pennsylvania, that you must at least check to see if it makes sense. If your roof is open to the sun and you have a high electric bill, we will show you the numbers that usually have around a 6 year payback!
Commercial Solar Incentives
In Maryland, the incentives to go solar for a commercial building typically include:
-30% Federal ITC
-Maryland commercial solar grants may be available.
-SRECs till 2035 can be another $20,000+
-Bonus tax depreciation too!
These are the reasons we see 5-7 year full paybacks, and if you need financing, we work with commercial solar lenders that have no money out of pocket programs as long as the business can qualify for credit. Typically, the amount of savings by having a zero electric bill and then plus all of the incentives that the business will receive, you will always be cash positive within a year. The way they set up the monthly payments can work out where you are making the monthly payments from the actual incentives that you received for going solar. Contact us to find out more. If you own a commercial roof in Maryland you have to look into solar, and DC of course with the highest SRECs in the nation, and/or VA and PA, you have to look into it. The numbers are unbelievable. Take advantage of the Inflation Reduction Act and the 30% Federal ITC, and all of the other incentives available, you deserve it and so does your business.
Of course we will go into full detail, and you will always check and work with your CPA. In addition, each of our commercial jobs includes the services of Solar Tax Pros. They are a CPA and tax attorney firm that has a division that specifically works with solar clients to make sure that all of the IRS forms are completed correctly and one is able to maximize their tax credits and incentives.