Sol-Up and Commercial Solar
Commercial Solar Services
Investing in solar energy will not only minimize your utility costs but also ensure long-term sustainability for your commercial business. Additionally, commercial buildings with available roof space will discover that utilizing it for a solar array enables a remarkably swift return on investment (ROI), making it a financially prudent decision.
Get a 40% Tax Credit!
The Federal Government has enhanced its support for commercial solar installations by increasing the Investment Tax Credit to 30%, up from the previous rate of 26%. This 15% boost represents a considerable financial advantage for extensive commercial solar projects. The revised tax credit is set to last until 2032, making the present an opportune moment to take action.
Learn About the Tax Credit
What projects are eligible for the ITC or PTC?
To be eligible for the business ITC or PTC, the solar system must be:
- Located in the United States or U.S. territories
- Use new and limited previously used equipment
- Not leased to a tax-exempt entity (e.g., a school), though tax exempt entities are eligible to receive the ITC themselves in the form of a direct payment.
Cost of Commercial Electricity vs Residential
There are a number of factors that have contributed to C&I lagging behind residential solar. For one, commercial electricity prices are historically lower, which can make the economics of solar a little trickier.
In Nevada this is no longer true .135 cents per delivered kWh
This price per kWh is high most roof top quotes are coming in at .03cents per kWh produced by solar.
Sol-Up offers an innovative and sustainable solution for commercial businesses looking to reduce their energy costs and environmental footprint. By harnessing the power of solar energy, Sol-Up provides a cost-effective and efficient way for businesses to generate their own clean energy.
This transition not only leads to significant savings on energy bills but also positions companies as leaders in environmental responsibility.
The solar power systems are tailored to meet the unique energy needs of each business, ensuring maximum efficiency and return on investment. With Sol-Up, commercial businesses can enjoy the dual benefits of reducing operational costs and contributing positively to the environment, making it a smart choice for businesses looking to invest in their future and the planet’s.
