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Commercial Applications For Solar Energy: Photovoltaic

Commercial Photovoltaic Systems: Besides the benefits of creating your own clean, renewable power to operate your business, this also demonstrates to your stakeholders both vision and values now and into the future. As with any capital investment, return-on-investment (ROI) must be considered in making wise business decisions. In order to calculate ROI, there are multiple technical and financial factors to consider. Successful commercial solar projects require a thorough site-assessment and performance analysis specific to that area. The current IRS tax code provides an unlimited 30% tax credit and five-year accelerated depreciation, making a compelling business case from a taxation angle alone. Other considerations with a commercial PV system include providing a hedge for future electric rate hikes and producing power everyday with zero fuel costs and negligible maintenance. Additionally, there are opportunities for secondary revenue streams for the in-demand renewable energy in the form of renewable energy certificates (REC) or “Green Tags.” In Feed-In-Tariffs (FIT), PV system owners are paid for every kilowatt-hour generated, usually at rates premium rates. PV systems have operational life spans of 30 years and longer. Most PV manufacturers offer a 25-year performance warranty for confidence in long-term power generation and durability. Contact a solarenergy.com dealer for a professional site assessment and cost analysis. See how a commercial PV system can add value to your business, both today and tomorrow.