WHY GET SOLAR POWER FOR YOUR COMMERCIAL SPACE?

 Avoid rising utility rates by locking in lower, predictably priced electricity.  With power rates expected to climb 57% over the next seven years, now is the time to act . Imagine 90% or more of your yearly electricity costs disappearing! That is possible with a solar array from BC Solar.

 A solar energy system increases property NOI (Net Operating Income), resulting in a higher capitalized property value.

 Today, many businesses and people want to partner with companies that are doing their part to decrease their carbon footprint. BC Solar can help your company market the fact that you are a “green” company.  

 Photovoltaic systems create no emissions, noise, or negative impact on their surroundings. 

 The Solar investment tax credit (ITC), also known as the Federal solar tax credit, allows solar customers to take 30 percent of their solar investment as a credit against their federal tax liability. The ITC applies to the complete costs of commercial solar systems, and there is no cap on its value (though the customer must have a tax liability to benefit from a tax credit).Please note: at the end of 2032, the 30% tax credit will drop, so now’s the time to convert to solar energy to maximize your savings!  

 Commercial clients may also benefit from accelerated depreciation (MACRS) on their Solar investment. After applying the 30% Federal ITC, 85% of the solar investment solar can be depreciated. Since the MACRS benefit is a deduction, the MACRS final cash impact depends on the companies marginal tax rate. On average, the depreciation benefit for Renu’s clients equates to ~20-25% of the costs of the system. (For more information, refer to IRS Publication 946, IRS Form 4562: Depreciation and Amortization, and Instructions for Form 4562.)