FINANCIAL BENEFITS OF SOLAR POWER
Did you know? Government incentives cover 60% to 100% of your commercial solar system installation costs, depending on your state. Then, as you tap into free, unlimited energy from the sun, you can recoup all upfront costs in 2 to 6 years. Strategically reinvest the money you save back into the business to grow.
State incentives, federal tax deductions, and bonus depreciation can cover as much as 100% of commercial solar installation costs, depending on your state. The electricity generated from the sun drastically reduces or eliminates your energy bill. These savings can quickly pay back any upfront costs not covered by government incentives.
In addition, your on-site solar system lets you avoid price increases from traditional energy sources prone to rolling blackouts and power outages.
Once you have recouped your solar installation costs–typically in 2 to 6 years–the money saved can be used to grow your business. For the average US commercial property, that’s nearly $1500 a month that can be used more strategically.
BY THE NUMBERS: FINANCIAL BENEFITS OF SOLAR POWER
Electricity costs rose 5.2% on average in 2021.
The cost of solar panels has dropped nearly 70% since 2014.
A tax deduction of up to 85% of a solar investment can be taken in the first year.
Commercial property owners save an average of $1500 per month in energy costs with solar.
Solar panels come with a 25-year performance guarantee and often last 40 years.
Electric utility customers experienced 1.33 billion outage hours in 2020.
Over 66% of consumers want to buy from sustainable and eco-friendly brands.
Shoppers are willing to pay 5% to 10% extra for products and services considered green.
Businesses can repurpose 100% of their electric bill savings to grow and serve more people.
Using solar is a win-win situation because it not only helps the environment but also offers financial benefits. I’m very happy with the decision to partner with National Energy Partner, "Novitium Energy", and use solar power.
CLIENT CASE STUDY
Legacy Treatment Services (LTS) is a large-scale behavioral health and services company located in New Jersey. When evaluating the financials, they saw an opportunity to save significantly on energy bills by converting to solar.
LTS decided to install solar arrays on nine of their facility buildings and all their carport systems–919 panels to build a 341.03 kW on-site solar system. They then used the savings created by solar to reward their staff and help further their mission.
“National Energy Partners, ‘Novitium Energy’, absolutely gave us the most value for our dollar, north of a million dollars over the life of the project.” – Roy Leistein, CEO of LTS
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