What are the benefits of using solar energy for your business?
Solar panels effectively lock in place your utility costs, allowing you to avoid future price increases. Solar panels may also enhance your property’s value and improve the reputation of your business.
What federal tax credits are still available for commercial solar installations?
The Federal Investment Tax Credit is one of the most popular solar incentives for businesses that are trying to take advantage of Nevada solar power. It allows businesses to obtain a 26% tax deduction for a commercial solar installation for projects that are started in 2021 and 2022. This rate drops to 22% for projects that begin in 2023 and drops to 10% for years after 2023.
How long does it take to install commercial solar panels?
It can take several weeks to several months to install a solar array for your business. Factors such as the size of your array, the shape of your roof, the experience of the crew, weather conditions, and what local regulations impact your solar system will all affect how long your installation takes.
How much does it cost to install a commercial solar array?
Nevada solar power is some of the least expensive renewable energy in the country, so our state has some of the lowest solar array installation costs in the country. Business owners can expect to pay around $2.80 per watt and $2,800 per kW of commercial solar capacity they install.
What financing options are available for a commercial rooftop solar system?
Business owners have several ways to pay for or defray the costs of solar panels in Las Vegas. The Federal Investment Tax Credit can significantly reduce the amount business owners pay for a commercial panel installation and solar loans are also available. Solar leases and solar power purchase agreements are available for business owners who want solar energy without purchasing an array.