Your return on investment for upgrading to solar will vary depending on your utility's rate plan, whether you purchase or finance your system, your energy consumption and demand and other factors.
But there are a few things we know for certain for every customer:
We prepared this analysis for a large retail building whose proposed 644 kW system will offset 91% of their energy use. 30-Year LCOE PV is the levelized costs of energy from this solar system over 30 years:
Upfront cost of system + Maintenance costs + Operation costs - Incentives
LCOE includes all costs associated with purchasing and maintaining the system over 30 years.
¹Incentive values are estimated and do not include tax effects. Tax deductions savings, if any, are estimated using the following rates: State 9%; Federal 34%.
Depending on what utility rate schedule this customer uses, they could save up to $21,819 per year on their energy costs! And these figures don't even include other financial benefits such as property value appreciation.
Upgrading to solar is one of the smartest ways to make your money work for you. In fact, a rigorous analysis by the North Carolina Clean Energy Technology Center concluded that for homeowners in California's largest cities, solar outperforms the stock market (compared to the S&P 500 index) as a long-term investment.
We are dedicated to finding you the greatest return for the least cost.
If solar isn't a smart financial choice for your business, we won't recommend it. But we've yet to find a customer who will not benefit from sustainable upgrades.