COMMERCIAL SOLAR PROJECTS- A Solar Electric System for Your Business is a Smart Decision
Business owners can count on NESI to help them reduce or eliminate their facility’s electric bill with a commercial solar electric system. A significant portion of the solar system cost is paid for by taking advantage of state rebates and incentives available, the generous 30% Federal grant and accelerated depreciation. A commercial solar system will also insulate your business from electricity rate increases in the future. As utility rates increase over the 25-year life of the solar system, the return on your solar investment increases even more. A new commercial solar system will help your business grow unimpeded by rising energy costs, enable your business to reduce operating costs and generate long term savings. By going solar, your company will be recognized as a green business, protecting the environment and preventing pollution. NESI also offers a Commercial Solar Finance Program available to qualified customers as a financial solution tailored to your business’ needs. NESI can provide more information about how a customized financial solution allows your business to take full advantage of the financial benefits of a solar system in a simple, cost-effective manner.
The Time to Go Solar is Now! A new Federal Grant Covers 30% of the Cost of Commercial Solar Projects Started Within the Next Two Years
Businesses are now eligible for a 30% federal grant. This important law significantly increases the affordability and financial return of a commercial solar system for business owners and corporations, making it one of the safest investments available today.
The Benefits of a Commercial Solar Electric System
- Turn the sun into a revenue generator for your business.
- Insulate your business from electricity rate increases.
- A large portion of the solar system cost is paid for with state and federal government grants and incentives.
- Take advantage of generous tax credits and accelerated depreciation that will increase your bottom line by reducing your business’ tax liability.
- By producing both quick payback and long term savings, your business realizes a good return on your investment.
- Become a Green Business - your customers will appreciate your business doing its part to protect the environment. Being a green business is a great marketing tool and a source of good public relations.
It's Easy to Get Started With Solar
Let NESI handle all the details in making the switch from utility-delivered electricity to solar-generated energy. NESI offers 5 Easy Steps to Get Started:
Call us at 1-877-445-5900 (toll free) or contact us via email.
- We’ll come out and perform a site evaluation.
- We’ll write a proposal including system design, costs and the amounts of your rebates and tax credits. The proposal may also include a projection of your electrical billing and usage as well as payback, cash flow and savings calculations. The proposal will deliver all the information you need to determine why becoming a green business is good for your company.
- Once you’ve made the decision to purchase a Solar System, you’ll then sign a contract with us and from there we’ll handle everything including design, installation, permitting, inspections, rebates and commissioning.
- Commercial property owners and facility managers are continually looking for ways to cut costs and improve operational efficiencies. Installing a Solar Power System offers you an opportunity to increase profits and cut your overhead expenses by reducing or eliminating your building’s electric bill.
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CALL TODAY & START SAVING TOMORROW!Solar Tax Credit and Solar Grant ProgramsUS Treasury Department to Issue Solar Grant Equal to 30% of the Cost of Commercial Solar Projects Started in the Next Two Years; The Time to Go Solar is Now! 2009 |
| RE: American Recovery and Reinvestment Act of 2009 | |
Here are some of the key features of the stimulus package that benefit solar. In addition to these explicit benefits, there are many areas of spending that could include spending on solar, but aren’t required to. The bill was signed by President Obama on February 17, 2009. We’ve included the section references if there are any areas you would like to see in the specific language of the American Recovery and Reinvestment Conference Report.
- For 2009 and 2010 projects, solar projects that are eligible for depreciation or amortization (typically those owned by corporate tax filers) can receive a 30% upfront cash grant in lieu of the 30% tax credit. The 30% solar tax credit for individual filers (i.e. residential systems) remains unchanged. The Treasury Department will administer the solar grant program and is required to pay out each solar grant within 60 days of the receipt of each application [Section 1603]. The solar grant is not subject to federal taxes [Section 1104].
There’s no word yet on whether the solar grant will be assignable. The same eligibility of the investment solar tax credit applies; in particular, this means that governmental and non-tax paying entities aren’t eligible. Almost all solar electric PV applications should be eligible, with the lone exception being swimming pool heating.
- For 2009 projects, corporate tax filers can claim 50% bonus depreciation expense [Section 1201(a)]. The remaining 50% of the depreciation basis is expensed according to the 5-year MACRS schedule. The depreciation basis is still 85% of the total system cost (the total system cost less one half of the 30% federal grant) [Section 1104].
- The cap on solar hot water heating equipment has been removed, making it eligible for the full 30% solar tax credit (but not the grant) [Section 1122].
- Projects that benefit from subsidized financing will not have their federal grant reduced [Section 1103]. This will put tax-backed municipal loan programs on safer ground.
- A 30% tax credit for factory equipment used in the manufacture of renewable energy equipment (including solar). The total budget for this tax credit is $2.3 billion [Section 1302].
The Time to Go Solar is Now!For Businesses: US Treasury Department to Issue Solar Grants Equal to 30% of the Cost of Commercial Solar Projects Started in the Next Two Years.
On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act. This economic stimulus package contains features make a solar energy system more affordable for businesses (entities that can claim depreciation and amortization). It provides an upfront cash payment of 30%, replacing the previous 30% tax credit program.
Solar Products and Balance of System (BOS) Components Used in our Solar Systems
We represent and install Sanyo, Sharp, SunPower, SunWize, Kaneka and Mitsubishi solar panels and utilize Xantrex, Fronius, SMA, PV Powered and SatCon inverters in our solar systems. For mounting solar panels, we rely on solar racks from UniRac and SunLink. All of the solar products are covered under the manufacturer's warranty to insure the integrity of your solar system. Our grid-tie solar systems are engineered to provide reliable power for the life of the system. Listed below are some of the companies whose solar products we install.
Photovoltaic Systems
Solar Panel Systems
Photovoltaic, or PV for short, is a solar power technology that uses solar cells to convert light from the sun directly into electricity. This unique process uses no moving parts, thereby nothing can wear out. To explain the photovoltaic solar panel more simply, photons from sunlight knock electrons into a higher state of energy, creating electricity.
Photovoltaic solar cells use the energy of the sun’s light to cause electrons to move between layers of a semi-conductor material, such as silicon. Once moved, the electron wants to return, but cannot jump back. It gets back by flowing through wires and circuits which creates electron flow or direct current (DC) electricity.
(Courtesy North Carolina Solar Center)
Interesting Solar Facts
- The sun radiates approximately 1000 watts per square meter of area.
- The sun sends 15,000 times as much energy to the Earth as we consume worldwide on a daily basis.
- This available energy is clean, safe and environmentally friendly.
- Solar power is a free energy supply that in contrast to fossil energy sources, such as oil and natural gas is available in limitless quantities.
- Photovoltaic production has been doubling every two years, increasing by an average of 48 percent each year since 2002; making it the world’s fastest-growing energy technology.
Net Metering
The first practical application of photovoltaic technology was to power orbiting satellites, followed by off-grid stand alone solar power systems. Today, the majority of photovoltaic modules are used for grid-connected power generation. Grid-connected solar is made possible by a practice called net metering.
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Net metering is a simple concept; power created from your solar system is connected to the electric grid and credited in real time. Any excess power created by the solar system that you are not using, at that moment, is fed back into the power grid. As this excess power is “back-fed”, your meter operates in reverse. Literally your meter spins backward! The power grid is managed by your local utility company and includes everyone connected to it. Any power you don’t use is credited back to you and reduces your bill. Currently residential users are not paid should you create more than you ultimately use annually. |
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A typical photovoltaic system consists of solar modules mounted on a roof, wired to a shutoff switch then to your power inverter. The AC power is fed into your central electrical panel and distributed throughout your home. If your home can’t use the power it flows back into the grid for your later needs. By using net metering, the grid functions like a large storage battery with no cost or maintenance expense.