• Hours of operation: 8.00 am - 6.00 pm

Month: August 2020

4 posts

Are you thinking about your next tax write off? Your next investment? Or maybe how you can free up some operating cash flow for your business? Solar power for commercial is the next best thing in the marketplace today with juicy ROI’s.

In this article our goal is to boost you with information that guides you in the right direction on how you can benefit from commercial solar panels. Along with all of the perks that come along with it with the following four simple options.

  1. Lower operating costs with solar panels for commercial through a PPA

PPA’s – A solar PPA makes it easy for many businesses to go solar. Today this method also known as a solar “purchase power agreement” and it eliminates the upfront or out of pocket expense of going solar and allows the business owner to reap the benefits.

This works by lowering the operating costs at which your business purchases its electricity. Moreover, the PPA agreement locks in a low long-term fixed rate. Which in turn, frees up cash flow in turn for paying less on your electricity.

Installing solar panels for commercial will guarantee the projected savings and make your business become more sustainable in the marketplace.

2. Now is the best time to take advantage of the ITC 

ITC – Also known as the “federal investment tax credit” that allows business owners who purchase solar panels for commercial purposes to get a 26% reduction from the total cost of their solar project.

Once the solar panels for commercial get purchased, this tax credit makes you eligible to receive the tax credit for as long as it is in effect. So lets say you have a lower tax liability than what your ITC amount is.

Then, you are unable to use the entire credit in the first year. However, it will roll over year after year until the full 26% of the credit is used up. Cool right? 

3. Commercial financing to purchase solar with no out of pocket expense

C-pace – C-pace is a financing option program for businesses looking to upgrade their energy efficiency by going solar. By helping finance the upfront cost of the solar panels for commercial project.

The way it works is the business owner looking to install the commercial solar panels will fill out a c-pace application.

Furthermore, the c-pace app requires two years of the most recent financial statements, and two years of financial tax history. This information will make it easier for the loan officer to push through the application and make sure you are a good fit for the program. In order to qualify the financial statements must be up to date and in good standing or positive cash flow.

Once approved the c-pace financing program will loan up to 30% of the total property value.  

4. Buying solar in cash has a fast return on investment

Cash – A cash purchase can be a great way to maximize the financial savings of solar panels for commercial.

Although, this option requires the initial out of pocket expense, the return on the investment is much greater than a financial purchase through a loan process especially if the solar commercial installation is grid tied and the utility offers a strong net metering buyback program.

Most utility grids will allow a grid tied systems to offset 100 percent of their energy consumption to solar power.

So long as there is enough solar real estate on site. What this means for you is that once you pay off your solar panels for commercial you are 100% energy independent and you don’t have to worry about the electricity expense anymore. 

So there you have it, a tip from the pros at South Texas Solar Systems. We have worked with commercial solar panel installations with huge companies like H-E-B and Tesla.

If you would like a free quote for your business to go solar, do not hesitate to [Contact Us].

FREE QUOTE

Can your grid-tie solar system include the Tesla Powerwall?

Short answer, yes, since Powerwall can become integrated with a new or existing solar system.

Remember a grid-tie solar system means you remain tied to the utility grid (your utility provider). Consumers, who stay tied to the utility grid with their solar system, are using their solar energy only during the day.

Now you can install Powerwall after your existing system is in use.

According to the Tesla website, “When Powerwall is installed without solar, it can charge from the grid if in Backup-only or Time-Based Control to support you during grid outages and to help you save money on your electricity bill. When Powerwall is installed with solar, it will not be able to charge from the grid.” 

Ideally, having a solar system and Powerwall is better for charging purposes and eliminates you from a grid-tie solar system. Nonetheless, you are still saving on your electricity bill if you add back up power later on. 

For example, Powerwall gets installed between the utility meter and transfer switch in your electrical box. Keep in mind Powerwall and generators are not integrated directly, so Powerwall does not charge from a generator.

As explained in the Tesla website, “In an outage, Powerwall responds immediately and provides backup power before the generator can detect the outage.

The generator is turned on only when the Powerwall has a low charge, or if loads exceed Powerwall’s maximum output.” The website also explains, “When grid power returns, the generator will turn off and Powerwall can again charge from solar.

If Powerwall is installed with a Manual Transfer Switch, manual operation of the switch is required to power the home with the generator.”

Today, Powerwall and generators are to back up energy, preventing a power outage. Overall, a solar system and Powerwall will allow you to use solar energy during the day and night.

Staying with a grid-tie solar system and adding Powerwall is not a bad idea if you want to save yourself from an unexpected power outage.  

References: https://www.tesla.com/support/energy/powerwall/learn/combining-systems

There are many home upgrades that can increase your property’s value.

One of the major home improvement projects that have gained popularity in the past decade is installing solar panels.

Since this is a large financial investment, it is very important to think long-term before going solar. You know that installing solar panels is good for the environment, but is it good for your wallet? Savvy homeowners, buyers, and appraisers agree that it is.

Let’s find out how exactly solar panels boost the value of your property and what factors you should consider before installing them.

The Added Property Value Constitutes Many Factors

Under ideal circumstances, solar panels boost the value of your property significantly, but whether or not they pay off in your particular case depends on many things. The value solar panels add to a home can vary based on the following: 

  • Solar power rebates and other incentives
  • Electricity rate
  • Age of solar system
  • System installation price
  • System replacement value
  • Amount of energy generation
  • Frequency of power outages

What Is the Cost of Solar Systems?

Over the past few years, the U.S. solar industry has grown tremendously. The number of homes with solar is constantly growing. Consequently, the cost of solar systems has decreased.

The total cost of adding solar panels to your property will vary depending on the type and size of the system you choose, as well as the location of your solar-powered home.

The average cost of residential solar power systems in the US is currently $3.34 per watt.

The average cost of residential solar power systems in the state of Texas is $2.91 per watt, but every city is different. For example, the average cost of solar panels Austin homeowners currently need to pay is $2.68 per watt.

Thus, a 6000 watt (6 kW) solar system costs $16,053 before claiming the federal solar credit and $11,879 after the tax credit. This is likely to change in the future as the price of materials changes and the federal tax credit decreases.

Are There Any Incentives?

If you like the idea of upgrading your home with solar panels to boost its value but you’re intimidated by the initial costs, know that there are solar rebates and incentives homeowners can take advantage of. 

The United States Environmental Protection Agency (EPA) offers tax credits and incentives for projects related to energy efficiency, including tax credits for installing solar energy systems.

Five years ago, the federal government introduced a renewable energy tax credit and until the end of 2019 homeowners could claim a credit of up to 30% of the cost of their solar system. At the begging of 2020, this percentage started to decrease, and by the end of next year, the solar energy federal tax credit will expire. If you hurry to install a solar energy system in time to take advantage of the tax credit, you can either deduct the tax credit directly from your tax payment if you owe federal taxes or from your taxable income when filing your taxes. 

Some states offer rebates and incentives that reduce the overall cost of going solar.

Although Texas doesn’t offer a statewide solar tax credit, most local utilities offer incentives that can help homeowners go solar and make other energy-related home improvements. The availability and structure of rebates vary depending in the location, but most Texas utilities offer rebates that can be paid out on a price per watt basis that is capped at a maximum amount per project. 

Do Solar Properties Sell Faster?

If planning on moving and selling your home fast, having solar panels could help.

Similar to property values, the time spent on the market often varies by region.

While some researchers claim that solar-powered homes take an extra eight days to sell, other analyses show that solar homes sell 20% faster than properties without solar panels.

How Much Maintenance Is Needed?

Solar panels are pretty low maintenance.

They only require occasional cleaning. However, regular cleaning and maintenance may be necessary if you want to keep your warranty current or if you choose to lease your panels.

Make sure you read your agreement carefully so as to know how much maintenance solar requires. Many solar companies in Texas offer maintenance services and the price of cleaning normally varies between $150 and $330.

How Much Do Solar Panels Boost the Value of Your Property?

How solar panels boost the value of your property varies from place to place.

Still, according to Zillow, no metropolitan area witnessed a decrease in property values due to solar panels. Some analyses show that for each $1 reduction in annual utility bills property value increases $20.

If you own a property in Texas, adding solar panels can bring a $3.00 increase per watt to your property’s value.

Still, with so many variables and uncertainties, it is hard to quantify the value of a solar system and determine for sure how solar panels impact housing prices.

If you’re not sure how solar panels boost property value in your area, turn to your local real estate agent for advice.

New vs. Older Solar Systems

Homeowners with newer solar systems can anticipate a bigger boost to their property value.

A new residential solar energy system with efficient technology means less maintenance and a longer warranty.  On the other hand, homeowners with older systems can expect a slightly lower premium upon selling. 

All Things Considered, Are Solar Panels Worth Installing?

Generally speaking, installing solar panels is a wise investment compared to many other home improvements.

If you’re a Texas resident and you are thinking about updating your property with solar panels, it is recommendable to do thorough research and work with the best solar companies in Texas.

Once you assess all the different factors that influence how solar panels boost the value of your property and find a reliable team for the job, you will be able to make the most of this valuable home upgrade.

How can Texans help create a safe and affordable future?

Texas is known to be one of the fastest-growing states in the renewable energy sector, but what renewable energy is most affordable? 

Wind energy is exceptional for vast companies generating on wind farms. However, two accessible consumer-friendly tools to start using renewable energy are through a solar system for homes and solar supplies. 

Take a look at new homes, for example, say you just bought a new home in a new subdivision and wonder if the solar system for homes is acceptable. Chances are yes because with a new home comes a new roof. Any solar panel system or solar supplies on a new roof or in the house is one of the best moves a new homeowner can make. 

Benefits of being a new homeowner and going solar:

  1. Property Tax Exemption (Application Form Available)
  2. Receiving the new homeowner incentives and rebates in your area
  3. Helping create a better climate 
  4. Reducing your high electric bill 
  5. Helping you remain cash flow positive while paying your new mortgage 

Texas native or not, Texas homeowners are switching to solar for many different reasons. Sooner than later, new homes may even require having on a solar system for homes. 

Now renewable energy advocates are preparing to legislate for new homes to require a solar system for homes.

According to a recently published article in PV Magazine USA, Bronte Payne, director of Environment American’s Go Solar campaign said, ”Three of those states where new housing construction is expected to be strong – Texas, North Carolina, and Colorado—could add significant amounts of solar under a new home solar mandate.

The state of Texas hasn’t grown in size, but it has grown in energy usage.

The fact is we need electricity to house us all. So if you are in the new home market or home improvement market, solar supplies and solar systems for homes will help create a safe and affordable future for whatever comes our way next.

PV Magazine USA: https://pv-magazine-usa.com/2020/06/23/advocates-seek-solar-on-all-new-houses-in-10-states/

Cart Item Removed. Undo
  • No products in the cart.