There are many factors that make solar a successful action. The questions we ask to qualify an interested business person are as follow:
1. Do you own the building? Solar adds value to a facility. Long term lease situations can justify the investment as a tenant improvement but many businesses are reluctant to incur either the capital investment or the debt on a non-owned structure.
2. Do you have tax liability? The 30% tax credits are a major benefit in place until the end of 2019. This “reduction” is factored in to create the short ROI for most solar adopters if you can’t use the security the ROI lengthens from around 5 years to around 10.
3. Do you understand the accelerated depreciation? The Feds let you take 50% depreciation the first year and the remainder over the next 4. That is a nice write off.
4. What is the age of the roof? Solar panels produce electricity for over 30 years. The closer to mirroring the roof life the better. Roof replacement is the best time to add solar and options exist to incorporate the financing both. Steel roofs with long life are the easiest mount solar on and are the least expensive systems to install.
5. Do you have good southern exposure? Living north of the equator means facing panels south is going to get the most electricity out of them. We never mount solar on the north face of a roof. If a facility is covered with shade from the south solar will not work. West southwest- East southeast and everything between are acceptable mounting planes.
6. Do you understand Net Metering? Solar production is based on averages. What is your KWH electricity usage in a year and what is the KWH production from the solar array for the year. Net Metering allows the electric meter to run forward and backwards based on use and production and the percentage that remains is called the offset. Many solar systems can get to 100% offset but space limitations can reduce it down considerably. Solar can save money even if you have a much lower percentage offset.
7. Are you interested in financing? Financing is readily available for solar and in many cases financed systems cut your monthly expense for the electric bill immediately. It also locks in a long term predictable cost and hedges against utility rate increases. We have competitive sources to finance any size project.
8. Some states have several other financial benefits. State taxes, property tax advantages and SREC’s (Solar Renewable Energy Credits) vary between states. We have all the information to make sure you are fully informed about what is available to you.
Let us use our national platform to get you 3-5 apples to apples competitive quotes for your facility. We do not charge for our expertise in helping you understand the process and get the best value on solar. We take the standard commission from the installer you select if you choose to move forward.
This articles was originally posted at: https://naea.today/solar-right-facility/ on