Solar panels on this roof are typically of commercial photovoltaic installations.
Solar for Businesses Led by U.S. industry stalwarts such as General Motors, Google, FedEx, Merck, Microsoft, and Walgreens in its infancy less than a decade ago, today the U.S. market for solar powered electricity systems is well established, soaring in 2009 to 485 megawatts, a whopping 36% increase over the prior year. This makes the U.S. the third largest market in the world. The current 7.3 gigawatt global market is forecast to be 2.5 times its current size by 2014.
About Commercial Installations "No Downside" Large and small businesses are choosing to power part or all of their electrical needs with solar. One example, at Whole Foods, solar cells are providing about 10% of the energy used in three stores and in one warehouse. “There’s just no downside,” said Jennifer McDonnell, green mission specialist for the company in a New York Times article, October 21, 2006.
Green is good Going green is keynote in many companies as a way of reaching out to their communities, the stockholders and other stakeholders. And choosing to save on their electric bills in the process of doing something good for the planet is a win/win for everyone involved.
Built Well Solar Makes It Easy Built Well Solar has completed numerous commercial solar installations across Long Island. Their knowledgeable and experienced solar-electric (photovoltaic) system experts take care of every aspect of your solar installation from evaluating your electric needs and determining the right size and capacity system for your business to ensuring it is up and running safely and efficiently. They walk you through every step of the process, including the LIPA rebate application and other procedures involved in obtaining financial incentives. For more information and to have your business evaluated for solar, contact us at Built Well Solar at (516) 695-1000 or by e-mail.
Financial Incentives for Commercial Solar
Through LIPA’s Solar Entrepreneur Program, you can substantially reduce the cost of your PV system. Thousands of dollars are provided by LIPA as a cash incentive for businesses to make the switch to solar electricity, a way to reduce the strain on Long Island's energy grid. Call us at 516-695-1000 so we can explain how this works, and to find out what the current rebate levels mean as far as reducing your upfront solar energy system costs.
LIPA Cash Rebates: Through its Solar Entrepreneur Program, the cost of a solar-electric (PV system) on your business is substantially reduced.The Solar Entrepreneur Commercial program is currently $1.30 per watt up-to 100,000 watts or up to a maximum rebate of $130,000. Rebates are subject to change. Call us at 516-695-1000 to find out what the current rebate levels are today. We wait for LIPA's rebate payment so you don't have to!
30% Federal Tax Credit: A 30% federal business tax credit is offered, with no cap. In January 2009, this provision was extended for eight years. Talk to your accountant or tax advisor.
No Sales Tax: As of January 1, 2013, the cost of solar energy systems for businesses are exempt from federal sales tax, and is also free of New York State sales tax, as well as Nassau or Suffolk county sales tax. (Not applicable to non-profits, who pay no taxes in the first place.)
Accelerated Depreciation: Businesses may also take advantage of accelerated depreciation on their solar equipment purchase, meaning the payback is often faster than on a residential purchase. Consulting with your accountant or tax advisor about applicable tax law and accelerated depreciation schedules is recommended.
Contact us If you have any questions and want to learn more about commercial solar installations, including how Built Well Solar will help you through every step in the process, call us at (516) 695-1000 or reach us bye-mail at firstname.lastname@example.org