Commercial Solar Energy Systems

Businesses in Puerto Rico can benefit significantly from installing a new solar energy system on their commercial property. The advantages of commercial solar panel installation Puerto Rico for your business are:

• Tax credits

• Increases your ROI

• Provides stable power

• Improves the environment

• Increases the property value

• Enhances business reputation

Tax deductions for the installation of solar energy

You can deduct up to 26 percent of the cost of installing a solar energy system from your federal taxes using the investment tax credit (ITC), often known as the federal solar tax credit. You will be qualified for the 26% tax credit if you begin a new installation on your commercial property before December 31, 2022, according to the Database of State Incentives for Renewables and Efficiency (DSIRE). The credit will thereafter be lowered to 22 percent until 12/31/2024, at which point it will only be reduced to 10 percent. There has never been a better opportunity for your company to utilize the ITC credit!

Increase your ROI

Your first aim, regardless of the size of your business, should always be to raise your profit margin, and cutting costs on hefty power bills is a great first step in that direction. Net metering is one of the main advantages of converting to solar energy from the perspective of returns on investment (ROI). Your local power provider will credit your company's excess energy and use it to your advantage when there is not enough energy to produce power, lowering your energy costs dramatically.

By starting a new solar energy installation before the December 31, 2022 deadline, you can still be grandfathered in for 20 years even if the Florida State Senate's recently enacted measure HB741 seeks to phase out net metering by 2029.

Improve the environment and reduce carbon emissions

By installing clean solar, your property can contribute to reducing its carbon footprint. Even if your company doesn't directly use solar energy, returning the excess energy generated to the grid, it will be lowering the demand for carbon-emitting electricity. Projecting a green image, will not only aid the environment but also strengthen the brand of your business.

Increase the value of your commercial property

The installation of a new solar energy system on your building might potentially boost the entire property value by 4.1 percent, allowing you to explore other options and activities, whether or not you are selling your business property.

Invest in your business today! Contact commercial energy specialists Puerto Rico today and speak with one of our experts about the advantages of clean, green solar energy for your business.