By helping reduce your overhead costs associated with your utility expense, installing renewable generation provides increased cash flow to your business, freeing up capital to increase your business’s bottom line and give you an edge in an ever-competitive environment.
There are two major incentives that make solar attractive for a business. The first is a limited time 30% federal tax credit – effectively providing a 30% discount of the cost of a solar power system in the first year. The second incentive is accelerated depreciation (commonly referred to as MACRS) which provides the ability to depreciate solar over 5 years with the depreciation front loaded at the beginning of the depreciation period.
With generous tax incentives, most solar panel systems will pay for themselves in 5-7 years when purchased up-front. For companies looking to have no up-front cost, there are multiple financing options that still save you money every month while making solar affordable.
No. Our team will help you choose the option that best fits your Denver Business’s needs. By answering a few questions, we can provide a financing option from our approved and vetted financing partners that fit your goals – helping you stay cash-flow positive for the life of the financing.