Why get solar on your commercial property
Commercial Electricity Costs are much Higher than Residential
PG&E offers different rate plans for commercial customers that are oftentimes the same or higher than residential rate plans. The difference is that the energy usage for commercial properties is oftentimes 10x-100x higher than a typical residential property. This can lead to energy bills that are higher than some employee's yearly salary. Removing that unnecessary cost with solar can allow for increased profits and more jobs for your business.
80% Government Incentives for Average Commercial Building
Set to be reduced down to 50% after 12/31/2025. For a typical commercial install, 80% of the total system cost is covered through government incentives. 30% Investment Tax Credit, 10% American Made Credit, 80% 5-Year Federal Depreciation, 100% 5-Year State Depreciation.
*WARNING* Do not undersize your commercial solar array. A cheaper upfront cost for a smaller system will lead to larger PG&E bills down the road. With 80%+ in incentives, get the solar array that is designed to cover the largest amount of your electric bill possible. We offer financing up to $30 million to help ensure you get your system while the tax credits are here.
ways to purchase commercial solar
Cash
Finance
Finance
Cash is always a good method to purchase solar. It will have the highest return on investment. However, if your business is investing in other assets, and you do not have large cash reserves, please consider financing.
Finance
Finance
Finance
With our commercial lenders, we can finance up to $30 million. Interest on the loan is tax credit eligible and can be depreciated. The effective interest rate is 1% on an average loan for 5-7 years. You will be cash flow positive year 1 by financing.
PPA
Finance
PPA
We are currently offering PPAs on commercial installations over 750 KW. PPA term is 20 years with the average monthly cost being significantly lower than PG&E costs with a 0% escalation rate.