Commercial Solar Project
FirstBank
94,698
Est. Annual Energy Production
Solar
Project Type
Lakewood, CO
Location
63.6 kW
System Size
94,698
Est. Annual Energy Production
Solar
Project Type
Lakewood, CO
Location
63.6 kW
System Size
Est. Annual Energy Production
Project Type
Location
System Size
Est. Annual Energy Production
Project Type
Location
System Size
One large commercial business had utility overheads amounting to $68,255 annually with escalation of 3% every year as the utility increased their rates. Following a $699,000 investment in solar, the business offset its energy usage by 72% and generated utility savings of over $43,000 annually.
Locking in their utility costs has allowed this business to dramatically improved its net operating income and being both green and energy independent has helped set the business apart from competitors.
Solar Tax incentives and Rebates are changing and now is a great time to evaluate solar for your business. Through a combination of generous incentives, businesses large and small are realizing shorter and shorter payback periods and meaningful ROIs.
Between the 26% federal Investment Tax Credit, Bonus Depreciation, and energy savings generated, projects like a large retailer in Colorado can see a 30-year ROI of over 280% on a $699,000 system. By year 30, the system will generate nearly $2 million in cumulative cashflow.
