Owning a business and commercial property comes with its challenges and rewards. You know that managing the facility is as big a duty as running the business itself. Cutting costs is a strong motivator for taking on a solar installation at your commercial property.
The process for contracting an installation is not that different from other major improvement projects. Each project starts with a few steps and then comes together quickly after that. Nail down these steps before installing a solar power system at your commercial property:
- Determine if your building and property have proper installation sites.
Assess your property, your roof especially, to make sure it’s in ready shape for a solar installation. You’ll want to factor in the time and cost of replacing shingles or repairing your roof ahead of time. In any case, the math favors cutting loose from fossil fuels sooner rather than later, but it’s always good to be prepared.
Solar energy is a smart choice for most locations and climates, not just sunny ones. Still, if your property is located in a shaded area, assess how much direct sun exposure you receive throughout the year so that you’ll have a realistic forecast of your system’s efficiency.
- Find a reputable contractor.
The best solar installers will set you up with a turnkey solution, keeping you informed about the important details along the way. If you want your solar project to go smoothly, look for a certified installer who has years of experience in the industry and who can guide you through the complex web of financial incentives.
- Forget about DIY installation.
In most cases, the idea of “saving on labor” isn’t worth it because there are no savings to speak of. In fact, individual businesses cannot buy solar panels in bulk like contractors. Putting in a solar array requires surveys and permits, which an experienced contractor will coordinate for you. Do-it-yourselfers run the risk of failing the inspection test of their grid hookup and voiding the whole project as a result.
- Research other financial incentives to offset costs.
In addition to the federal tax credit, there are other incentives that can save you money and help you see ROI quickly. Some local energy providers offer green energy rebates. Government tax breaks vary by locality but are worth looking into.
- Get a financial health checkup.
The most competitive financing is contingent on credit worthiness. Find out if there are negative marks on your credit to clear up during the planning stages. Having your business approved for better financing will set you up for a lower cost installation, which will shorten your time to payoff.
For most commercial property owners, getting past the unknown is the biggest step. Don’t wait to find out just how much you can benefit from a solar installation. Why? Because the sooner you get your project rolling, the more you’ll save.