Solar is an ideal investment for an owner-occupied commercial building with unobstructed roof space. That’s because a solar array installed on a commercial building massively lowers or even eliminates electricity bills, provides SREC certificates that can be sold to produce cash on a short timeline, an accelerated depreciation schedule, tax credits that provide tax relief, and utility company incentives.
It’s a powerful suite of savings and cash that add up to a system that pays for it self in just three years and lowers electrical bills for 30 years. All in all, it’s an investment that returns as much as 30% annually.
The biggest worry that most commercial building owners express is the suitability of their roof. In most cases, however, that concern is unfounded. Number one, even a roof with ‘issues’ can be a good candidate for solar since roof repairs related to a solar installation might also be eligible for solar-related tax breaks (check with your accountant).
Number two, a solar installation is less obtrusive than you may imagine. The weight of the system sits on a highly engineered system of brackets. Finally, a solar array can actually protect a roof and prolong its life since the panels sit between the roof and the elements.