Solar Panels Maine | Commercial Solar Maine | Maine Solar

Solar for your business

Solar energy is financially and environmentally beneficial for your businesses. With a well-designed solar system, you can save money by replacing an ongoing operating expense (your electric bill) with a capital investment that yields significant financial and tax benefits.

total system & installation cost: $250,000This includes solar panels, inverters, installation work, and warranties.
*federal itc (30%): $75,000Businesses can deduct 30% of the system cost from their federal taxes
*depreciation benefits $77,500Depreciation refers to a reduction in the value of an asset over time. Under the Modified Accelerated Cost Recovery System (MACRS), businesses can typically depreciate solar systems in the first 5 years.
net cost after incentives: $97,500Your net cost after Federal ITC and depreciation.
electric bill savings: $22,242In this example, the customer saves $22,242 annually.
renewable energy credits (REC) Revenue: $2,970RECs are tradable certificates that represent the environmental benefits of generating renewable energy.
Total annual savings & income: $25,212This is the sum of your electric bill savings ($22,242) and REC revenue ($2,970), which together generate $25,212 in annual savings and income.
30-year internal rate of return (IRR): 22%IRR measures investment returns over time. A 22% IRR means a business can expect a 22% annual return on its investment over 30 years.
payback period: 5 yearsThe payback period is the time it takes for the system to pay for itself through savings and income.