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: $138,000This includes solar panels, inverters, installation work, and warranties.
*federal itc (30%): $41,400Businesses can deduct 30% of the system cost from their federal taxes.
*depreciation benefits $42,780Depreciation 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: $53,820Your net cost after Federal ITC and depreciation.
electric bill savings: $12,000In this example, the customer saves $12,000 annually.
renewable energy credits (REC) Revenue: $1,620RECs are tradable certificates that represent the environmental benefits of generating renewable energy.
Total annual savings & income: $13,620This is the sum of your electric bill savings ($12,000) and REC revenue ($1,620), which together generate $13,620 in annual savings and income.
30-year internal rate of return (IRR): 26%IRR measures investment returns over time. A 26% IRR means a business can expect a 26% 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.
30-year savings$351,665
Finacing Options You can also finance your solar system. For this sample, that would be $988/month as a fixed payment. While utility rates climb, your electric costs stay locked in for the next 30+ years.
Your 30-year savings with financing: $272,113