Solar for your business
Solar can help your business reduce long-term energy costs while turning a recurring operating expense into an investment in your property. With a well-designed solar system, you can generate your own electricity, reduce your exposure to rising utility costs, and take advantage of available financial and tax benefits.
Commercial solar experts
Whether you own a small business, manage a large facility, or oversee a farm or school, our team can guide you through every step of the process—from evaluating your property and energy use to system design, installation, and ongoing support.
Incentives and savings for your business
Reduce operating costs by generating your own electricity and reducing the amount of energy your business purchases from the grid.
Increase your property value. A solar-equipped building can increase in value by up to $20 for every dollar it generates annually.
Support your sustainability goals while demonstrating your commitment to clean energy to customers, employees, and your community.
Reduce your exposure to rising energy costs by producing electricity on-site for decades.
Claim up to 40% with federal solar tax credits. Qualifying commercial solar projects may be eligible for a 30% federal tax credit, with an additional 10% available for projects that meet domestic content requirements.*
Maximize the financial benefits of your investment. Eligible businesses may be able to depreciate their solar investment over a five-year period through the Modified Accelerated Cost Recovery System (MACRS). Renewable Energy Credits (RECs) may also provide an additional source of revenue.
Ready to see what solar could look like for your business?
Breaking down the ROI of solar
See how a commercial solar system can deliver significant savings and financial benefits. In this scenario, the customer’s grid-powered electric bill is $1,000 per month ($12,000 per year).
Investment and Incentives
| Total system & installation cost: $138,000 | This includes solar panels, inverters, installation work, and warranties. |
| *Federal ITC (30%): $41,400 | This example uses the 30% base federal tax credit. Systems that meet domestic content requirements may qualify for an additional 10% tax credit. |
| *Depreciation benefits $42,780 | Depreciation 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: $53,820 | Estimated net cost after the federal tax incentive and depreciation tax benefit shown in this example. |
Annual savings and income
| Electric bill savings: $12,000 | In this example, the customer saves $12,000 annually. |
| Renewable energy credits (REC) Revenue: $1,620 | RECs are tradable certificates that represent the environmental benefits of generating renewable energy. |
| Total annual savings & income: $13,620 | This 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 years | The payback period is the time it takes for the system to pay for itself through savings and income. |
| 30-year savings | $351,665 |
| Financing Options | You can also finance your solar system. In this example, financing would result in a fixed payment of $988 per month, providing more predictable long-term energy costs as utility rates change. 30-year savings with financing: $272,113 |
*Maine Solar Solutions does not provide tax, legal, or financial advice. Please consult a tax professional to confirm your company’s eligibility for federal incentives.
Get started with a free site assessment
During our solar site assessment, our experts will evaluate your property, offer tailored recommendations and custom designs, and present the best solutions to fit your budget and energy goals.
