Is Solar Profitable For Your Business?

Commercial properties can get 60% off their solar panel systems, making solar even more cost-effective than a residential property. Many utility companies like CPS Energy also offer incentives for commercial properties to go solar. If electricity is an important commodity in your business, you should seriously consider going solar.
 
Solar Edge Pros has done over 5,000 installations in San Antonio and its surrounding areas within the past eight years. While some companies can boast a greater amount of installations, few compare in customer service. Why? Because every job is done in-house. From the solar consultant to the installer, we are all one team.
 
If you are ready to get started, click the button below to schedule an appointment with one of our solar consultants.  When you do, we ask that please keep the following in mind:
 
1. You must be the property owner of the building.
 
2. If the business is located at your residential address, you will need a separate meter account for your business on the property.
 
3. Have a copy of your electric bill handy at the appointment.

We Can Install With Any Utility Provider

How Can My Business Save Money With Solar?

Depreciation Costs

Your solar panel system gets 30% off in the form of depreciation 

Utility Rebates & Tax Credits

Commercial properties can qualify for larger rebates and tax credits than residential properties. Lowering your overhead cost means greater ROI.

Utility Rebates For Solar

CPS Energy and New Braunfels Utility (NBU) currently offer commercial properties rebates on any solar installation. Each one provides the rebate so long as certain regulations are met. See below to learn if your installation would qualify. Learn more about why utility companies offer rebates here.

CPS Energy

Solar Rebate Incentive Amount for Commercial Property

$0.60 per AC Watt for the first 25kW, $0.40 per AC Watt for kW over 25

$0.10 per AC Watt premium for projects utilizing local modules

This Means…

If we install 75, 345-Watt Mission Solar panels (local modules) your CPS Energy rebate would be:

(0.60)(75 panels) + (0.10)(75 panels) x 290.40-AC Watt = $15,246.00

Requirements

  • Only systems using eligible PV modules and Inverters listed by the California Energy Commission (CEC) website will qualify for rebates.
  • All installed PV systems must carry a 1-year warranty from installer. Solar modules must carry a 20-year warranty from the manufacturer. Inverters must carry at least a 5-year manufacturer warranty without battery back-up.
  • Installation location must have at least 260 sq. ft. of unobstructed space; system should be on most southern facing side, systems facing in a northern direction do not qualify.
  • It is the responsibility of the customer to obtain all appropriate permits.
  • All inverters and solar modules must be new.
  • PV system installations on residential structures and all commercial buildings must also obtain appropriate City building permits.
  • All PV systems must be interconnected, at customer’s expense, to CPS Energy’s electrical grid. All PV systems must comply with current CPS Energy guidelines governing interconnection with CPS Energy’s electric system, and any subsequent revisions to these guidelines. These and other requirements are subject to change.
  • CPS Energy will not rebate any solar PV system less than 1 kW AC.
  • If re-roofing is required, PV system removal and reinstallation is at customer expense.
  • Batteries will not be covered under the rebate.

Rebate information is based on CPS Energy Website: https://www.cpsenergy.com/content/corporate/en/my-home/savenow/rebates-rebate/solar-photovoltaic-rebate/comm-solar-installation-guidelines.html

NBU energy

Solar Rebate Calculation - Max $26,000

(a) System capacity (number of modules x PTC rating) 

(b) Inverter power rating (number of inverters x power rating)

Lower of the two options x $0.45 = Rebate Amount

This Means…

If we install a system of 75, 400-Watt Jinko Solar Panels with 75 Enphase microinverters, your rebate would be:

(a) 75 x 371.4 = 27,855 watts

(b) 75 x 400 = 30,000 watts

27,855 watts x $0.40/watt = $11,142.00 

Requirements

  • Solar panels must be between 200 and 290 degrees and tilt must be between 15 and 60 degrees
  • Agree to NBU Electric Engineering net metering policies, conditions, requirements, and guidelines
  • Proof of work, receipts of purchase, and all warranty information must be included upon submission of this application in order for the rebate to be considered.
  • Rebate application must be received within one year of the installation.
  • Agree to allow NBU to perform any necessary inspections, both during initial installation and in the future.
  • Be the sole owner of the solar PV generating system
  • The understanding of various terms and conditions

Rebate information is based on New Braunfels Utility Website: https://www.nbutexas.com/wp-content/uploads/2021/09/2021-Solar-Rebate.pdf

Tax Credit For Commercial Properties

Not only are utility rebates higher for commercial properties, the tax credit 

Tax Credit Incentive For Commercial Properties

The Investment Tax Credit (ITC) is calculated by multiplying the applicable tax credit percentage (currently 30%) by the “tax basis,” which is the amount invested in eligible property. Eligible property includes the following:

  • Solar PV panels, inverters, racking, balance-of-system equipment, and sales and use taxes on the equipment
  • Installation costs and indirect costs
  • Step-up transformers, circuit breakers, and surge arrestors
  • Energy storage devices (if charged by a renewable energy system more than 75% of the time)

Information on Tax Credit provided by Energy.gov: https://www.energy.gov/sites/prod/files/2021/02/f82/Guide%20to%20the%20Federal%20Investment%20Tax%20Credit%20for%20Commercial%20Solar%20PV%20-%202021.pdf

Tax Requirements For Commercial Properties

*** the following information should only be considered supplemental to the guidance of a financial advisor ***

  • Used by a business subject to U.S. federal income taxes (i.e., it cannot be used by a tax-exempt entity like a charity)

  • Located in the United States or U.S. territories (though can only be used against federal income tax obligations)

  • Systems must use new and limited previously used equipment

  • Not used to generate energy for heating a swimming pool

Why Go With The Pros?

San Antonio Founded

We love our home in San Antonio. Come by anytime and see our showroom floor. You will get to learn how solar panels are installed. We are located at:

11010 Coachlight Dr., Suite 103,   San Antonio, TX, 78216

Zero Sub-Contractors

Alll our work is done in-house. This means everything from the marketing to the installation is done by a Solar Edge Pros employee. Other companies often sell the contract to an installation crew like us. So you could pay them more, but we will likely be the ones installing it.

Five Stars on Google

Our 5-star rating on Google was no accident. We work hard to keep our clients satisfied with their panels and ensure they are happy long after the installation.

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