Commercial solar power systems in Tennessee can help you cut utility costs and make your business energy-efficient, while also benefiting the environment by moving you toward renewable energy sources. With commercial solar power systems, you’ll receive tax lucrative tax credits and other incentives to offset a major portion of the installation cost, and the panels are expected to last well over 30 years before they need to be repaired or replaced. Here are a few reasons to invest in solar.
Solar Saves Businesses Money
Solar energy reduces your monthly utility, which is its greatest advantage. A PV system can provide a major financial benefit to your company by not only saving you money on energy costs but protecting your business from energy inflation. In other words, the solar energy you produce and consume will always be immune to rising utility rates! It is “your energy” and you are not using or paying for the utility’s energy.
Commercial Solar Incentives in TN
In Tennessee, businesses can obtain generous incentives to install solar systems.
- Your investment in solar qualifies for 80% Bonus depreciation in 2023
- You get a 30% tax credit (available through 2032)
- If your small business is located in a rural area, you may be eligible for a 50% USDA grant
- Tennessee offers other commercial solar incentives like Green Energy Property Tax Assessment and Sales Tax Credit For Clean Energy Technology
Between the federal solar income tax credit, and Tennessee incentives that decrease the cost of investing in solar and the rapidly decreasing costs of installation and operation, commercial solar power panels are a great investment in TN.
Energy Systems That Are Maintenance-Free And Reliable
Commercial solar power panels require little maintenance – just a light cleaning of dirt, leaves, and snow. This leaves you free to invest your time and money into the more important areas of your business.
A System For Storing Extra Energy
Solar energy storage systems (solar batteries) can be used in conjunction with solar panels to store excess energy. This means that you can store the energy your panels produce while the sun is shining and consume it in the evenings and at night. The more energy you are able to store, the less likely you are to rely on the grid to bridge the gap between your consumption and the output of your panels. At Nashville Solar Works, we will work with you to figure out if you need battery storage and if so, how much.
Be prepared for a disaster
Natural disasters, cyber-attacks, and terrorism put our grid at risk. A power outage, especially an extended one, can cause a huge loss for your business. With a solar system and a battery, you will no longer need to rely on the grid for power and can continue operating normally even during a blackout.
Reputation As A Green Company
You can demonstrate your commitment to sustainability and responsible business practices by going solar. You’ll be reducing your carbon footprint and helping the environment by powering your company with clean energy from the sun! In addition, if you feed excess energy to the grid, you’ll be providing an environmentally friendly energy source to your community.
Whether you run an organization looking to cut costs or an industrial facility searching for a cleaner energy source, installing commercial solar power panels offers many benefits for your business. Solar installations like the one at Nashville’s Hilton Hotel offer tax incentives and tax credits that can help offset much of the upfront cost. Let Nashville Solar Works help you reap the benefits of solar energy for your business today!