Commercial Solar Panel Experts
Bringing The Power Of The Sun To Your Business
At Castaways Energy, our goal has always been to offer thorough consultations, tailored designs, expert engineering, and seamless installations for solar systems across residential and commercial properties in Orlando and Central Florida. With a cumulative experience of over 40 years, we’ve earned a reputation as the foremost trusted solar provider in the region. We are deeply committed to fostering enduring customer connections and value your business with the utmost seriousness. Trust Castaways Energy to guide you towards achieving energy independence, sustainability, and financial objectives through the transition to solar energy.
Tax credits and incentives make it possible for more businesses to take advantage of the benefits of solar.
MACRS Accelerated Depreciation
Year 1 Bonus Depreciation
30% Federal Tax Credit
Even More Solar Incentives
As if lower utility bills were not enough, when you switch to solar, customers are able to take advantage of tax benefits that significantly reduce the cost of the system. There is a 30% federal tax credit available, and commercial solar customers are able to depreciate their solar systems on their federal and state taxes. These tax incentives are equivalent to 60–70% of the cost of the system, and between the solar savings and tax incentives, business customers can get their money back in anywhere from 4 to 6 years. With a 30-year or more useful life, once your solar system has paid for itself, it will keep saving money for decades to come.
Financial Incentives
This aspect is perhaps the most well-known. The Federal Solar Investment Tax Credit (ITC) and the 5-Year Modified Accelerated Cost Recovery System (MACRS) have been important drivers in reducing costs for companies going solar. Many other rebates and incentives exist at the state, municipal, and utility levels. You can find out more about specific locations by searching the Database of State Incentives for Renewables & Energy.
Strategic Net Metering
The Florida Public Utility Commission approved Net Energy Metering Aggregation (NEMA) and Net Energy Metering Virtual (NEMV) in 2009, allowing businesses to install a single centralized solar power system to offset multiple meters or facilities. Benefiting meters can be at different rates or even located on different properties, but they must be on contiguous parcels. Net metering (the ability to sell energy to the utility) can also be central to creating positive financial returns.
Rate Structure Incentives
While most companies have heard of net metering, perhaps one of the least talked about but extremely important topics is the role of rate structures. When possible, having the ability to rate switch to the best utility rate structure is extremely helpful to creating a winning financial scenario.
Maximizing Financial Value
This is a great opportunity to go solar. The right partner, like Castaways Energy, can help you assemble the most financially advantageous combination of incentives, rate structures, financing, and investors (when applicable) to help your business achieve the maximum benefits and value from your solar project.
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