If you’re looking for how much do commercial solar panels cost, this post should help! Learn more about commercial solar installation costs vs savings by reading this post.
The average cost of commercial solar panels depends on the amount of kilowatts you need to cover your energy consumption. On average, commercial solar panels cost about $325,000. Commercial solar installation costs ranged from $50,000 to $600,000 in 2018-2019.
Prices based on a cost of $3 per watt
- Small Commercial Solar Panel Cost (25kW): $50,000
- Small-Med Commercial Solar Panel Cost (50kW): $100,000
- Medium Commercial Solar Panel Cost (100kW): $300,000
- Large Commercial Solar Panel Cost (250kW): $600,000
- Average Commercial Solar Panel Cost (100kW): $325,000
These prices include the federal tax credit of 30%
How Much Do Commercial Solar Panels Save on Electricity?
Commercial facilities that installed solar panels reduced their monthly electricity bills by an average of 75%, reducing their monthly utility bills from $2,000 to $500, resulting in $1,500 monthly savings. It takes an average of 3-7 years to pay off your commercial solar system and business owners can enjoy 25-35 years of free electricity.
Businesses Can Pay Off Their Solar Systems Fast With Tax Credits
There are awesome commercial solar tax credits and incentives that make paying back the cost of commercial solar happen faster than ever before.
Federal Tax Credit
The general tax credit will save new solar installers up to 30% of the cost of your commercial solar panel installation.
State Tax Credit
Some states like Arizona even offer a 10% tax credit to help offset the cost of commercial solar panels.
Commercial facility owners are allowed to deduct up to 85% of the total value of their solar system from the business taxes. This provides a huge way to offset the high cost of commercial solar panels.
Alternative Energy, LLC Can Help With Commercial Solar Panels
Alternative Energy, LLC is Arizona’s premier commercial solar company helping small to large businesses go solar. Save up to 99% on electricity with commercial solar panels and other commercial energy saving products. Get a free commercial solar quote! Learn more about the benefits of solar panels for business.