If you’re looking for how much commercial solar panels cost, this post should help! Learn about the cost and benefits of commercial solar panels below.
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.
How Much Do Commercial Solar Panels Cost?
The average cost of commercial solar panels depends on the amount of kilowatts you need to cover your energy consumption. Generally speaking, the average cost of commercial solar panels is $100,000 to install for a medium sized business. 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): $100,000
These prices include the federal income tax credit of 30%
Businesses Can Pay Off Their Solar Systems Fast With Tax Credits
There are awesome tax credits that make paying the back the cost of commercial solar fast.
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.
GreenLife Can Help With Commercial Solar Panels
GreenLife Energy Experts is Arizona’s premier commercial solar panel installer and helps small businesses 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.