How Much Do Commercial Solar Panels Cost?
The average cost of commercial solar panels depends on the number of kilowatts you need to cover your energy consumption. On average, commercial solar panels cost about $251,162 with average prices ranging from $50,211 to $502,113 in the US for 2021. According to EnergySage, “The cost of a solar panel system is usually measured in dollars per watt. The average commercial system was priced at $2.87/Watt before any rebates or incentives, with most quotes ranging from $2.50/Watt to $3.22/Watt“. Commercial solar panels are priced at around $2.87 per watt with prices ranging from $2.50 to $3.22 per watt before tax incentives and rebates.
The average commercial solar panel cost for 100kW solar system in the US is about $251,162, with average prices ranging from $50,211 for a 25kW system to $502,113 for a 250kW solar system.
Prices based on a average cost of $3 per watt
- Small Commercial Solar Panel Cost (25kW): Avg: $50,211
- Small-Med Commercial Solar Panel Cost (50kW): $100,423
- Medium Commercial Solar Panel Cost (100kW): $200,846
- Large Commercial Solar Panel Cost (250kW): $502,113
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.
According to BlueOakEnergy, “industrial solar installation makes it easy to reduce costs and plan for the future“.
Businesses Can Pay Off Their Solar Panels 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.
Commercial Solar Installation Costs Are Cheaper Than Ever
Commercial solar panels are more affordable than ever. According to SunPower, “the installed cost of solar panels has dropped between 6% and 12% every year since 1998, with the most dramatic decreases taking place after 2009“.
Businesses Can Save Thousands A Month With Solar Power
Businesses who install solar panel systems typically:
- Offset their electricity use by 75.3%
- Reduce their monthly electric bill from $1,950 to $517
- Save $1,433 a month off their electricity
- Pay off their solar systems within 3-7 years
- Enjoy free electricity for 25-35 years
Read more about why businesses should go solar.
Are Commercial Solar Panels Worth it?
Yes, commercial solar panels are absolutely worth it. Solar panels can offset your electricity cost by 75.3%, reduce your monthly energy bill, and more! Furthermore, business owners can deduct up to 85% of the system cost from their business taxes.
PHPSystems says, “According to the Solar Energy Industry Association, the cost of solar has come down 75% since 2006. In fact, solar panels are 100 times cheaper than they were back in 1977! … So the building owner gets to sidestep the capital expense while still being able to take advantage of lower energy prices.”
- Reduce electricity costs
- Instant Return On Investment
- Reliable & Maintenance Free
- Lower Your Carbon Footprint
- Lock-In Power Costs For Years
- Businesses Receive Huge Tax Rebates
- Reduces Your Reliance On Utility Power
- Make A Difference In Your Community
- Save Thousands A Month On Electricity Costs
- Win More Customers With A Commitment To Sustainability
- Can Be Financed With No Money Down & Low Monthly Payments
Read more about the benefits of solar panels for business.
How Much Do Commercial Solar Panels Cost in Arizona?
On average, commercial solar panels in Arizona cost about $2.25 per watt to install solar panels on a building. However, if you want to build a parking lot structure for solar panels, you can expect to pay upwards of $2.50 to $3.50 per watt. Learn more about solar panels cost in Arizona.
Alternative Energy, LLC Can Help With Commercial Solar Panels in Phoenix, Arizona
Alternative Energy, LLC is Phoenix, 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.
Alternative Energy, LLC offers affordable solar panel installation, off-grid solar systems, residential solar panels, solar batteries for home & business, solar air conditioning, solar carports & canopies, commercial solar panels, solar EV charging stations, solar panel removal and reinstall, solar panel repair, and other very effective energy-saving products & services. View our solar financing options. We offer solar panel installation all over the entire United States.