HOW MUCH DO COMMERCIAL SOLAR PANELS COST?

Solar panels

Originally Posted On: https://powersolarphoenix.com/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 $325,000 with average prices ranging from $50,000 to $600,000 in the US for 2019. 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.

Average Commercial Solar Panels Cost

The average commercial solar panel cost for 100kW solar system in the US is about $325,000 with average prices ranging from $50,000 for a 25kW system to $600,000 for a 250kW solar system.

Prices based on a average cost of $3 per watt

Small Commercial Solar Panel Cost (25kW): Avg: $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

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 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.

Accelerated Deprecation

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“.

Benefits of Solar Power For Business

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.

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.