Commercial Solar Installation Chicago
Providing solar energy assistance to Illinois businesses & industrial facilities – Green is the way to go.
We can discuss how you can reduce your operating costs or make your properties more attractive to potential tenants by offering them lower utility bills than your competition, whether you are a commercial property manager, a developer planning a new project, or a building manager for an industrial facility.
Solar Contractors Chicago is a group of electricians and energy specialists who are well-trained, highly talented, and certified. We’re also passionate about assisting businesses in transitioning to a more cost-effective and environmentally friendly source of electricity in order to help them increase earnings and improve their brand image. we offer commercial solar system design for our clients as well as install commercial solar systems and get you commercial solar system rebates.
Solar Contractors Chicago will assist you in obtaining every local, state, and federal incentive or tax credit available to lower the cost of incorporating solar into your new project or renovation as part of our commitment to our clients. Solar systems, for example, can qualify for special Federal tax depreciation rules under the Modified Accelerated Cost-Recovery System (MACRS), such as a 50 percent first-year bonus depreciation (reduces to 40 percent in 2018, 30 percent in 2019). A benefit of working with Solar Contractors Chicago is that you’ll get the best commercial solar system rebates available.
Operating costs are lower – Controlling costs is the simplest approach for any firm to improve its PL statement. A modern business’s energy consumption can account for a large amount of its operating costs. Solar energy is a more cost-effective option than paying monthly utility bills.
Return on investment — You can get many years of free energy from the sun for a one-time expense (no up-front cost if financed). With a 25-year solar panel guarantee, a big rooftop array, such as those found on commercial buildings, can quickly pay for itself and last for decades.
Reduce your company’s carbon footprint — by switching to solar energy, your company is helping to make the world a better place. A new generation of customers is on the way who value businesses that make an effort to “go green.” We may reduce hazardous emissions (such as sulfur dioxide), poisonous waste products (such as arsenic and mercury), and keep more pure water for drinking if we work together rather than relying on non-renewable energy sources. You can also attract an increasing number of clients who are willing to reward environmentally conscious enterprises with their money.
When it comes to state energy tax credits in Illinois, the Future Energy Jobs Act (FEJA) has played a significant role in encouraging commercial establishments to shift to solar energy. The Act provides many incentives, including Solar Renewable Energy Credits (SRECs). These credits can be sold and traded, providing a substantial monetary incentive for businesses to invest in solar panels. Besides, the Solar Investment Tax Credit (ITC) allows businesses to deduct 26% of the installation costs from their federal taxes.
In Illinois, the Solar Renewable Energy Credit (SREC) program offers a solar performance payment, allowing solar panel owners to generate SRECs that can be sold to the utilities to meet their renewable energy standards. The SRECs act as a certificate that proves the generation of one megawatt-hour (MWh) of electricity by the business’s solar panel system.
Solar Energy Systems installed in commercial properties are eligible for the state’s Special Assessment for Solar Energy System Act, which provides for a significant property tax exemption. This means that the assessed value of your property won’t increase due to the added solar panels, making your initial investment more impactful in the long run.
Did you know that Illinois also offers sales tax exemptions for solar projects? This means a 6.25% cost savings right off the bat for your commercial solar project in Chicago. Such a commercial solar incentive exempts your business from paying any state, county, or municipal sales tax on your solar equipment.
Transitioning to solar energy is a massive leap forward for any business. When thinking about commercial solar installation in Chicago, hiring the right commercial solar contractors is crucial. They possess the necessary expertise and equipment to install your solar panels correctly, ensuring that you get the most from your investment
Given the enormous initial expenditure involved in deploying solar panels, commercial solar financing in Chicago is a valuable option for most businesses. Along with the federal investment tax credit (ITC) and state incentives, various commercial solar loans in Chicago can help offset the upfront costs.
Your company can drastically cut its energy costs and carbon footprint by switching to solar electricity. Chicago has already seen the start of numerous businesses’ and organizations’ commercial solar initiatives. Firms of all sizes, from small local businesses to global conglomerates, are harnessing solar energy to gain cost savings, energy self-sufficiency, and an environmentally sustainable business strategy.
A number of Chicago-based banking firms provide commercial solar loans in an effort to simplify and ease the switch to solar energy. These loans are the perfect option for companies of all sizes because they often have flexible terms and affordable interest rates. In addition, several solar incentives including federal and state tax credits can lessen the entire cost.
To sum up, with a variety of commercial solar incentives and financing alternatives available, switching to solar energy in Illinois is now easier than ever. Furthermore, it offers substantial potential advantages including cost savings and increased energy independence. Take use of the state’s abundant sunshine to make your company a more economical, ecologically conscious operation. This is the perfect moment to think about making the move to solar power for any Illinois-based company, no matter how big or little.
Solar panel costs - Solar Contractors Chicago offers a wide variety of solar panel services for Hoffman Estates, IL and...