How Much Energy Do Commercial Solar Panels Produce?
Investing in commercial solar panels can make sense for a wide range of businesses. Whether you operate a grocery store, retail facility, healthcare facility, or nearly any other enterprise, there are many benefits to derive from producing your own power.
Of course, return on investment is a key consideration, and it’s important to understand how much energy your systems will produce, and the factors involved in maximizing production. It’s also vital to explore the various incentive programs, leasing, and other options that can reduce your overall investment and help maximize the returns you enjoy.
3 Key Factors Involved
There are three major factors involved in determining how much energy your commercial solar panels will produce. These include:
Panel Types & Efficiency
The higher the efficiency of the panel, the more energy production you can expect. However, you are still operating within the range of location and setup.
Solar Array Size
When it comes to array size, bigger is not always better. As a general rule, you want to carefully calculate your monthly energy requirement to determine how large an array to install. Reputable solar installers can provide a size estimation after carefully considering all factors involved with your unique property.
Location, Location, Location
As with any business, location matters. Not only your geographical location on the map but the positioning of the panels on the property. You will also want to consider whether you have a flat roof, pitched roof, large trees, or larger buildings in the area that could cast a shadow over the array. Luckily, modern technology allows for more placement options than we previously had. So your property is more likely to be suitable for solar panels than not.
5 Benefits of Solar Farms & Leasing
Solar farms and leasing are becoming increasingly popular options for commercial enterprises searching for cheaper, more reliable alternatives for their power needs. There are many benefits to choosing solar land leasing, including:
- Limited risk and liability: When you use solar farms or lease, your business assumes virtually no risk or liability.
- Lower electrical bills: Monthly lease payments are typically less than the average electric bill.
- Maintenance is covered: When you use solar farms or lease, the maintenance of the solar panels may be included in the contract if you choose the right installer.
- Predictable costs: Solar farm energy production leases are stable and allow you to accurately forecast your annual cost.
- Reduced carbon footprint: Choosing solar reduces the amount of greenhouse gases generated in the production of the energy you require.
Financial Incentives for Solar Farm Owners
If you have some land or are interested in leasing land to build a solar farm, there are many financial incentives to consider. Currently, the federal solar tax credit offers a 30% tax credit for installing solar panels*. There are also numerous state tax credits available on top of this. You can also explore potential property tax exemptions, performance-based incentives, and renewable energy certificates you can collect.
Because these programs are constantly evolving, it’s best to seek professional guidance prior to investing in the construction of a commercial solar farm.
Schedule a Consultation With Solar Liberty
At Solar Liberty, our specialists will help guide you through the process of investing in solar energy. Whether you operate a commercial enterprise or are interested in operating a commercial solar farm, we offer a broad range of solutions that can help you achieve your goals. Since 2003, we have helped clients throughout New York and other regions, and you can depend on the expertise and experience of our NABCEP-certified solar installers and electricians to help you find the optimal solution for your needs.
Contact Solar Liberty to discuss your needs with our team and to discover more about the many benefits and advantages you will enjoy when you choose to invest in solar energy for your business.
*Consult with a trusted tax professional and your solar installer to confirm tax credit eligibility details. Available funding is subject to change based on legislation.
