Solar power is expanding on commercial as well as residential buildings. The cost of solar arrays come down and more property owners seek green solutions. But there are complex aspects to installing commercial solar solutions that do not arise in residential solar installations. To install solar power on a commercial building, it definitely pays to work with an expert Bay Area commercial solar and roofing contractor with many years of experience to get the work done reliably, with workmanship guarantees.
What Commercial Buildings Can Utilize Solar Power?
There are many types of commercial buildings that can benefit from solar power, whether you own retail stores, car dealerships, gas stations, office buildings, banks, education buildings, hospitals, and hotels. Rooftop installations for commercial buildings provide every type of business the electricity they need to operate.
When Does Solar Power Work for Commercial Buildings?
There are many benefits of commercial solar systems, and not just for large corporations! Consider these solar power benefits:
- Saves operating costs by reducing electricity expenses. An investment in solar power offers a good long-term investment. High-quality, well-installed solar power equipment can operate effectively for more than 30 years with regular maintenance
- Also controls future energy bills, improving cash flow
- Increases property value
- Improves the brand’s appeal to tenants by signaling a greener and more sustainable long-term business approach
- Supports the local economy as experienced solar system installers are local businesses
How Does a Property Owner Pay For a Commercial Solar Power System?
The first great news is that solar power has become much more affordable over the last decade with commercial prices reduced more than 66 percent since 2010. The second bit of good news is that the government has extended the solar Investment Tax Credit to the end of 2022, through the Consolidated Appropriations Act signed into law in December 2020. And the Biden Administration looks likely to extend the expiration date further based on its environmental objectives.
While we do not recommend any specific method for paying for a new solar system, purchasing the system outright is one option. Another is to finance solar power through a solar lease or power purchase agreement (PPA) which reduces upfront cost. In these instances, someone else owns the solar panels on the building. This may not appeal to a property owner! There is also the government’s PACE financing program.
It is important to choose a certified roofing and solar contractor to help plan and perform the installation. We are familiar with all these financing options, and have no stake in which is chosen.
Choose a Professional Bay Area Commercial Solar and Roofing Contractor
Contact Century Roof and Solar, based in Hayward, CA for your roofing and solar energy solutions. Since 1996, Century Roof and Solar has served the bay area as the premier solar panel systems contractor for over twenty years. Our company works with battery backup systems as well, which not all contractors do.