When it comes to deciding whether to purchase your solar system or lease it, it helps to know your options. Truthfully, both are great options for going solar and both come with awesome benefits for your business.
Solar Purchase
Solar purchase simply means that you purchase your business’ solar system outright and that you are the owner of all equipment.
Benefits of Solar Purchase
Purchasing your solar system offers your business so many benefits! First of all, a solar purchase will earn your business years of affordable power! You will just have a small monthly charge from your utility provider. Your company can also take advantage of huge tax benefits such as 85% accelerated bonus depreciation, which means that your company can write off 85% of the cost of the solar system in the first year of operation! In addition, you will receive a 30% federal tax credit for 2019, which drops to 26% in 2020 and 22% in 2021 and 10% starting in 2022 onward. So, the time is now to take advantage of these two great financial incentives.
According to Consumer Reports, purchasing your solar system outright can reduce your electricity bill by 70 to 100 percent, depending on the size and orientation of your roof and local regulations.
Plus, when you purchase your solar system from, US Energy Solutions, we will provide continuous system monitoring and a great workmanship warranty.
Additionally, businesses that purchase solar systems can get potential tax credits and incentives.
And, the best part of all is that most systems pay for themselves in five to seven years.
Solar Lease
If you are interested in using renewable energy at your business location, but you aren’t ready to purchase a solar system outright at the moment, then solar leasing is a great option. This simply means that you lease your roof or land to a company that will build, own, and maintain the system while paying you monthly lease payments. The company you lease your system from will install everything and sell the electricity to your local utility company.
There are three different options for solar leasing:
- Rooftop
- Parking lot
- Land
Benefits of Solar Leasing
With a solar lease, you get the opportunity to make additional money on your property via annual rent payments. Plus, with a solar lease from US Energy Solutions, you get the added benefit of insurance and a full warranty. Plus, we offer the opportunity for your business to incorporate any re-roofing expenses right into the project costs.
Solar Purchase vs. Solar Lease: Which One Is Best For Your Business?
At the end of the day, whether you purchase your solar system outright or lease, it will depend on your energy needs and financial goals. But, whichever option you choose, your business will reap the benefits of substantial long term energy savings!
Get Your FREE On-Site Assessment Today!
Ready to take the next step in going solar? US Energy Solutions can help you choose the right option for your business. US Energy Solutions provides energy-efficient solutions resulting in proven cost savings, reduced energy consumption, and a smaller carbon footprint. We consult with companies to help them evaluate opportunities to invest in projects that provide significant energy savings, including going solar. And, the best part of all is that all projects end up paying for themselves through rebates and energy savings, especially when your business goes solar. Click here to schedule your no-cost, complimentary, on-site Energy Assessment today!