Commercial Solar Installations
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Commercial Solar - Purchasing Methods:
Direct Purchase
Advantages:
- Quickest path to ownership
- ROI of 4 years in Georgia*
- IRR in low teens*
* Assumes you can receive the Georgia State Tax Credit
- Your business retains the Energy Credits
Disadvantages:
- Typically needs to be in capital budget
- Upfront capital vs. operating budget
Operating Lease
Advantages:
- Georgia State Tax Credit will not be your company's issue
- No large capital outlay
- Project moves from capital budget to operating budget
- Immediate ROI
- Energy credit may stay with your business
Disadvantages:
- Project must be purchased at Fair Market Value at end of lease or dismantled
- O&M agreement typically needed with lease
Power Purchase Agreement (PPA)
Advantages:
- Agreement between an independent solar array owner and your business
- Business purchases energy from array owner, typically priced lower than utility
- No upfront costs
- Long contract, stable price
Disadvantage:
- 3rd PARTY PPAs CURRENTLY NOT ALLOWED IN THE STATE OF GEORGIA
- At end of contract(s) array must be purchased at Fair Market Value or dismantled
- Some higher legal fees since contracts are not well known
- Energy Credit typically stays with the independent solar array owner
Why Solar For Your Commercial Business?
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A Few Reasons To Purchase Solar For Your Business:
Solar Works In Georgia! - Solar is the one sustainable energy project that you can measure. Your own electric meter will show you the results and your electrical bill will confirm the results.
Solar Is Predictable! - Solar energy production is based on years of data that has been verified by the National Renewable Energy Laboratory. Your commercial solar installer will be able to tell you with some certainty your future production. Larger solar arrays can purchase insurance to back up production guarantees.
Your Customers Are Asking You For Meaningful Sustainable Action - Businesses throughout the State of Georgia are asking their vendors to help them grow in a sustainable manner. Your solar array will set you apart from the competition to your customers. Solar array not only produce sustainable renewable energy, they do it in a visible manner complete with public monitoring.
Solar Makes Economic Sense - Besides a quick payoff and a decent IRR solar takes one of your largest variable costs and converts it to a low fixed cost. Once the ROI is reached this project will produce FREE clean energy 25 years or more!