The Value Proposition of Solar.
The Solar Industry has changed tremendously since it first came on the scene in the 1970’s. As with any mature industry the technology has improved and cost have dropped by 90%!
Over the past decade, the amount of residential solar has risen exponentially while both commercial and industrial property owners have been slower to adopt even with a generous federal tax credit that will offset the installation cost. The solar investment tax credit allows investors in solar energy systems to claim up to 30 percent of their solar installation costs as a credit on their taxes. In December of 2015, the program was extended by five years in order to spur the growth of commercial and industrial solar projects. If we looked at both commercial and residential rooftop solar solutions there is enough suitable, sunny rooftops in the U.S. to provide nearly 20% of the power in every state.
In my home state of Minnesota, we have approximately 282 million square feet of public building rooftops. If we were to place solar arrays on the roof tops of just our K-12 public school buildings, we could create enough to power to satisfy the needs of 125,000 homes. The 30% reduction in utilities would save those school district 110 Million dollars per year, enough to hire an additional 2,200 teachers.
Where would a commercial or industrial property owner interested in solar energy even begin? The best place to start is always with a comprehensive energy plan that has been customized to your building. Our expert team is ready to guide you through every decision point, maximizing your investment dollars and saving you money.