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Financial benefits

Dramatically reduce your electric bill

Solar panels can reduce your business' monthly bill. SolarWorld can analyze your electric usage and rates to design a system that maximizes your savings.

Protect your bottom line from rising electricity rates

Electricity costs are rising between 4-7% per annually. The sun, however, never invoices you. When you invest in a solar panels, you are essentially purchasing 25 to 30 years of electricity at today's prices.

Take advantage of government incentives

In addition to the federal investment tax credit, which covers up to 30% of the installed cost, state and local incentives can provide financial assistance as well. Also, most solar electric systems qualify for tax advantages like modified accelerated depreciation, so be sure to check with your accountant or tax attorney when considering whether to go solar.

Solar math - sample solar savings

North Carolina Example of electricity bill savings before and after installing solar panels
System size: 77.76 kW
Number of solar panels: 324
System install cost: $486,000
Tax credits: $315,900
MACRS Depreciation: $173,502
Net cost: $3,402
Payback period: 4-5 years
Annual energy savings: $6,855
Annual return: 8.6%
Utility savings over 25 years¹: $223,321

 77 kW commercial solar project drawing example

Prices are examples only. Consult with a SolarWorld installer in your area to determine the costs and rebates for your business.

¹ Calculation is difference in electric bill before and after solar installation over a 25 year period and assumes a 6% annual increase in energy costs.
All calculations are based on the following factors:
SolarWorld Sunmodule 230 watt – 240 watt polycrystalline solar panels
SMA America inverters
Roof orientation 200 degrees south southwest
Tilt 5 degrees
Soiling derating factor: 2%
Federal tax rate 28%
State tax rate 9%

Southern California Example of electricity bill savings before and after installing solar panels
System size: 236.88kW
Number of solar panels: 1008
System install cost: $1,243,620
Tax credits: $459,635
Bonus 100% Depreciation: $391,118
Net cost: $392,867
Payback period: 9-10 years
Annual energy savings: $54,100
Annual return: 11.3%
Utility savings over 25 years¹: $1,913,996

 236 kW commercial solar project drawing example

Prices are examples only. Consult with a SolarWorld installer in your area to determine the costs and rebates for your business.

¹ Calculation is difference in electric bill before and after solar installation over a 25 year period and assumes a 6% annual increase in energy costs.
All calculations are based on the following factors:
SolarWorld Sunmodule 230 watt – 240 watt polycrystalline solar panels
SMA America inverters
Roof orientation 180 degrees south and 235 southwest
Tilt 10 degrees
Soiling derating factor: 2%
Federal tax rate 28%
State tax rate 9%