Commercial Solar Panels
Written by webtechs

Commercial Solar Panels Cost 2021

Commercial solar panels typically cost an average of $251,162, with a range of prices from $50,211-$502,113 in 2021. The total cost of these panels will depend on the number of kilowatts needed to cover your energy consumption, according to EnergySage.

The typical cost for a commercial solar panel 100kW system is $251,162, based on an average price of $3 per watt. Here are average costs for commercial panels varying in size:

  • Small commercial panel (25 kW): $50,211 on average
  • Small to medium commercial panel (50kW): $100,423
  • Medium commercial panel (100kW): $200,846
  • Large commercial panel (250kW): $502,113

*Pricing includes a federal tax credit of 30%

Commercial Solar Panels Cost

Are Solar Panels Worth It?

If you are wondering whether solar panels are worth the investment for your commercial property, the answer is a resounding yes! Solar panels can offset electricity costs by upwards of 75% per month. Additionally, business owners can deduct up to 85% of the system cost from their taxes.

Here is a look at a few of the benefits of solar panels:

  • Reduces electricity costs
  • Quick return on investment
  • Maintenance free
  • Power costs will be locked in for years to come
  • Huge tax rebates for businesses
  • Can be financed with no money down and/or low monthly payments

Do Commercial Solar Panels Save Money?

Commercial facilities that installed these solar panels tend to save up to 75% on monthly utility bills. It only takes an average of 5 years to pay off your commercial solar system, which leads to 25-35 years of free electricity. Here are a few ways your business could save even more money after installing solar panels:

Federal Tax Credit

A federal tax credit can save new solar installers upwards of 30% of the cost of the total panel installation.

State Tax Credit

States like Arizona offer a 10% credit, which helps offset the cost of the panels.

Accelerated Depreciation

Commercial property owners are able to deduct up to 85% of the system’s total value from their business taxes.

Any business that opts for solar panel installation can enjoy these benefits:

  • Offset electricity usage by 75%
  • Save nearly $1,500 per month
  • Pay off system cost in 5 years, on average
  • Enjoy free electricity for the next 25-35 years.

Commercial Solar Panels Cost In Arizona

Typically, commercial solar panels in Arizona will cost between $2.50-$3.50 per watt, meaning business owners can expect to pay $3.00 per watt, on average.

Solar Panel Cost In Arizona

Schedule Your Insulation Services Today!

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