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%
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.
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.
Schedule Your Insulation Services Today!
Whether you are building a new house, or just need to remove the old insulation and install a newer more energy efficient option Barrier Insulation is Phoenix’s first choice in home and commercial insulation. We proudly provide the valley’s more comprehensive insulation service that helps you stay more comfortable and save on energy. Click here to schedule on our website, or just give us a call at 602-499-2922.