Commercial Solar Incentives – Changing How Businesses Power The Future

Jan 2022
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commercial solar incentives

Solar power systems are quickly becoming a foundational piece of the puzzle regarding renewable energy, particularly for Texas. There are more and more reasons to switch to solar for power, even some tax-related benefits. Suppose you’re a business owner considering commercial solar incentives. In that case, you may be pleasantly surprised to find out that there are tax incentives that come with installing solar energy storage systems on your property.

Because of the unique landscapes, weather conditions, and affordability of solar panels in Texas, the Lone Star state is one of the top locations for solar power cultivation and output in the United States.

To take advantage of Texas’ tax benefits for commercial properties, it’s important to consult with a commercial solar company. Professionals (not amateurs) will help you understand the ins and outs of Texas solar incentives.

Here are just a few of Texas’ incentives for commercial solar installations:

Business Energy Investment Tax Credit

Texas offers a very attractive incentive for business owners known as the Business Energy Investment Tax Credit (ITC). You can claim the ITC on your federal corporate income taxes and deduct 26% of the costs related to your solar photovoltaic (PV) system from taxable income. Initially passed as a temporary incentive in 2005, it has been extended into 2022 until further notice.

Property Assessed Clean Energy (PACE)

PACE finances properties that invest in energy efficiency improvements; this is accomplished by promoting property owners to undergo a property energy assessment and pay back improvement costs through annual property taxes. While this can be a great option for commercial property owners interested in solar panels, the property will need to be in an established PACE district.

Rural Energy for America Program (REAP)

REAP is a program through the U.S. Department of Agriculture that offers improvement loans and grants for agriculturalists and rural business owners. In fact, they guarantee loan and grant financing for rural businesses to install renewable energy systems. Solar panels are eligible for business owners as long as they fall into certain geographic areas on their map.

Utility Rebates

Many utility companies offer their own incentives for grid-tied renewable energy systems, including solar! Businesses can save money by enrolling in these rebate programs and even selling energy back to the grid. Major energy suppliers in Texas, such as CenterPoint Energy, Oncor Electric Delivery, Austin Energy, CPS Energy, Midsouth Electric Co-op, and San Marcos Electric, offer solar rebate programs.

Property Tax Exemption

Solar panels can increase the value of your commercial property, but not your property taxes, thanks to Texas’ property tax exemption. With a property tax exemption for solar installation, the state ensures your property taxes won’t increase for a designated period of time. But, you can rest assured that you’ll gain equity as a property owner after the installation is complete. Also, it gets better; you can deduct the cost of your property’s solar panel system from your franchise taxes!

Commercial Solar Incentives – Solar Working For Your Business

Solar installations in Texas are happening more with each passing year, and it’s great to see more and more commercial solar projects get off the ground thanks to commercial solar incentives.

There are many solar companies in Texas, but not all are experienced, knowledgeable, and client-focused like Sunshine Renewable Solutions. As premier Houston solar installers, we are proud to offer expert advice and guidance on solar projects for residential and commercial properties.

Please contact us with any questions you have

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Sunshine Renewable Solutions proudly partners with a leading Texas-based plastic manufacturer, embarking on a groundbreaking initiative to fortify its commitment to sustainability.

By integrating solar energy solutions, we're revolutionizing their environmental impact. Our collaborative efforts aim to construct a robust solar infrastructure, harnessing renewable energy to power their operations efficiently.

Together, we're spearheading a transformative shift towards renewable practices, demonstrating how solar power can drive industrial progress while prioritizing environmental responsibility. Sunshine Renewable Solutions is honored to work hand-in-hand with this industry leader, fostering a brighter, greener future through the strategic implementation of solar energy solutions.

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Creating The Foundation

As the foundational step in our partnership, the construction of concrete piers for the solar panel structure marks a pivotal milestone in our solar energy initiative. These concrete piers serve as the bedrock of support for the entire solar infrastructure, providing stability and durability essential for the efficient functioning of the solar array.

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Precision And Accuracy Are Paramount

Our engineering team meticulously plans and designs the layout of the piers, ensuring they are strategically positioned to uphold the solar panel array's weight and withstand environmental factors such as wind and inclement weather. We adhere to industry standards and best practices to create a robust foundation that guarantees the longevity and resilience of the solar installation.

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A Solid Foundation

Environmental considerations are taken into account throughout the construction process, ensuring minimal disruption to the surrounding ecosystem. Our commitment to sustainability extends beyond energy production to encompass responsible construction practices.

By establishing these concrete piers foundations, we are ready to start Phase 2, erecting the metal support bars. Enabling the subsequent installation of solar panels will power the plastic manufacturer's operations while significantly reducing their carbon footprint.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Slide
Follow The Build

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Texas Plastic

Sunshine Renewable Solutions to Help Formosa Plastics of Point Comfort, Texas, Achieve Sustainability Goals

Formosa Plastics is a major producer of polyethylene, polypropylene, and polyvinyl chloride resins, which are widely used in various industries worldwide. Recognizing its role in environmental stewardship, Formosa Plastics sought to collaborate with a reputable sustainability consultant who can provide solutions to reduce its impact on the environment.

Sunshine Renewable Solutions is a leading sustainability consulting firm that specializes in renewable energy and environmental sustainability. The company has a team of experts who help clients identify opportunities to reduce energy consumption, lower greenhouse gas emissions, and implement sustainable practices through solar power.