Understanding Commercial Solar Rooftop Systems
Financial Benefits Reduced Electricity Expenses One of the most compelling reasons businesses adopt solar rooftop systems is the potential for significant energy cost savings. By generating electricity on-site, companies can lower their reliance on grid power, leading to reduced monthly utility bills. Additionally, excess energy can be sold back to the grid through net metering, providing an additional revenue stream. Tax Incentives and Accelerated Depreciation In many regions, businesses investing in solar energy systems can benefit from various financial incentives. For instance, accelerated depreciation allows companies to depreciate 40% of the solar system's value in the first year, significantly reducing taxable income. Lower Goods and Services Tax (GST) rates on solar equipment also contribute to reducing the overall investment cost. Environmental Impact and Corporate Social Responsibility Adopting solar energy aligns with global efforts to combat climate chan...