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Commercial

Steps in our process

Solera Energy, LLC ‘s energy consultants will prepare an easy-to-understand Investment Benefit Analysis outlining the financial benefits generated by a solar investment.
01

Initial Consultation (Estimated time 1 hour)

  • Obtain your previous 12 months of utility bills
  • Gain an understanding of your business, facilities, and power usage
02

Site Survey
(Estimated time 1-2 hours)

  • Our engineering & electrical engineers visit your site
  • Gain an understanding of your existing electrical
03

Presentation
(Estimated time 1 hour)

  • Annual energy savings
  • Tax benefits from solar credits and depreciation
  • Return on Investment
  • Internal Rate of Return
  • Payback Period

General Questions

Frequently Asked Questions
Solar panels will perform for 25 to 45 years or longer. Panel manufacturers include a 20- to 25year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. The true economic life of solar panels is much longer. Your solar panels will likely generate a good amount of electricity 30-40 years from now. Solera Energy, LLC also offers an Operations & Maintenance program with annual inspections to help you make sure your system is operating as designed for years to come.
For 2020, the federal solar investment tax credit is equal to 26% of the cost of your solar equipment. The solar investment tax credit is a dollar for dollar offset against your 2020 federal income tax liability. Example: If your investment in solar equipment is $100,000 in 2020, then your 2020 solar investment tax credit is $26,000 ($100,000 x 26%). In other words, if your federal income tax liability is $300,000 for 2020, that liability can be reduced to only $274,000 after applying the solar investment tax credit against your federal income tax. Note: the solar investment tax credit steps down to 22% in 2021 and then to 10% in 2022.
Very little. The initial meeting will take about an hour. The site visit will take about an hour. And, the Presentation of Financial Benefits of Investing in Solar will take about an hour. From there, Solera Energy, LLC does the rest and you can become as involved or uninvolved as you wish. It is our mission at Solera Energy, LLC to do the heavy lifting for you. Our team of solar designers, electricians and installers will engineer your system, choose your equipment, and construct your project for you.
Yes. The depreciable basis of your solar equipment is equal to its original cost less 50% of the investment tax credit claimed. For example: If your investment in solar equipment is $100,000 in 2020, then the depreciable basis of your solar equipment is $87,000 (($100,000 original cost minus ($26,000 ITC x 50%). Solar equipment is depreciated using 5 years MACRS and, for 2020, is eligible for “bonus” depreciation. Bonus depreciation means you can 100% deduct the depreciable basis of your solar equipment in 2020. Assuming you are in the top individual income tax bracket of 37% for 2020, the federal income tax benefit from $87,000 of bonus depreciation would be $32,190 ($87,000 x 37%).
Every solar investment is different and depends on a number of factors including your organization’s energy usage, the utility rates you’re currently paying the utility company, your company’s income tax situation, and incentives that might be available beyond the federal ITC and federal depreciation benefits, among other things. However, based on our experience, your investment should produce returns falling in the following ranges: Internal Rate of Return: 10% to 25% Return on Investment over life of the Investment: 2x to 6x (200% to 600%) Payback Period in Years: 6 to 12 years Solera Energy, LLC will provide a detailed analysis showing estimates of the above for your business.
Typically, zero. Most solar investment are financed so that the federal income tax benefits (ITC and depreciation) far exceed any out of pocket costs you may have upfront.
Very little. The initial meeting will take about an hour. The site visit will take about an hour. And, the Presentation of Financial Benefits of Investing in Solar will take about an hour. From there, Solera Energy, LLC does the rest and you can become as involved or uninvolved as you wish. It is our mission at Solera Energy, LLC to do the heavy lifting for you. Our team of solar designers, electricians and installers will engineer your system, choose your equipment, and construct your project for you.
If you have more questions contact us here.

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