Going solar makes a great impression. Research shows that a growing number of consumers make their buying decisions based on environmental responsibility. If your business or organization wants to earn its green credentials, a solar system can help you market your commitment to clean energy. Generating electricity from solar energy means you use less fossil fuel, as well as reducing pollution and emissions – now that's a positive public relation message we can all get behind.
Looking to create some energy independence? Installing a grid-connected solar solution will give you the freedom to generate your own power while retaining the dependability of the grid. Your series of interconnected panels convert the sun’s rays into live alternating current electricity. It’s the same current you get from the grid, but you produce it independently.
Future-Proofing Energy Costs
Predicting your electric bill becomes easier once you add solar. Instead of facing fluctuating energy bills, you’ll know what to expect each month. The portion of your energy usage that is generated by your solar system is no longer subject to short- or long-term increases in electricity rates.
Looking for a way to cut overhead and reduce energy costs? One operating cost that you can reduce is your electric bill. These energy savings can have a significant impact for businesses and organizations large and small. Consider the installation of solar as an investment, not an expense. The return on investment you get from a solar power system often exceeds that of most other investments. And when you consider other savings such as Investment Tax Credits, the Modified Accelerated Cost Recovery System, and other local incentives, the savings can really add up.
The Solar Investment Tax Credit (ITC)
One of the most important federal policies to support solar energy growth in the United States, the ITC is a tax credit for solar systems on both residential and commercial properties. Think of the solar tax credit as a dollar-for-dollar reduction in the income taxes your company would pay, depending on the cost of your solar system.
The Modified Accelerated Cost Recovery System (MACRS)
You’re also entitled to accelerated depreciation on your solar energy equipment through the MACRS federal government program. While typical equipment depreciation tax deductions normally spread over the entire life of the products, the MARCS initiative allows you to write off your total solar panel system in the first year. This significantly improves your cash flow and the ability to finance your solar power installation.
Local Solar Incentives
The state of Missouri offers rebates for new or expanded solar electrical systems, up to 150kW for nonresidential Evergy customers. It includes a rebate of twenty-five cents per watt for systems that become operational before the end of 2023.