Commercial solar faq’s
If you are considering a commercial solar project, you likely have some important questions. Below are answers to some of the questions we hear often. We are also happy to answer your specific questions one-on-one. Feel free to contact us. We are here to help!
Why should my company invest in commercial solar?
Save monthly operating costs (increase company valuation, while reducing monthly cash expenses during all economic conditions).
Free up capital to be used on other initiatives
Bring forward tax credit + accelerated depreciation to deploy in other areas of the business
Utilize strategic financing for capital efficiency (i.e. NO cash up front)
Achieve payback as low as 3 years. Utilizing grants available in certain geographies, payback can become even more attractive.
What are the hidden costs of solar?
Optimus’ commercial solar energy systems come with a 20-year operations and maintenance package included at NO additional charge. This means that for 2 decades, you will have no operational expenses related to the system.
Optimus performs certain systems maintenance for some of the largest entities in FL, including Florida Power and Light, City of Winter Park and many others. We have the in-house expertise to ensure you have long-term no hassle cost savings.
Most commercial systems can be installed with little to no roof penetrations, and even where there are penetrations, warranties are valid for 20 years, for ultimate peace of mind.
What incentives are there for commercial solar?
Solar Investment Tax Credit – 30% of gross system investment returned to you in the form of a tax credit. No cap, no income limitations.
Accelerated depreciation – generally a 6-year depreciation, front-loaded with up to 70%
USDA REAP grants – grants available, based on geographic location, for up to 50% of the total system cost.
What is Solar PV?
In general conversation, photovoltaic is often used to refer to solar energy technology, which is then installed on a commercial building to be grid-interactive and save operating costs.
How much does a commercial solar energy system cost?
Cost varies based on size, goals. Main focus should be on ROI, which can be as low as 3 years in commercial solar when structured appropriately
What types of buildings are compatible with solar?
Nearly all buildings are compatible with solar.For smaller facilities with limited roof space, ground mounts or solar carports are a good alternative.
What financing options does my company have?
Multiple. Solar can be a very powerful tool, whether that be for a return on cash, or as a cash flow instrument utilizing financing.
100% financing is available on most, if not all systems.
Your business may also be eligible for certain loans or grants. Our team are experts on the SBA 504 Green Loan and USDA REAP Grants.
What equipment is ‘the best’?
Solar equipment has developed tremendously over the past decade. Optimus uses only the highest quality REC modules, with industry-leading degradation (92% in year 25) and with our 20-year no cost commitment, the hardware is backed by Optimus and the manufacturers for decades.