The common misconception about renewable energy is that it’s expensive and inaccessible. This is untrue on many fronts: First, the cost to own and deploy these solutions has been driven down tremendously by the natural evolution of the corresponding technologies, and Second, many financing options exist today that make it extremely enticing for you to deploy one, or several of these strategies and products. Financing your panels has never been easier or more affordable, and the incentives and Tax rebates corresponding to the financing are so generous that in most cases, you will end up putting cash back in your pocket at financing time, and at the end of the loan.
Financing takes place from 5 to 30 years under many available programs, and the payments may be considered as a tax write off on top of the write offs associated it with the business loan. Payments may also be pegged to the property tax which can also get written off as one lump sum. A solar installation amount of $135,000 financed for 5 years and with rebates and incentives applied renders a pure net gain of up to $545,000 in 5 years including utilities saved, in the most conservative of scenarios. The overall value of your incentives will depend on your specific business, tax rate, local laws and finances.