Solari Energy Commercial Sample System
Many factors affect the cost in installing a PV system in commercial applications. There could be additional costs depending on equipment purchased and the type of installation, panel upgrading or unusual building features. Sometimes roof structures need additional support especially on older buildings. Below are two sample quotes and their incentive and payback details, for Xcel Energy service area. Quotes are for a non-penetrating ballast, flat rooftop applications with standard electrical connections and standard racking.
The Basic Commercial System
Our standard system is 10KW in size; this is Xcel Energy’s categorization for basic small business category. This system consists of 50, 200 watt panels and standard racking. Here’s your cost and return breakdown based on Xcel’s program in
10 KW Sample System
Total Cost $70,000.00 (1)
Utility Rebate ($28,500.00) (2)
Out Of Pocket Cost $41,500.00 (3)
Federal Tax Credit ($21,000.00) (4) (or take Dept of Treasury grant)
Estimated Tax Impact ($ 4,500.00) (5)
Cost After taxes $ 16,000.00 (6)
- Includes permits and fees.
- Comes in the form of 2 checks via mail, about 60 days after your system goes online and net meter is installed.
- Peak2Peak Solar may for a fee, carry the rebate amount so you only pay the out of pocket costs.
- Carry this credit back one year for a refund. Ask for more information on actualizing tax benefits quickly.
- Comparison of tax liability on rebate versus accelerated solar depreciation.
- Yes, it’s true! We do all the work, including processing the paperwork for your rebate. Just sign the contract and write four checks.
· Pollution saved = 31,700 lbs CO2, 73 lbs NOx, 960 Lbs SO2 per year during the life of the system.
· Accelerated 5 year depreciation or you could use Sect 179 capital depreciation instead. (Seek advice from your Tax Professional)
· Example based on a 38% tax rate.
· Pays for itself in one year!
Medium Category Systems
Xcel Energy allows this medium category system to be up to 500 KW on one meter but they cap there rebate at 100 KW. Please see Commercial Incentives page for all the information on caps.
A 100 KW system on a flat roof will require about 13,000 sq. ft. (100’ x 130’) of open and unshaded area. It can be broken down to different sections of the roof if needed. Please let us know if you are on standard commercial rates or demand rates with your utility provider.
100 KW Sample System
Total Cost $700,000.00 (7)
Utility Rebate ($285,000.00) (8)
Out Of Pocket Cost $415,000.00 (9)
Federal Tax Credit ($210,000.00) (10) (or take Dept of Treasury grant)
Estimated Tax Impact ($ 48,000.00) (11)
Cost After taxes $ 157,000.00 (12)
(Pays for itself after year 2’s production and depreciation, the number here is after the full 5 year accelerated depreciation).
- Includes permits and fees.
- Comes in the form of 2 checks via mail, about 60 days after your system goes online and net meter is installed.
- Peak2Peak Solar may for a fee, carry the rebate amount so you only pay the out of pocket costs.
- Carry this credit back one year for a refund. Ask for more information on actualizing tax benefits quickly.
- Comparison of tax liability on rebate versus accelerated solar depreciation.
- Yes, it’s true! We do all the work, including processing the paperwork for your rebate. Just sign the contract and write four checks
· Pollution saved = 320,000 lbs CO2, 750 lbs NOx, 960 Lbs SO2 per year during the life of the system.
· Accelerated 5 year depreciation. (Seek advice from your Tax Professional)
· Example based on a 38% tax rate. The Renewable Energy Credit (REC) payment is paid monthly, for 20 years, REC payment is .115 per Kwh produced.
· Pays for itself in two years.
· Including property value increase payback is immediate.
Contact Us Today To Start Generation Your Own Power
mike@esolari.com 303-465-3311
