Increase your profitability and lower your operating costs


Electricity costs can severly hamper profitability, especially for businesses that draw alot of power to run stoves, dishwashers, mechanics tools, or laundry equipment. Costs in the Con Ed region are among the highest in the nation and rising. In fact, due to massive infrastructure upgrades, the New York State Public Service Commission has just proposed a rate hike of 11%, which is being highly contested.

As these increases outpace inflation and as electrical equipment continues to displace gas-powered counterparts across various industries, business owners can expect electricity costs to account for an ever-increasing share of their bottom line.

Solar can not only help lower energy costs, but make them more predictable.

Demonstrate a committment to renewable energy


As the New York Times has recently reported, climate change and its consequences are now a foregone conclusion. It is the severity of those consequences that remains in play. Consumers, especially in the New York Metro Area, are increasingly aware of that fact and are making a conscious effort to support businesses committed to taking action against this existential threat.

From Solar Energy Industries Association: "Solar can also boost top-line revenues for landlords. LEED-certified buildings with solar and efficiency attributes produce higher rents and/or lower vacancy, according to the Department of Energy. Tenants in sustainability-minded markets such as San Francisco, Boston and Denver want to represent their employees, brand, and customers in a socially-conscious manner and frequently seek out these attributes. Accordingly, properties with solar can command higher prices."

Incentives

Federal Investment Tax Credit

The Federal Investment Tax Credit (ITC) allows businesses to deduct 30% of the cost of installing a solar energy system from their federal taxes. This dollar-for-dollar reduction applies to both commercial and industrial properties and can be carried back one year or forward up to 2034, making it one of the most powerful incentives available for businesses investing in solar.

40% Bonus Depreciation (Year 2025)

Under the Modified Accelerated Cost Recovery System (MACRS), businesses can depreciate the cost of a solar energy system over five years. For systems placed in service in 2025, companies can take advantage of 40% bonus depreciation in year one, allowing for a significant upfront tax deduction and improved project cash flow.

NY-Sun Con Edison Non-Residential Incentives

For 2025, the NY-Sun Con Edison Non-Residential Incentive provides substantial upfront rebates to lower the cost of commercial solar projects. Additional bonuses are available for affordable housing, community solar, and canopy installations.

Domestic Content Bonus

The federal Domestic Content Bonus offers an additional 10% Investment Tax Credit (ITC) for solar projects that meet U.S.-manufacturing requirements for steel, iron, and a portion of manufactured components. To qualify, at least 40% of the total cost of manufactured products (including panels, inverters, and racking) must be U.S.-made, increasing to 55% by 2027. This bonus is stackable with the base 30% ITC for eligible projects.

Low-Income Communities Bonus Credit

The Low-Income Communities Bonus Credit provides up to an additional 10–20% Investment Tax Credit (ITC) for solar projects that benefit underserved areas. Projects can qualify by being located in low-income census tracts, on tribal land, part of qualified low-income residential buildings, or delivering at least 50% of the power to low-income households. This bonus stacks with the base 30% ITC and is subject to an annual national allocation cap.

Environmental Benefits


Solar’s lifetime emissions per kwh are orders of magnitude lower than that of fossil fuels, though they’re not zero, since fossil-fueled mining and manufacturing are part of the current solar supply chain. It’s so well known as to become hackneyed that fossil fuel driven energy production leads to pollution and climate change.

Unlike utility scale solar farms, distributed (rooftop) solar does not require the clearing of vast tracts of wilderness. Rooftop solar also makes for a more resilient grid, as thousands of tiny power plants are constantly supplying electricity, instead of one large one.

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