Commercial solar panels are renewable energy sources installed in non-residential buildings. Unlike conventional energy, solar panels have no carbon emissions, making them an environment-friendly option. In addition to the energy savings, investing in solar panels can give you huge tax breaks. For installation, contact a roofer in Idylwood, VA.
How Commercial Solar Panels Work
Businesses have the option to install two types of solar panels: Polycrystalline Solar Panels and Monocrystalline Solar Panels. The former is more affordable but is not as efficient as the monocrystalline solar panels. You can power any equipment and electronic appliance with your solar panels. However, this also depends on the type of solar panel system you implement for your business. If you have questions about whether or not your roof is suitable for solar panel installation, get in touch with a professional roofer to address all your concerns.
What’s Section 179 All About?
Commercial building owners can deduct the full cost of a roof replacement up to 1M dollars the year it’s completed using the Section 179 Tax Deduction. In addition, a 179D tax deduction is available if the commercial building owner makes an energy-efficient improvement to their property. This allows them to deduct up to $1.80 SF, approximately half of their solar installation in year one. These two tax deductions combine to make one of the best available tax strategies for commercial building owners.
Contact a Roofer in Idylwood, VA
Contact Lyons Contracting if you’re planning to install solar panels for your commercial building. Our process only takes less than a month — first, we’ll provide you with a savings report including how many panels you’ll need to install to power all your equipment. Just provide us with the required documents and our roofers in Idylwood, VA will make sure your property is up to code. We will acquire all the necessary permits and licenses, and proceed with the installation. Contact us today for a free estimate!