Commercial Solar Financing

Commercial Solar Financing

Look into commercial solar financing for your business. The economics of a solar investment are excellent.

Tax incentives are part of the equation, but just as importantly, solar acts as a hedge against conventional energy prices. An investor can recapture the initial investment in less four years and enjoy the “solar hedge” for the remainder of the life of the system, which can even 40 years or longer. Another way to think about it: solar locks in lower priced energy. Such an investment has been shown to yield an after-tax 8 to 13% Internal Rate of Return.

With a 25-year warranty on the panels and low weather volatility (+/- 3% annually), solar energy has a low-risk profile that is comparable to financial investments that yield returns only in the low single digits. By comparison, solar is spectacular!

The Solar Hedge

Using solar as a hedge against utility price volatility is highly valuable to businesses that are focused on managing long-term budgets. Combined with innovative financing options that further reduce upfront costs, solar has a new value proposition that makes good business sense.

Small Business and Commercial Financing

Focus your resources on your business and go solar without having to make a large initial capital outlay.

According to the Solar Energy Industries Association, in 2016, “the price of solar energy systems has dropped rapidly over the past 5 years. In some places, it is more cost effective to deploy solar than buy electricity from the local utility. And no matter where the company is located, solar provides predictably priced electricity for 20 to 30 years. This hedge against utility price volatility is highly valuable to businesses that are focused on managing long-­‐term budgets. Combined with innovative financing options that further reduce upfront costs, solar has a new value proposition that makes business sense for major companies nationwide.”

Commercial Solar Financing Tax Incentives

  • In 2020, 26% Federal Tax Credit
  • In South Carolina, an additional 25% State Tax Credit
  • Accelerated Depreciation (MACRs) which allows you to maximize your depreciation deductions in 1st 5 years even as your solar investment has a 25 year+ useful life

Renu provides a full-service, turn-key solution for Commercial Solar. Renu provides a no-obligation solar consultation to analyze the economics and benefits for solar on your business.


Frequently Asked Questions About Commercial Solar:

How exactly does going solar and a solar system itself work?
Solar energy begins with sunlight that hits the panels to produce energy that flows into your inverter, which converts the DC energy into Alternating Current (AC) electricity that can be used to power your home. This same energy is then consumed when powering your home’s light, appliances, gizmos, and gadgets. If you feel your home isn’t producing the energy that it needs, the utility will fill in the gaps. If you system produces more energy than needed, that energy will go to the grid and your utility will credit you for the unused power.
How many solar panels do I need for my home?
At Renu Energy Solutions we design our solar panel systems size based on three main factors.

Roof-size/available space: When we look at the size of your roof and the space available, we gather data that tell us the maximum number of solar panels your home or site can hold and we even consider shading. We use a software “Suneye” which takes a 360 picture of your roof and we use this photo to determine if your home is a good candidate for solar.

Energy Usage: When we determine energy usage we look at your past electrical bills from over the course of a year to make sure your system isn’t too big or too small.

Your Budget: We take your budget seriously and most importantly, we want you to be satisfied with our services. We take your feedback on how much you want to spend so that we can size your system appropriately.

What is solar net-metering?
Net-metering is a type of utility policy that controls how your system is connected to the grid and how you are credited for the solar energy you produce.
Does Duke Energy offer net-metering?
Yes! Both Duke Energy Carolinas and Duke Energy Progress territories in NC offer net-metering when your homes goes solar. If you are interested in net-metering, no worries. Our team will guide you through the process as certain utilities have a different application procedure.
Curious about the cost of a home solar system?
When our clients ask this question, we immediately tell Tham about the federal tax credit that comes with going solar. The Federal tax credit for going solar is 26% in 2020. For example, if the total cost of you system was $22,000, when you subtract 26% you are then left with a %16,280 solar system. There is not set price for a home going solar as there are many factors that contribute to the total cost. The price of a solar home can range from $10k to $100k based on the size of your roof, energy usage, aesthetic preferences, and of course, budget.

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Home Solar System

The amount of electricity that a solar energy system will produce will depend on a number of factors, including the location of the home, system design, and much more. Ideally, a home with an unobstructed south-facing view will produce more than enough energy.



Energy Storage

Installing battery backup along with your solar energy system for home or business is a smart move and can increase the value of your clean energy investment as well as peace of mind when a grid outage occur.




EV Chargers

Electric cars – with no gas engine at all – now work for most budgets and lifestyles. With more and more models to choose from, drivers are choosing electric vehicles (or EVs) than ever before!




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