Rooftop solar may be your company’s greatest untapped asset. This is because the rooftop is the most under-used real estate.
What could you do with an extra $2/sqft/year additional cash?
When you add solar panels, you lower operating expenses (or increase revenue) by $2/sqft/year or more. This increases the value of the building without having to add on to your facility, relocate, or expand anything. This also provides you with cash savings and carbon credits.
When properly designed, your rooftop can save 50% of your power bills every year or more. This increases the property’s net revenue per square foot which increases your overall building value. But how do you know your rooftop is ready for solar panels?
Does your business need rooftop solar?
Is Your Roof Ready for Solar Panels?
The rooftop is possibly the most important part of your building and maintaining its integrity is number 1. You are ready for solar if:
- Your roof was replaced less than 5 years ago
- Your roof’s estimated life is 20 years or more
- Your roof is being installed at the same time as the solar panels
Solar panels give you at least 20 years of power so it is important that you have just as much life in your roof. If you install solar, then remove the solar, then reinstall it many times; you are going to burn through your savings.
Solar panels give you at least 20 years of power
If your roof is not recently installed, we can help you get your rooftop solar-ready.
We work with 3rd parties and all major roofing manufacturers. This ensures we align your solar investment with your rooftop reality. You get what you want (savings, carbon credits, etc.) and you maintain your roof warranties to stay protected. This includes minor improvements and even major work.
If you’re like most property owners, the rooftop is a massive capital expense with terrible timing. Many prefer to repair or replace sections regularly as needed. This makes your costs consistent but can be a waiting game until roof failure. Instead, installing a brand new roof with solar panels added makes you eligible for huge tax credits on a portion of those costs. These additional tax-credits can cover the entire cost of the solar panels or more. Let me explain:
How Tax Credits Can Pay For Your Solar Panels
If your rooftop helps generate solar energy: you save more money with solar and lower cooling costs. This combination allows you to get additional tax credits. Currently the tax credit stands at 26% . It is scheduled to reduce over time. When installed together, you can get up to 26% of eligible rooftop costs returned to you as tax credits. Next year it will drop to 22%. We can help you and your tax team understand the tax advantages and cash flow effects of your solar power savings now and in the future. Contact us for more info .