Upper Michigan's Commercial Solar experts
Peninsula Solar is your premier commercial solar contractor in Northern Michigan and the Upper Peninsula. Our commercial solar installations are custom-designed to produce energy that will power your business and save you money.
At Peninsula Solar, we only use the most efficient and dependable solar equipment. In our line of solar installations, we integrate best-in-class components to create top-tier energy production systems that lower electric bills for businesses across the region.
If you live in Upper Michigan and you want to learn how solar can help you save money on your energy bills, then contact Peninsula Solar today. We offer free consultations and we will gladly answer any of your solar questions.
Is Commercial Solar Worth it in Michigan?
In Upper Michigan your business can save serious money with a commercial solar system. Michigan business owners pay some of the highest energy rates in the country, and these prices continue to increase. Solar systems allow business owners to offset their commercial utility bill and save substantial money year after year for decades to come. With the help of the 26% federal tax credit for commercial solar systems, the payback period for such installations is typically 8-10 years.
Michigan ranks third in the country for solar energy systems on rooftops and first for solar energy systems on homes. According to the U.S. Department of Energy, solar is expected to grow at a rate of about 20 percent a year. And it's no wonder. Solar has established itself as the most cost-effective option for true energy independence.
Tax Credits With Commercial Solar
Generous financial tax incentives exist for both residential and commercial solar installations. As a business you can file for a Business Energy Investment Tax Credit (ITC). This credit allows your business to use 26% of the installed cost of the solar system as a tax credit.
This substantial tax incentive is often the final touch that makes a solar installation a financial no-brainer. More and more business owners are realizing that they can't afford not to have energy independence through a solar installation.
Grants For Commercial Solar
USDA Rural Energy for America Program (REAP) Grants provide guaranteed loan financing and grant funding for agricultural producers and rural small businesses for renewable energy systems.
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Loan guarantees on loans up to 75% of total installed cost
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Guaranteed funding up to 75% of total installed cost
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Combined grant and loan guaranteed funding up to 75% of total installed cost
Commercial Solar Financing
Michigan Saves provides a range of loans for businesses looking to improve their energy efficiency. Michigan energy customers are eligible for number of different financing options through the Michigan Saves Program.
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Consumers Energy customers can receive loans with 0% APR for 36 months up to $75,000.
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DTE Energy customers can receive loans with 0% APR for 24 months up to $50,000 or 2.99% APR financing for 60 months up to $150,000.
Commercial Solar Costs
The cost of a typical installation is directly dependent on how much energy the client requires. Customers that use more energy typically require larger installations. However, the largest energy users are the ones that have the most to gain from installing solar energy. Efficiency of installation and the economics of scale benefit larger installations. Most importantly, before any installation is considered, efficient energy consumption is always addressed and we can help identify and address any issues. Besides scale, other factors that influence system cost are:
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Ease of access of job site.
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Difficult to access rooftops due to pitch or working height.
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Overly rocky, wet, muddy, or uneven ground surface.
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Distance from the solar array to the point of electrical interconnection.
Contact Peninsula Solar For All Your Solar Needs
When you need energy independence in Northern Michigan, our experts are ready to help. We have over a decade of experience designing the best solar systems in the region. All of our installations are custom-designed for your personal and professional needs. Call our Peninsula Solar experts at (906) 235-0340 or request service online to talk with our team at any time.
Our solar system experts understand exactly how to complete an installation for a top-tier solar power system. From calculating your power needs, to meticulously designing your system, to ordering and installing all of the necessary components, right down to permitting and final inspections, we take care of everything with tireless attention to detail. Let us help you get started with a power generation system that will save you money and reduce your dependence on the power grid.
Our staff will take the time to explain what the installation and power generation process will involve. People unfamiliar with solar often find that once they learn more about its efficacy and benefits, it becomes the clear choice for energy. Begin the process by speaking with our commercial experts at Peninsula Solar.
We are available to talk with you on the phone or by email. Reach out through the Request Free Quote button at the top of our website.
