Solar Electric, commonly known as solar photovoltaic or PV, is capturing the Sun’s energy to produce electricity for onsite consumption or to send back to the utility company for a credit.
As a business owner or manager, you understand how important energy effects your bottom line. You’ve probably seen how the last few years of gas prices have effected your whole business chain. Wouldn’t it be a smart move to lock in your electric rates at a price that is considerably less than you currently pay?
An Allura Solar solar electric system can do just that. Not only will it help you lock in below current rates but it will help you lock in rates you may not have seen in 20 years. A solar electric system can lock in rates at about 1/3 of current market rates.
How does a solar electric system work?
The technology and process for installation is relatively simple. As long as your building has enough open roof space (pitched or flat roof) or open ground space, and minimal shading a solar electric system will probably be a smart investment for your business. A series of panels are installed on the roof or ground. This series of panels, called an array, is then tied into your current electric service. A meter, called a net-meter, is then installed. This net-meter spins both forwards when using more power than the solar electric system is generating and backwards when producing more power than the building is calling for. If enough power is sent back to the grid because the building has not used it, this power is then deemed a credit. The credits are then drawn on at night say when the solar is off.
How much does a solar electric system cost?
Solar electric systems are a very smart financial move for any business. Costs vary based on system size but average 25kW solar electric systems fall in the $50,000-$60,000 range and have a 7-9 year payback. Additionally, solar electric systems have a 5-yr macrs schedule with a 50% bonus depreciation in year 1.
But does solar work in upstate NY?
Yes, in fact solar electric systems are actually more efficient at colder temperatures. When Allura Solar designs a solar electric system for a business we use 30 years of weather data. Our report will show very close to actual production so there is no question as to if it works.
How long will the solar hot water system last?
The life expectancy on a solar electric system is 30+ years and has no maintenance.
Learn more about solar electric systems for your business. Call for a free consultation.