Commercial

Your electric bill can be a complex document, but it’s important to understand it so that you can make informed decisions about your energy usage. This post will break down your commercial electric bill & give you some tips on how you can reduce your energy cost.

Here are a few tips for understanding your commercial electric bill: 

• Understand the components of your bill. Your bill will have a number of different components, including energy charges, demand charges, and other charges like taxes and fees. 
• Track your usage. It’s important to track your electricity usage so that you can see where you’re using the most energy.  
• Identify your peak usage. Your peak usage is the highest amount of electricity you use in a given period of time. This is usually during the hottest or coldest days of the year. 
• Take steps to reduce your peak usage. There are a number of things you can do to reduce your peak usage, such as: 
  • Schedule your energy-intensive activities for off-peak hours. 
  • Use energy-efficient appliances and equipment. 
  • The heating and cooling system is usually the number one factor in racking up demand charges so upgrading your insulation can be a great way to lower demand. 
  • Seal up any air leaks. 

Demand Charges On Your Commercial Electric Bill 

Demand charges are a type of utility bill charge that is based on the peak demand of your electricity usage. This means that you are charged more for using more electricity at the same time. Demand charges are designed to encourage businesses to use energy more efficiently and to reduce their peak usage. 

There are a few things to keep in mind about demand charges: 

• They are typically calculated as a percentage of your peak demand. 
• They are usually billed separately from your energy charges. 
• They can be a significant portion of your overall utility bill. 

Solar Energy 

Solar energy is a clean, renewable source of energy that can help you save money on your electric bill. Solar panels can generate electricity on-site, which can help you reduce your reliance on the volatile prices and lower your energy costs.  Solar Energy can help you directly offset energy charges, and batteries can be a great way to lower demand charges.   

If you are interested in learning more about how solar energy can benefit your business, contact Solar Works Energy. We would be happy to answer any of your questions and help you get started on your solar journey. 

Click here to learn more about federal solar incentives for businesses.

How to Understand Your Commercial Electric Bill and Reduce Your Costs

Solar Works Energy is a leading solar energy company in Texas. We specialize in installing solar panels on commercial properties. We know that solar energy can be a great investment for businesses, and we are here to help you get started. 

Benefits of Solar Energy for Businesses 

There are many benefits of of Solar Energy for Commercial Users in Texas. These benefits include: 

• Reduced energy costs: Solar panels can generate electricity on-site, which can help to reduce your business’s reliance on the grid and lower your energy costs.  
• Increased property value: Studies have shown that commercial properties with solar panels can command a higher price on the market.  
• Enhanced brand image: Businesses that adopt solar energy can boost their brand image and attract environmentally conscious customers. In fact, a study by Nielsen found that 72% of consumers are more likely to do business with a company that takes sustainability seriously. 
• Sustainability: Solar energy is a sustainable source of energy that does not produce greenhouse gases or other pollutants. This is important for businesses that are looking to reduce their environmental impact. 

How to Get Started with Solar Energy for Your Business 

If you are interested in getting started with solar energy for your business, there are a few things you need to do. First, you need to determine how much solar energy you need. This will depend on the size of your business and your energy usage. Once you know how much solar energy you need, you can contact Solar Works Energy to get a quote.

We will assess your needs and provide you with a customized quote. We will also answer any of your questions and help you get started on your solar journey.

If you are interested in learning more about how solar energy can benefit your business, contact Solar Works Energy. We would be happy to answer any of your questions and help you get started on your solar journey. 

Click here to learn more about federal solar incentives for businesses.

The Benefits of Solar Energy for Commercial Users in Texas

If you own a business, you know that one of the biggest expenses is your energy bill. There are a number of things you can do to reduce your energy costs, such as upgrading to energy-efficient appliances and lighting, and improving insulation. However, one of the most effective ways to save money on your energy bill is to install solar panels. 

Solar panels are a clean, renewable source of energy that can generate electricity on-site. This means that you can reduce your reliance on the grid and lower your energy costs. In fact, the average commercial solar installation can save businesses up to 60% or more on their energy bills. 

If you don’t have enough roof space for solar panels, a commercial carport can be a great alternative. Commercial carports are structures that are built to shelter vehicles from the elements.  

Commercial carports offer a number of benefits, including: 

• Protection from the elements: Commercial solar carports can protect vehicles from the sun, rain, snow, and hail. This can help to extend the life of your vehicles and reduce the need for maintenance. 
• Reduced energy costs: Commercial solar carports can help to reduce energy costs by providing shade for your vehicles. This can help to keep your vehicles cooler in the summer and warmer in the winter. 
• Increased employee productivity: Commercial solar carports can help to increase employee productivity by providing a more comfortable and convenient parking environment. This can help to reduce absenteeism and improve morale. 
• Improved property value: Commercial solar carports can improve the value of your property. This is because they can make your property more attractive to potential buyers and tenants. 

The 30% Solar Investment Tax Credit 

The federal government offers a 30% solar investment tax credit (ITC) for commercial solar installations. This means that you can deduct 30% of the cost of your solar installation from your federal taxes. The ITC is a great way to save money on your solar installation and to accelerate your return on investment. 

If you are interested in learning more about how solar energy can benefit your business, contact Solar Works Energy. We would be happy to answer any of your questions and help you get started on your solar journey. 

Click here to learn more about federal solar incentives for businesses.

Solar energy is a clean, renewable source of energy that can provide significant benefits for commercial businesses. However, the upfront cost of installing solar panels can be a barrier for many businesses. Fortunately, there are a number of loans and power purchase agreements / financing options available to help businesses finance the cost of solar panels. 

In this blog post, we will discuss two of the most common types of commercial solar financing: loans and power purchase agreements (PPAs). We will also discuss the pros and cons of each type of financing, so that businesses can make an informed decision about which option is best for them. 

Solar Financing Loans 

A loan is a type of financing in which a lender provides the borrower with a sum of money that must be repaid over time, with interest. Loans can be used to finance a variety of expenses, including the cost of solar panels. 

There are a number of different types of loans available to businesses, including traditional bank loans, government loans, and private loans. The terms of each loan will vary, so it is important to compare different options before choosing a loan. 

Pros of financing solar panels with a loan: 

• The business owns the solar panels outright. 
• The business can deduct the interest on the loan from its taxes. 
• The business can build equity in the solar panels over time. 
• The business may be eligible for federal and state tax credits and depreciation benefits. 
• We offer commercial loans with low interest and up to 20 year terms. 

Cons of financing solar panels with a loan:

• The business must make monthly loan payments. 
• The business may have to pay closing costs. 
• The business may not qualify for a loan. 

Power Purchase Agreements 

The federal government’s investment tax credit (ITC) for solar has been expanded in three key ways: 

A power purchase agreement (PPA) is a contract between a business and a solar developer. Under a PPA, the solar developer owns and installs the solar panels, and the business purchases the electricity generated by the panels at a fixed rate. 

• The business does not have to make any upfront investment. 
• The business knows exactly how much it will pay for electricity each month. 
• The business can take advantage of the tax benefits associated with solar energy. 
• The business may not have to pay for maintenance or repairs. 

The cons of financing solar panels with a PPA include: 

• The business does not own the solar panels. 
• The business may be locked into a long-term contract. 
• The business will not directly get any tax credits.

Which Type of Financing is Right for You? 

The best type of financing for your business will depend on a number of factors, including your budget, your risk tolerance, and your tax situation. If you are comfortable with making monthly payments and you want to own the solar panels outright, then a loan may be the best option for you. If you are looking for a more flexible financing option and you do not want to make any upfront investment, then a PPA may be the best option for you. 

If you are not sure which type of financing is right for you, then it is a good idea to talk to a solar financing specialist. They can help you understand your options and choose the best financing solution for your business. 

Conclusion 

Solar energy is a great way for businesses to save money on their energy bills, reduce their environmental impact, and boost their brand image. There are a number of financing options available to help businesses finance the cost of solar panels. The best type of financing for your business will depend on your budget, your risk tolerance, and your tax situation. If you are not sure which type of financing is right for you, then it is a good idea to talk to a solar financing specialist. They can help you understand your options and choose the best financing solution for your business. Click here to learn more about federal solar incentives for businesses.

Non-profit organizations are essential to our communities. They provide a wide range of services that make our lives better, from providing food and shelter to the homeless to educating our children. However, non-profits are often under-funded, and they can struggle to pay their bills. This is where solar benefits come in. 

One way that non-profits can save money is by installing solar panels. Solar panels are a clean, renewable source of energy that can generate electricity on-site. This means that non-profits can reduce their reliance on the grid and lower their energy costs. 

There are many benefits of solar for non-profits. Here are just a few: 

• Reduced energy costs: Solar panels can help non-profits save money on their energy bills. In fact, the average non-profit can save up to 60% and sometimes more on their energy costs by installing solar panels.
• Increased sustainability: Increased sustainability: Solar panels are a clean, renewable source of energy. This means that non-profits can reduce their environmental impact by installing solar panels. 
• Improved public image: Improved public image: Non-profits that install solar panels can improve their public image. This is because solar panels are seen as a symbol of sustainability and environmental responsibility. 
• Increased fundraising potential: Non-profits that install solar panels can increase their fundraising potential. This is because donors are more likely to donate to organizations that are taking steps to be more sustainable.

BIG NEWS FOR 2023 

The federal government’s investment tax credit (ITC) for solar has been expanded in three key ways: 

1. Nonprofit organizations with no federal tax liability can now apply for direct reimbursement equal to the value of the tax credit. 
2. Storage-only projects are now eligible for the ITC. 
3. The ITC now includes several “bonus credits,” which can significantly increase savings for projects serving low-income and underserved communities. 

These important changes are outlined in further detail below. 

Direct Pay Reimbursement 

Nonprofit organizations with no federal tax liability can now apply for direct reimbursement from the federal government. This means that they can receive a check for 30% of the cost of their solar installation, even if they don’t have any federal tax liability. This can be a great way to save money on their solar installation and to make it more affordable. 

Storage-Only Projects 

Storage-only projects are now eligible for the ITC. This means that projects that only install energy storage systems, such as batteries, are now eligible for the tax credit. This is a major change, as it previously only applied to projects that installed both solar panels and energy storage systems. 

Bonus Credits 

The ITC now includes several “bonus credits,” which can significantly increase savings for projects serving low-income and underserved communities. These bonus credits are available for projects that are located in certain census tracts or that serve certain populations, such as low-income households or veterans. 

These important changes to the ITC make it more attractive for a wider range of organizations to install solar panels. If you are a nonprofit organization or a developer of storage-only projects, or if you are considering installing solar panels in a low-income or underserved community, you should be aware of these changes and how they could benefit you. 

If you are a non-profit organization, I encourage you to consider installing solar panels. Solar panels can help you save money, improve your sustainability, and improve your public image. Click here to learn more about federal solar incentives for businesses and non profits.