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Solar for Small Business

Earn tax credits, lower your carbon footprint, and reduce operating costs with solar.

Get a strong return-on-investment with commercial solar

Small businesses in Virginia are some of the best candidates for solar. Commercial customers often pay high electric bills, and can claim the best solar incentives. Solar offers a secure ROI, cuts your long-term operating costs, and highlights your business as environmentally responsible.

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Virginia Commercial Solar Incentives

30% - 50% Federal Tax Credit

The federal Investment Tax Credit (ITC) offers businesses a 30% credit on the cost of solar projects. Projects begun before 2032 are eligible for the full 30% tax credit. In addition, projects that source steel & manufactured components made in the United States, can get a bonus tax credit of 10%. For sites located in brownfield or near retired coal mines, you may be eligible for an additional 10%.

REAP Grant

The USDA Rural Energy for America Program (REAP) grant allows small businesses to earn a grant of up to 50% of a solar project's costs. The grant is competitive, and is scored based on affordability of the project, your company's size/revenue, and other factors. We have applied for and won funding for the majority of our commercial projects.

MACRS Depreciation

MACRS Depreciation allows businesses to claim the depreciation of a solar system over 5 years, which can quickly reduce your company's tax liability, and speed up the payback of a solar system.

SREC Sales

SRECs (Solar Renewable Energy Credits) are now available for sale in Virginia. These are essentially carbon-credits, which can be sold to other entities, so they can offset carbon usage. These credits are earned for every 1,000kWh of energy your solar system produces, and have a variable market value. On average, these can be worth an additional 40%-80% of your electric savings. For businesses with a low electric rate, the sale of SRECs can make a huge impact on their ROI.

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Get a free solar assessment

We'll create a custom model of your buildings, and show you how solar looks, what it will cost, and what the incentives are. Your proposal will include:

  • Industry leading shade analysis
  • Full system cost
  • Solar incentives
  • Estimated savings
  • Solar production estimates
  • 3D model of solar on your business
  • Complete list of proposed equipment

Get a solar assessment

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