Commercial and Industrial SolutionsEnergyOne simplifies solar by offering complete solar energy solutions that deliver predictable energy pricing and environmental benefits to your organization. We remove complexity from the equation, allowing you to focus on your core business while benefiting from the solar energy produced - with no disruptions to your existing service. EnergyOne is responsible for all development, financial structuring, regulatory, and operational aspects of the PV system. We will analyze your business needs to develop a custom system to meet your site and business requirements and can help you simplify the endeavor by guiding you through the entire process; from initial system design to installation and monitoring. EnergyOne solar systems can be deployed on ground, roof, or parking structures. With excellent federal and state incentive programs currently available, now is the time for businesses to incorporate solar energy.
Financial IncentivesFor commercial or industrial system owners or hosts there are several financing options available for solar energy applications.
Power Purchase Agreements (PPA)A Power Purchase Agreement offers a financing solution for customers who cannot make the initial capital outlay for a solar energy system or are unable to take advantage of tax credits or other incentives. In a PPA, the system is financed and maintained by a third party investor. The investor also owns the RECs, investment tax credits, depreciation benefits and benefits from any state rebates, credits, or incentives. As the facility owner, you provide the host site and purchase the metered output of the system at rates less, over time, than the local utility company rates. PPAs can be arranged through EnergyOne by contacting our office.
Renewable Energy Credits (RECs)In states with a Renewable Portfolio Standard, utility companies selling electricity into the market are required to have a percentage of that electricity provided by solar electric systems. The utility companies are very limited in their ability to meet this requirement with their own generation; therefore, they will need to purchase Renewable Energy Credits (RECs) through aggregators and private solar electric system owners. For the solar system owner, RECs are assets that bring positive cash flow to your company through the sale of the RECs attributed to your system. The mechanism for selling RECs on the open market is different for each state.
Investment Tax Credit (ITC)The recently extended solar ITC provides for a 30% percent tax credit on the full cost of a system for the project owner. For larger systems and in situations where the system owner cannot take advantage of the tax credit benefits, the US Treasury Department can provide a grant instead payable within 60 days of the solar property being placed into service.
Accelerated DepreciationSolar power systems meeting federal eligibility requirements qualify for accelerated five-year tax depreciation instead of the normal 20-year depreciation. Together with the ITC these incentives can recover over 50% of the cost of a solar power project.
State and Local IncentivesThere are also various state grant, financing, and incentive programs available. Please contact us to discuss financing options in your area.
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