Skyrocketing energy costs are taking a significant toll on America’s businesses. However, companies that transition to Solar Energy are able to gain energy independence from volatile electricity prices and re-invest in their businesses at the same time. Over the last few years, a local commercial real estate investment group turned to Artisun Solar to design and install three solar arrays on their building’s rooftops.
Rated at 105kW, the group’s most recent project is projected to deliver an impressive $18,000 of energy savings within one year and boost the property value of the building by $220,500 (cap rate). The company is also expected to recoup roughly 74% of project costs within the first year through generous federal and state tax incentives. Throughout the life of the new system, the company will save an estimated $780,000 on energy costs.
This commercial real estate investment group knew a great deal when it saw one because during uncertain economic times like the one we’re currently living through, solar is a safe, simple way to increase property value by slashing known operating expenses and generating consistent income.
Whether you’re a commercial real estate investor or a business owner, solar delivers significant savings and a proven way to shield yourself from rising energy costs. To learn more, contact us today.