LightWave Solar is proud to serve the Nashville, TN area and surrounding regions.
Solar energy systems are on the rise, and you probably are wondering if it is right for you. You came to the right place! We provide residential, commercial, and municipal solar design and installation, and we would love to partner with you. There are many benefits of going solar, whether it is for your home or business. Plus, solar power is more affordable than ever.
How do Businesses benefit from solar?
At LightWave Solar, we are committed to helping you determine if solar is a valuable investment for your business.
For example, we will explain the federal tax incentives for commercial solar projects which can reduce the total cost by up to 60%. This includes the 30% solar Investment Tax Credit (ITC) as well as the Modified Accelerated Cost Recovery System (MACRS) which is a six year depreciation schedule that can reduce solar costs by an additional 30%.
Many business owners invest in solar systems because of the financial return, and because they believe it is the right thing to do. We will walk you through how the utility incentives work, as well as discuss a financing option that allows your business to be cash flow positive in less than two years, something many of our business owner clients have seen.
Residential Benefits include:
A 30% federal tax credit for systems installed before the end of 2019. This credit is equal to 30% of the total cost of the system, and comes with several options. You can apply it against your income tax liability for the year the system is installed, or it can also be claimed for the previous tax year, or carried forward.
Another benefit is the Green Power Providers program provided by TVA for grid-tied solar systems. Through this program, TVA buys 100% of your solar generation at the escalating retail rate. As rates increase, so do your solar payments. Credits are then rolled over month to month, and if unused credit builds up, your local utility place will send you a check after 12 months.
Going solar also increases the value of your property and helps to set it apart from others on the market. With all these benefits, going solar is definitely a great investment for homeowners.
What are the benefits for government buildings?
Many local, state and federal governments choose to take advantage of solar energy systems because of the combination of building ownership, long-term financial outlook, and superior credit ratings. Many government agencies are changing over to solar systems to avoid rising energy rates and because of the unique ability of solar systems to provide predictable energy savings for decades.
Solar Systems sound pretty great. What’s next?
To get started, simply contact us to get your free preliminary estimate which shows five core pieces of your system’s information: project size, system output, project cost, incentives overview, and site drawing. During this time we will also review your financing options. If the preliminary estimate works for you, we will then schedule and make a site visit to confirm and get precise measurements. Once this data is verified, we will create a proposal with the specific system output, existing warranties, incentives, and firm contract price. Once the contract is signed, and the first deposit for permitting and equipment is provided, our in-house design team will submit the TVA paperwork, obtain the necessary permits, and design the most efficient solar system for your place. Then our project management team will reach out to you to schedule a time frame to build and install your solar system, meticulously coordinating all of the necessary inspections and commissioning. Ready to get started, or want to get some more information? Contact us at 877-748-1260, or you can also email us at firstname.lastname@example.org. We look forward to hearing from you!