Commercial colar energy panels typically have a working lifespan of 40 to 50 years. Annual solar panel degradation is 0.5% for newer technology panels. This means that after 25 years, the solar energy panels should be producing 87.5% as much electricity as they did when initially installed. Most brands warranty 80% production.Real-life tests in Switzerland [...]
As every property has different energy needs, Geoscape Solar will provide a customized analysis of your property that will include costs, financial benefits, and financing options to achieve the fastest return on your solar investment.
Geoscape Solar specializes in finding the finance package that best fits your property’s energy needs in the market, and how each finance options will impact or enhance your return on investment.
After the passage of the Inflation Reduction Act, there is a 30% Federal Investment Tax Credit (ITC) as well as state incentives such as Net Metering or Renewable Energy Credits (These vary by state. Your property may also qualify for sales tax waivers or property tax credits that equal the value of your system. [...]
Geoscape Solar recommends consulting with a licensed tax professional in order to verify that your property is eligible for the 30% solar investment tax credit prior to installation. After your solar energy project is installed, you or your tax advisor will need to complete the appropriate IRS Form and attach it to your federal [...]
You will not get a refund for any portion of the solar tax credit that goes unused. However, in most cases, you can carry over the balance of any unused amount of the tax credit into the following tax year until it is exhausted.
How Does ITC Work If I Lease A PV System Or Purhase Electricity Through A Power Purchase Agreement (PPA)?
If the system is leased or financed with a PPA, then the leasing company or PPA Provider claims the ITC, and the customer benefits by receiving a discounted cost of electricity.
Solar PV panels can expect to have a working lifespan of 40 to 50 years. Solar panel degradation does occur and is 0.5% yearly on average for newer technology panels. This means that after 25 years, the solar PV panels will be producing 87.5% as much electricity as they did when they were first [...]
Each property has different energy needs and solar optimization. Geoscape Solar will provide a customized analysis of your property that will include costs, benefits, and ROI.
Our specialty is finding the best financing package for your property's energy needs in the market, as well as an honest assessment of how financing can impact your return on investment.