Commercial
Solar Panels
Join the growing number of businesses implementing solar panels into their electrical supply to reduce your company’s carbon footprint and bottom line.
For most American businesses the utility bill is one of the biggest expenses of their monthly costs. Apart from reducing your company’s environmental footprint, you could save thousands of dollars per year depending on the size of your solar panel system and usage.
Shopping with Smarter Energy Services can save you up to 40% by finding the energy plan that suits you. Some of the factors that we use to reduce your costs:
Business Tax Incentives
As a commercial business one of the great benefits available is the ability to depreciate the cost of your installation over a five year period and receive the tax benefits which are a huge benefit.
Borrowers make loan payments directly to their lender like a typical loan. New York State commercial incentives include:
• NYSERDA partners with lenders to help small business and not-for-profit organizations access up to $100,000 in financing at a below-market interest rate. They offer 50% of the project cost- up to $50,000- at 2% interest and the participating lender provides the remainder of the loan at the market interest rate.
Other options include:
• New York Property Tax Abatement
• Investment Tax Credit
• Depreciation Savings for businesses
To find out more about Commercial Participation Loans fill out the form below or call (718) 618-5649.
Solar Financing & Leasing for Businesses
We provide commercial building owners and not-for-profits with an alternative source of affordable financing for up to 100% of the cost of solar and energy efficiency projects of all sizes.
Energize NY financing differs from traditional financing options because eligibility is not based on traditional credit scores, but rather on the building’s ability to save energy as a result of the solar project.
The financing is repaid through an annual charge on the tax bill for the property with flexible customization loan terms up to 20 years. The financing automatically transfers to the new owner if the property is sold during the loan term.
Energize NY offers competitive interest rates from 4% to 6.5% depending upon market conditions and even lower rates for not-for-profits located in Westchester County.
Applying for financing is easy, with fast approvals and customer service to help you through the process. Fill out the form below or give us a call today to see if you qualify.
Get a Free Virtual Survey
For Your Business
Tell us about your bill and property so that we can help you find the most savings available. We’ll show you which energy suppliers offer the lowest rates and connect you directly through our network.
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