Solar Panels for Business in Arkansas. We handle every detail from design, permitting, and installation to deliver you a customized, turnkey solar system that maximizes your ROI.
Reliable, low-cost solar energy helps reduce your operating expenses and boost your net operating income.
Switching to clean solar energy reduces your exposure to rising utility rates by locking in fixed rates, putting you in control of your bottom line.
As a local company, we know the ins and outs of solar in Arkansas. Working with us keeps your money local and supports Arkansas jobs.
If you just Googled the phrase “Solar Power For Business” or something similar, Peak Power LLC can help! Here you can learn about the benefits of solar power for business, how much small or large business solar power costs, how long it will take you to pay off your system and what your return on investment will be.
Below is a list of what you should know about commercial solar incentives. So read on and learn how you can offset as much as 50% of a commercial solar purchase. This list is catered toward Arkansas businesses looking to go solar.
Available to all businesses and homeowners, this incentive will offset up to 26% of a solar purchase in the form of a federal incentive tax credit. To qualify, your business must have tax liabilities upon filing. In other words, if the business owner is going to receive monies back from the IRS, then the credit will not be applied for that current tax year and will simply roll forward to the next tax years filing. After the extension of this tax credit in 2020, the 26% ITC is available now through the 2022 yearend, after that the incentive drops to 22% for 2023 before permanently dropping to 10% for commercial projects and 0% for residential projects in 2024.
Every commercial solar system qualifies for the Modified Accelerated Cost Recovery System (MACRS), as a method of depreciation to the solar asset. This is to allow a business’ investments to be recovered, for tax purposes, over a specified length of time thru a series of annual deductions(typically a five year period).
The Rural Energy for America Program (REAP) grant was established by the USDA to assist agricultural producers with renewable energy investments. This REAP grant is available in select rural towns across the country with a population below a certain threshold and covers 25% of a solar investment up to $500,000 for qualifying businesses.
more resources to read : Solar Rooftop Potential | Department of Energy
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