Financial Return of Commercial Rooftop Solar System
Installing a commercial rooftop solar system is an investment that pays for itself by generating onsite electricity at a lower cost. Core Development Groups tailors customized options for businesses to pay for their commercial solar systems. Depending on incentives and roof details, a target return on investment for a cash purchase is approximately 10% -20% per year with a payback of 5 to 10 years. After the payback period is reached, the commercial solar system will continue to produce electricity for over 25 years.
Businesses can choose a power purchase agreement (PPA) option for the rooftop commercial solar installation and payments can be structured to be lower than the electricity costs from the local utility company. Under the PPA scenario, businesses can create an immediate monthly savings on their electricity costs. A commercial solar PPA provides an economic hedge against inflation by protecting against energy market spikes and the inevitable rise in utility electricity rates.
Businesses face important choices to install commercial solar systems on their properties. Commercial solar system are innovative and financially focused decisions that have both impactful bottom line impacts and positive sustainable results.