Adopting Solar has never been easier or provided more savings for VT, NH and ME businesses. Major U.S. corporations such as Target, Amazon, Apple, and General Motors have become America’s biggest buyers of renewable energy. Their primary reasons? Lower power bills and generous tax credits.
Costs for commercial solar have plunged in recent years due to advances in technology along with increased production of Solar Photovoltaic (PV) panels worldwide. Paired with tax credits and the other incentives detailed below, large power users are finding renewable energy to be competitive with, or less expensive than, conventional sources of power. Solar PV improves your “Triple Bottom Line”: Financial Performance, Social Impact, and Environmental Responsibility.
The 70% drop in solar energy costs in the past decade, paired with federal and state incentives, gives your business:
Long-Term Reduction and Predictability of Energy Costs
Reduced or Eliminated Tax Burden & Generous Depreciation Schedules
Competitor Differentiator & Recognition as a Forward-Looking Business
Potential Increase in Property Value and Revenue Streams for Every Watt Produced
Helping Save You Money on Solar
Federal Investment Tax Credit
Commercial and Industrial utility customers can take a 26% Federal Income Tax Credit to offset the upfront costs of the system.
100% First-year Bonus Depreciation
Equipment placed in service between September, 2017, and January, 2023, can qualify for 100% bonus depreciation in the first year.
State Tax Credits / Incentives
States offer investment tax credit or incentives for installations of renewable energy systems on business properties.
“From design to sales pitch to installation, everything about this process was flawless. Even now, 18 months after the install was complete, the Norwich team continues to impress with behind the scenes monitoring of our system.“
Adam BurnorMed Associates, Maintenance & Safety Supervisor
“We were lucky enough to partner with Norwich Solar to install a 200 kW rooftop PV system in 2019. The timeline was very tight, and the Norwich team went above and beyond any reasonable expectations to get the job done on budget and in time. Most importantly, they have worked with us closely after the installation to resolve any issues, and they are 100% committed to providing the highest quality service. Overall, it has been a great experience.“
Eric SorkinCo-Owner/CEO, Runamok Maple
“I found Norwich Solar to be very knowledgable on renewable energy technologies and all aspects of renewable energy incentives. They enthusiastically provided excellent customer service. They were efficient and timely during the install process and in the submission of incentive documentation. After the installation, they continued to monitor and strived to make sure my system was performing at peak production.“
Phil VermeerManager, Vermeer Solar, LLC
“The workmanship is first rate and the customer service all along has been excellent. As a bonus, the Enphase software allows us to monitor our system’s production daily. Overall, we are very satisfied customers and recommend having Norwich Technologies come out to your home or business for a free site assessment.“
Hawk MethenyHartford, VT
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