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The Timing is Right to Install Solar on Your Commercial Property

Commercial Solar Installation

If you lease or own a commercial building in Silicon Valley you will be surprised at the cost effectiveness of commercial solar. Paybacks are in the 3-8 year range, and with PACE financing (Property Assessed Clean Energy) you can significantly reduce your operating costs without affecting your credit rating, debt/equity ratio or bank covenants.

The Process is Simple

Whether you install a small commercial solar system to cover common area charges, or a larger system to offset most of your energy charges, the process is simple. Cinnamon Solar will design a rooftop commercial solar system based on your available roof space, develop an easy to understand proposal with financial details for your accountant, provide financing assistance (cash, PACE, solar bank loan or lease), generate engineering plans and pull a building permit, install the system, interconnect with PG&E, and provide ongoing monitoring and maintenance services.

Commercial Solar Economics Have Changed

If you’ve looked into rooftop solar for your commercial building in the past, the economics have improved for three important reasons:

1. Electricity rates continue to rise

PG&E rates have continued to rise, and now all small commercial customers must pay Time of Use rates. You are now billed at higher rates during weekday afternoons. Depending on your usage profile, a rooftop solar array can almost completely eliminate these peak charges. The chart below shows how a 200 panel system can cut your bill by over 80%.

 

  Monthly Electric Cost Comparison

2. Solar equipment and installation costs have declined

And, although there are no longer any state or utility rebates, the 30% Federal Investment Tax Credit is still in place until the end of 2016. That 30% tax credit, coupled with Modified Accelerated Cost Recovery (MACRs), can reduce your first year costs by 40% or more.

 

Commercial System Overview

3. PACE (Property Assessed Clean Energy) loans now available in most Silicon Valley locations

With a PACE loan, the cost of the commercial solar system is repaid over time out of the semi-annual property taxes paid for your building. As shown in the graph below, cash flows are immediately positive — and much more favorable than conventional solar lease or power purchase agreement (PPA) financing.

 

Commerical Solar 15 Year Electric Costs

To learn how commercial solar for your building can dramatically lower your electrical costs, complete the form on this page and we will get back to you quickly to arrange a free commercial solar analysis.

 

Servicing Silicon Valley:

Morgan Hill, Gilroy, San Jose, Santa Cruz, Scotts Valley, Almaden Valley, Milpitas, Fremont, Union City, Saratoga, Los Gatos, Monte Sereno, Campbell, Sunnyvale, Cupertino, Los Altos, Los Altos Hills, Mountain View, Woodside, Portola Valley, Atherton, Menlo Park, Redwood City, Belmont, San Mateo, Hillsborough, Burlingame

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Cinnamon Solar Service Area

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Before you lease or buy commercial solar for your property in Silicon Valley, talk to Cinnamon Solar


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