Today, many businesses are searching for energy alternatives due to the high-cost and volatility of fossil fuels. They’re also faced with increasing scrutiny regarding their power consumption and emissions. Whether you are looking for affordable, renewable power or seeking to position your business as an environmental leader, wind or solar power can be an integral part of your solution — Businesses Are Seeing Green and Karbon Zero can help. No matter what your specific interests may be, we can assess your facility and design a project to meet your needs.
Benefits of Producing Power On-Site.
- Lower overhead: See your electrical costs drop the second your system goes live. These savings coupled with state or federal incentive programs can offset your capital costs in several years – allowing you to put more of your profits back into your business.
- Tax advantages: Between the federal investment tax credit and grant program and the rules for claiming depreciation on renewable systems, an investment in wind or solar translates to real benefits that businesses can take advantage of in the tax years to come.
- Stable cost of power: With a wind or solar system you’ll know what your electricity costs will be for 20 years or more so you can safeguard your operational budget against the volatile and increasing costs of energy.
- The “greening” of business: Even companies that are not environmental in nature are valued by discerning consumers who put a premium on sustainable and environmentally friendly business practices.
- 21st century marketing opportunities: Whether your business has been around for five or 50 years, an on-site renewable system will bring high visibility and a renewed sense of interest in your products and services.
- Federal 30% Investment Tax Credit or Monetized Grant: The federal ITC program was recently enacted in the American Recovery and Reinvestment Act of 2009. For projects installed before the end of 2010, you can choose to monetize the ITC for up-front cash to fund your project.
- State grants and incentives: Many states offer attractive incentives for wind and solar energy projects. Combined with the federal grants, your business can begin reaping economic rewards in just a few years.
- REAP grant for rural businesses: The new Rural Energy for America Program (REAP) can provide cash grants for farms, rural small businesses, and rural electric cooperatives. You can combine this grant with state programs, REAP low-interest loans, and even the federal Investment Tax Credit.
- Tax-deductible depreciation: Wind turbines and solar systems are eligible for accelerated depreciation, allowing for a project to realize immediate tax savings over the first five years of operation.
- KZ PPA: Our proprietary power purchase agreement (PPA) is structured so that businesses can receive power produced on-site at rates that are more stable and often lower than what is offered by the local utility. This option allows businesses to reap the benefits of renewable energy with little to no money down and includes the operation and maintenance of the system.
We can help you navigate through the incentives and financing options available to your business. Please Contact Us today to learn more.
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