Solar power offers significant advantages over paying a never-ending and ever-increasing electric bill for something you will never get to own.
Energy Savings
Commercial properties can save between 75% and 90% on their energy costs by switching to solar power. This can equate to hundreds of thousands of dollars saved over the system’s lifespan SolarReviews The White House.
Significan Savings
A company like Cemex can achieve significant savings by adapting to solar power. By reducing reliance on grid electricity, Cemex can cut its energy bills substantially, especially given the energy-intensive nature of its cement plants and distribution centers. Solar power provides stable energy costs, protecting against future electricity rate increases. Additionally, Cemex can benefit from various tax credits, rebates, and incentives, such as the federal Investment Tax Credit (ITC), further lowering the initial investment and enhancing the return on investment. Overall, solar power can lead to considerable cost savings, boosting the company’s financial health while promoting sustainability.
Cleaner air
In 2020, solar energy systems in the United States helped avoid approximately 96 million metric tons of CO2 emissions. This reduction is equivalent to removing about 21 million cars from the road for an entire year EnergySage The White House.
Reduce Greenhouse Emissions
Using solar power helps Cemex significantly reduce its greenhouse gas emissions, aligning with global sustainability goals and cutting the company’s overall carbon footprint. This commitment to renewable energy enhances Cemex’s reputation as an environmentally responsible company, which can improve stakeholder relations and attract environmentally conscious customers and investors.
Tax Incentives
Companies in the building industry can save up to 30% on solar installation costs through federal tax credits like the Investment Tax Credit (ITC). Additional state and local incentives can further reduce the initial investment, enhancing overall savings The White House EcoFlow US Blog.
The Federal Investment Tax Credit
Investing in solar energy will help Cemex stabilize energy costs, reduce energy bills, and take advantage of additional state and local incentives like tax credits, rebates, and property tax exemptions. The Federal Investment Tax Credit (ITC). This program allows to deduct up to 30% of the cost of installing a solar energy system from their federal taxes. The Alternative Fuel Vehicle Refueling Property Credit provides a tax credit for installing E.V. charging stations. The Rate is 30% of the cost, up to $30,000 for commercial installations. Modified Accelerated Cost Recovery System or (MACRS): This program allows businesses to recover investments in solar energy property through depreciation deductions. Under the Tax Cuts and Jobs Act, businesses can depreciate 100% of the cost of solar equipment. Before making any financial decisions regarding solar power loans and incentives, it is essential to consult with your accountant or financial advisor to ensure you maximize your benefits and comply with tax regulations.
Energy Independence
By 2023, the United States achieved a solar capacity of over 135 gigawatts (GW), which is enough to power approximately 23 million homes. This contributes significantly to reducing the country’s reliance on foreign energy sources The White House EcoFlow US Blog.
Energy Security
Solar power allows Cemex greater energy independence, reducing reliance on the grid and enhancing energy security. This is crucial during natural disasters that have the potential to disrupt operations and affect the company’s bottom line.
Solar Loans
Flexible Financing
Solar loans provide businesses with flexible financing options for solar panel installations, spreading the upfront costs over time with favorable interest rates. This makes solar energy more accessible and allows businesses to own their systems outright, enabling them to benefit from incentives like the Investment Tax Credit (ITC) and accelerated depreciation (MACRS). By financing a solar system through a loan, businesses can reduce energy costs immediately while paying off the loan, often with the savings offsetting loan payments. With various terms available, businesses can choose a loan that fits their financial strategy and cash flow needs.
What Could You Buy With A Solar Loan?
Solar Panels
Inverters
Mounting Equipment
Batteries
Installation
Permits
Electrical
Monitoring
Maintenance
EV Chargers
Pagodas & Cartports
Roof Repairs
Go Solar Power
Implementation
Go Solar Power (GSP) is a leading Engineering, Procurement, and Construction (EPC) company, specializing in comprehensive solar, energy storage, and EV charging solutions. Operating across 20 states, GSP offers turnkey installation services that take projects from initial design through permitting and operational phases with utility companies. As a subsidiary of Service Experts, the country’s foremost installer of HVAC and hot water heater systems, and backed by Brookfield Infrastructure Partners (NYSE – BIP), GSP stands at the forefront of energy infrastructure innovation.
GSP’s extensive range of services includes rooftop, carport, and ground mount solar installations, energy storage systems designed to offset demand charges and provide full backup, and EV charging solutions for both employees and clients. Committed to delivering high-quality, cost-effective, and transparent services, GSP guarantees solar production and offers a variety of financing options including cash, loans, leases, and power purchase agreements.
With a proven track record as the #1 Tesla Megapack installer in the Southeast US and a dedication to deploying best-in-class equipment, GSP ensures that every project is professionally managed and executed to meet the highest standards. Whether aiming to reduce energy costs, enhance sustainability, or generate additional revenue through EV charging, Go Solar Power provides tailored solutions designed to maximize benefits and drive long-term value for commercial clients.
Evaluate Needs & Site
- Conduct an energy audit to assess current energy usage and costs.
- Perform a site assessment to evaluate the feasibility of installing solar panels.
- Identify financial incentives and set clear energy savings and sustainability goals.
Design & Permitting
- Work with engineers to design a customized solar energy system tailored to Cemex’s needs.
- Obtain necessary permits and approvals from local authorities.
Explore Financing
- Research and secure financing options such as solar loans, leases, or power purchase agreements.
- Apply for federal, state, and local incentives, including tax credits and rebates.
Installation
Monitor & Maintenance
www.FloridaSunMan.com
Federico Sandoval
federico@floridasunman.com
+1 772-497-6696