At Roofing Solutions, we provide true turn-key solar solutions for commercial facilities
looking to cut their utility costs and become a part of the solar revolution.
Why Should Your Business Go Solar?
Dramatically lower your energy costs.
Harnessing your energy from the sun allows your business to cut operating expenses considerably. After the initial investment and short payback period (sometimes less than 3.5 years), the aggregate savings often climb into the hundreds of thousands, if not millions of dollars over the life of the solar array.
Eliminate worries of escalating energy costs.
Electricity prices have jumped considerably over the past several years with some areas of the country having seen hikes of up to 30% in a 12-month timespan. With solar, as the cost of energy continues to increase, your savings will also.
Financial & Tax Incentives
Strong Financial Incentives, Tax Credits, and Grants to help offset costs. Between the Federal Investment Tax Credit (ITC), Illinois Adjustable Block Program, Smart Inverter Incentives, and tax treatment / bonus depreciations, a large percentage of the project costs can be offset by record-high incentives.
Let Solar help pay for your Re-Roof.
If your roof already needs to be replaced, adding solar to a new roof system can be a great way to help offset the cost via energy savings and incentives.
There has never been a better time to go solar with Peak-Level Incentives, Tax Credits, and Grants available right now.
30% Federal Investment Tax Credit (ITC)
With the passing of the Inflation Reduction Act in 2022, the Federal Investment Tax Credit has been raised to its highest level in history- 30% for the next ten years (through 2033). Prior to this, the ITC was at 26% which many thought was lucrative to begin with.
For your business, this means that 30% of the overall cost associated with your solar project can come back to you, year one, as a 30% dollar-for-dollar tax credit.
For businesses that cannot take advantage of the full amount in year one because they don’t generate enough tax, no worries. You can carry back the tax credits up to 3 years backward and up to 22 years forward. You can also sell them on a Tax Credit Marketplace at a discounted basis in exchange for an immediate influx of cash.
Illinois Adjustable Block Program (ABP)
Illinois offers State administered payments for Renewable Energy Credits, referred to as “RECS”, generated by your solar system. The more power your solar system provides, the larger your credits (payments) will be.
Illinois’ ABP program is one of the most lucrative in the country providing solar customers the ability to offset another substantial portion of the project cost- many times in the hundreds of thousands of dollars.
These payments come in the form of quarterly checks paid directly to your business with 90% of the overall amount being paid out over years 1-7 and the final 10% in year 15.
Inverter Incentives / Utility Rebates
Receive a rebate of up to $250 per kW generated by your new solar system, paid out in a check once the system is energized- typically within 60 days. This is a nice, lump sum payment directly from your utility company to further help offset costs.
Federal Bonus Depreciation
You can expense 80% of the overall project cost, less the Investment Tax Credit amount, in year one under Bonus Depreciation. Depending on your effective corporate tax rate, the tax savings here can be huge.
The allowed Bonus Depreciation rate for 2023 is 80% and decreases 20% each year until reaching 0% in 2027, so time is of the essence to take advantage of this accelerated depreciation incentive.
Ready to See How Much Your Business Can Save with Solar?
Request a free consultation and solar analysis.
No obligation, no annoying sales calls.
Making Your Roof "Solar-Ready"
The first step in going solar is to get your roof ready for the new array. Today's solar systems can last anywhere from 20-30 years. Matching up the lifespan of your roofing system is critical to the long-term success of any rooftop solar array. Installing a new solar array on an aged, old roof is a recipe for disappointment.
If you have an older roof or if your current roofing system isn't a good match for solar, we will help you find the most cost-efficient re-roofing option to get you "solar-ready".
Solar-Ready Roofs usually include:
Upgraded waterproofing membrane. We recommend either TPO or PVC waterproofing be installed under rooftop solar systems. This bright-white membrane reflects light back from the roof surface which, in turn, helps produce additional solar energy when bi-facial solar panels are used. We also recommend that thicker 80-mil membranes be used which upgrade the roofing system from 20-years to 25 or 30-years, depending on the specification selected. This longer-term lifespan matches up perfectly with the expected service life of a new rooftop solar array.
High-Density (Coverboard) Insulation. Beneath the new waterproofing membrane, we recommend that a layer of upgraded, high-density coverboard insulation be used to add rigidity to the assembly. This insulation layer gives the roofing system much better puncture resistance and provides the perfect substrate for a solar array to be installed above.