As pioneers in the solar industry since 2008, we’ve witnessed the transformative power of solar energy firsthand. When it comes to investing in a solar power system, we understand that environmental benefits alone aren’t enough – the numbers have to align.
Picture this: a solar panel array that not only contributes to a greener planet but also slashes the average business owner’s energy costs in Hawaii by a remarkable 25%. Imagine the impact on high-usage businesses such as hospitals, universities, agriculture, and industrial manufacturing – a return on investment in as little as 6 years is not just a possibility; it’s a reality.
At Independent Energy Hawaii, we don’t just stop at presenting options. We dive into the intricacies of your payback period, ROI, and tax advantages, ensuring that the solar system we design is not just environmentally sound but economically proficient too.
With a legacy dating back to 2008, Independent Energy Hawaii stands ready to rise your business by taking control of its energy costs. Our expertise goes beyond mere installation – we help you navigate the intricacies of clean power generation onsite at your facility. Lower your energy costs, fortify against outages, and embrace the peace of mind that comes with committing to clean energy. Discover a solar solution that works for your business.
Reasons People Like You Trust Us for Their Installation and Servicing
So many homeowners around the state come to us and trust us with their residential solar panel installation – but so have countless businesses and organizations with their commercial solar panel installation!
Not only do we offer installation on any type of building – we even can come out and service your existing panels if need be. We can reinstall, remove, clean, optimize – you name it, we can help.
When starting Independent Energy back in the day, we saw an abundance of sketchy, immoral practices going on.
We set out to change the narrative around solar businesses. If you’ve heard horror stories about these types of solar businesses or even worked with one yourself in the past – you know what we mean.
That’s why when you work with us, you can expect fairness and transparency from start to finish. We rely on a quick, data driven process that makes going solar incredibly straightforward. You’ll know exactly what you can expect from us, and your investment, before you pay a penny.
There is no doubt going solar requires a substantial investment. But you don’t have to pay it all up front at once.
Most businesses and organizations – and even homeowners – end up financing their solar panel system.
Instead of wondering how you’re going to secure financing and dealing with exorbitant interest rates at the bank, we can help you achieve funding that works for you so you don’t have to delay your installation or take out a second mortgage.
Our loan terms vary greatly so you can find one that works for you. With terms ranging from 10-25 years and interest rates as low as 2.99%, what more could you ask for?
This way, you actually do end up saving money on your solar panel investment rather than spending all your energy savings paying the investment back.
How It Works
Your business is unique, and your solar power generation system should be too.
We start by analyzing your energy usage over the past year and developing systems that offset various percentages of your annual demand.
We deploy our state-of-the-art software tools and create system models that take your specific structure and location into account to generate bankable solar energy production estimates.
We then go over the projected savings, payback periods, tax advantages, and other financial aspects of each system scenario with your decision-making team.
Designed with Your Business In Mind
Here are just a few of the things we will look at with you as we design your system:
- System type: Rooftop vs. ground-mount array. We can even do carports or other structures depending on your site and your goals
- Battery and/or generator backup systems
- Future expansion possibilities
Qualifying Period: Solar energy equipment that meets the criteria is eligible for a cost recovery period of five years.
Modified Accelerated Cost Recovery System (MACRS): Think of MACRS as a way for businesses to gradually recover the money they invested for tax purposes. This system has been around since 1986 and helps businesses by spreading out the deduction process over a set time.
Solar Equipment Category: For solar energy equipment, it falls into a special category and gets a cost recovery period of five years.
How It Works: Every year, businesses can deduct a portion of the initial investment in solar equipment from their taxes. This process is called depreciation, and it allows businesses to account for the wear and tear or decline in value of the equipment over time. Yearly Percentage Breakdown:
- Year 1: 20%
- Year 2: 32%
- Year 3: 19.20% –
- Year 4: 11.52% –
- Year 5: 11.52% –
- Subsequent Years: 5.76%
Note: These percentages show how much of the initial investment can be deducted each year for five years, making it easier for businesses to benefit from using solar energy.
Solar Made Simple
Once you chose to work with Independent Energy, we take care of the rest. The process from signing to the installation date is typically 2-3 months. All approvals and permits needed for the solar installation will be handled by our team of solar experts. We will be sure to keep clear communication and update you accordingly throughout the process so you know exactly what stage your solar installation is in.
Everyone can go solar! Request an estimate and ask us how we can help you finance your system.