Hope General Store Adds Solar
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A few things they had to say:
Andrew Stewart, owner of the Hope General Store … said the price for the panels was so good that he couldn’t pass it up. Besides the environmental benefits, one can also receive state and federal credits for using solar power, he said.
Stewart will still rely on Central Maine Power but expects to save 20 to 30 percent on his bill. He hopes to see a payback on his solar power venture in about eight years.
Besides record low prices for solar panels, there are a number of tax and credit incentives for businesses considering solar power. There remains an uncapped 26% federal tax credit for system costs, and businesses can choose to accelerate depreciation on solar installations for further tax benefits. There is also a $2,000 State of Maine rebate for solar electricity.
All told, incentives can come close to 50% of the system cost, dramatically reducing the payback time for a system that will last 25+ years.
Meanwhile, the solar system will offset roughly 7,700 lbs. of CO2 emissions annually, or the equivalent of taking 3-4 commuter vehicles off the road!
More Photos from Our Commercial Solar Photo Gallery:
[zenphotopress album=213 number=30]
For more installations, see our Solar Projects Map