Your Lean-Forward Solar Formula
The value of your solar installation depends on five factors:
- cost of electricity and its inflation
- cost of a solar system after incentives
- performance of solar system
- interest rates
- your tax situation
Instead of depreciating like most assets, solar systems appreciate over time! The more electric rates go up, the more you save.
Costs of running an agricultural operation are climbing: seed costs, insurance premiums and drying expenses are making it tough to eek out a profit.
Solar technology can offset this worrisome financial trend.
- high electric rates
- financial incentives: tax credits and depreciation
- net-metering policies
- good sunlight availability
Solar energy systems offer a practical, timely strategy for regaining profit momentum.
- low cost set-up
- federal tax incentives accelerate payback to only 7 years
- easy to operate
- minimal maintenance
- energy costs plummet to “free” for 10 years of operation!
Proof that solar performs: In 2013, Mike and Terry Beller launched a solar-powered irrigation system with the help of Loup Public Power District and Solar Heat and Electric.
The very first full year of operation, it generated more than 40,000 kilowatt hours, according to Nebraska Public Power District. With the help of Solar Heat and Electric, the system actually produced more energy than it consumed!
By receiving energy credits (at the wholesale pricing level) for the energy that was returned to the grid, costs plummeted and profits increased.
Thanks to Solar Heat and Electric, solar technology is spawning innovation all across the agricultural sector for irrigation, dryers, shops and even greenhouses.
Solar technology stimulates your P&L, your community and your future.