Commercial Solar Case Study
Delta Commercial Property Landlord Goes Solar
Location: Delta, BC
Project Size: 29 kW
Number of Solar Panels Installed: 111
Est. Annual Energy Consumption: 30,800 kWh
Tax Benefits*, first 3 years: $2,112
Having installed solar on his home in Tsawwassen, the owner of this mixed use commercial property in Delta was already convinced that solar makes a great investment. He decided it was time to put the roof of his commercial rental building to work too. Phase one saw 111 solar panels powered up in March 2016, with eventual plans to fill the rest of the roof with panels, as funds are available.
A Safe Investment in Uncertain Times
With a long-term perspective, an investment in solar made sense when compared to alternatives: either the uncertainty of stock markets, or historically low interest rates on fixed income investments. Investing free cash in solar created an opportunity for great long-term returns with very little risk, especially when paired with Penfolds’ industry leading 40 year warranty.
Hassle Free System
Managing multiple businesses, having a system that did not require constant attention was important. Online web monitoring and automatic fault detection alerts sent directly to Penfolds left nothing to worry for the customer.
Multiple Benefits
In addition to economic benefits; upfront tax breaks on capital costs, increased building value, reduced carbon footprint for building and lower building cooling needs due to thermal barrier created by the panels were all seen as value adding benefits.
* Based on a marginal tax rate of 26% and assumes the purchaser has a “tax appetite” for deductions.