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How does a solar energy system impact commercial property values?

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It’s a given that a solar energy system will allow you to slash your monthly electric bill while protecting your business from the upward spiraling energy rates of your utility company.

What is another financial benefit of electrifying your business with solar?

Your largest business investment may be your building and property. You’ll be pleased to know that California law dictates that the gain in the appreciation of your property will not reflect an increase in taxes due to the value of a solar system. California tax code contains property tax exclusion for solar energy systems installed between Jan. 1, 1999 and Dec. 31, 2016.

While it’s great that a solar energy system will increase the value of a property without a commensurate increase in property tax, it still remains to be answered as to how to actually quantify the added value provided by a solar energy system.

There are many views on this topic ranging from simple formulas, to complex computer driven models, to let the market decide.

Fortunately, the Department of Energy has funded the development of a tool that will help standardize the value appraisal process for solar systems. The nation’s largest professional association of real estate appraisers, the Appraisal Institute, is also supporting the valuation of PV systems.

As the installation of commercial solar systems continue to skyrocket, the market will likely settle on a consistent method of assigning a dollar and cents figure to the value added by a solar system. In the meantime, you can be sure that a PV system will dramatically reduce or eliminate your monthly electric bill while freeing your business from the endless escalator of utility company driven energy price increases.

You owe it to yourself and the planet to look into what a solar energy system can do for the bottom line of your business. All it takes is a quick and easy phone call or email to a solar installation expert like SouthwesternSolarSystems.com

-Submitted by Southwestern Solar Systems.

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