SOLAR ENERGY STORAGE
Boost your solar benefits with energy storage.
Benefits of Energy Storage for Business
LOWER TAXES
- Lower tax payments, thanks to a federal Investment Tax Credit (ITC) that pays for 26 percent of your system, and a federal bonus depreciation program
POWER DURING OUTAGES
- Protection from utility power outages, planned or unplanned, when you draw from stored electricity to power critical aspects of your operations during a blackout
ELECTRICITY USAGE SAVINGS
- Reduced electric bills beyond what solar energy systems alone can do; storage allows you to offset expensive utility time-of-use rates by relying on your own stored power at strategic times.
DEMAND CHARGE SAVINGS
- Reduced demand charges with the utility, further lowering your electric bills. Demand charges make up 30-70 percent of most commercial electric bills so reducing them provides you with significant savings. Read more in our Learn section.
Commercial Energy Storage Products & Services
Solar energy storage systems, also called “battery backup systems,” are integrated with solar energy systems. You can install both at the same time or add energy storage later.
Citadel has installed energy storage systems from the industry’s highest-quality and most reputable manufacturers at businesses throughout California. Our installation package includes system design and engineering, procurement of all equipment and materials, installation following industry leading standards, local permits, and utility approvals.
Solar+Storage Package
Solar and storage together provide maximum electric bill savings and maximum protection from rising utility rates or utility blackouts.
Already have a solar energy system from Citadel or even another installer? We can easily add energy storage.
Learn how the solar piece of the Solar+Storage equation works on our Solar page.
Paying for Energy Storage
The same payment options available for commercial solar energy systems—cash, loans, and Power Purchase Agreements—are generally available for commercial energy storage systems. In many cases, businesses install Solar+Storage as a package and only need one financing method for the entire project.
Citadel can walk you through the latest, best-in-class financing options available for your project so that you can choose the best solution for your unique situation.
Solar Energy Storage Incentives for Businesses
Solar energy storage systems pay for themselves through electric bill savings and improved business continuity. In addition, several government-sponsored programs reduce the upfront cost.
- The federal Investment Tax Credit (ITC) pays you back 26 percent of the cost of your solar energy storage system in the form of a tax credit. The ITC decreases over time, so keep that in mind if you’re debating when to install storage.
- Bonus depreciation reduces the business taxes you pay by accelerating the rate at which you depreciate the system on your tax returns.
- California’s Self-Generation Incentive Program (SGIP) provides rebates for “advanced energy storage” (AES) systems, including some commercial solar energy storage systems.
Read more about these incentives in our Learn section
More Resources
Contact Citadel today to learn how solar energy storage can improve your company’s bottom line.
You can also learn more on these pages:
Learn About Energy Storage » Blog » Commercial Storage FAQ »
