SolBid provides turn-key solar energy systems to businesses nationwide at the best possible cost. We seamlessly partner with certified local solar electric contractors who compete for the installation of your project so you don't have to shop around.
Commercial Focused SolBid is dedicated to serving the commercial market. We know how to navigate complex electric rate structures and design a system to best cater to your businesses needs.
Tax Credits and IncentivesWith SolBid you own the solar energy system and get to utilize 100% of all federal and local tax credits and incentives that are available to you, maximizing your return and minimizing costs.
Brand Name ComponentsSolBid only provides best in class solar energy components within our systems. Our solar modules and inverters carry a 25yr manufacturer performance warranty for peace of mind.
Low Rate FinancingSolBid is partnered with a number of recognized banks allowing us to provide you with low rate term loan financing, providing optimal cash flows for your business operations.
Performance MonitoringEvery solar energy system we sell and install comes with a performance monitoring system so you can stay on top of your energy production and watch your savings grow.
How does solar work for a business? Solar panels, otherwise known as photovoltaic (PV) panels convert sunlight into DC electricity. An inverter converts the DC electric to usable AC electric for your business. During the day, any additional electricity that your business does not use gets fed back into the electric grid. At night when the solar energy system is not producing energy, you will continue to draw energy from the grid as you do now. Net-metering is where the electric utility will credit you the energy that your solar produced against what you used to determine your electric bill for the month.
How much does solar cost?Currently in most markets, solar energy costs less than the traditional electricity you receive from your electric utility company. See what solar can do for your business by using SolBid’s no charge Instant Proposal and get a complete 25yr financial analysis.
Does SolBid service my area?SolBid provides solar energy solutions to companies located anywhere within the United States.
Will Solar panels damage my roof? No. Our solar mounting systems are designed to avoid any damage to your roof’s surface. Actually, solar panels over your roof surface can lead to reduced UV damage to your roofing surface and as well increase the insulation value. Our flat roof and standing seam solar energy systems use a non-penetrating style mounting system, so we do not put any holes in your roof. Our sloped roof products do however utilize a sealed flashing kit and lag bolts to the rafters.
What if I need to make repairs to my roof in the future? Solar panels systems can be removed and replaced for any roof repairs that may be necessary in the future. Solar energy systems are very simple, with a limited number of parts. However, we suggest having licensed electrician remove / replace the solar energy panels. Preferably the original electrical contractor who did the installation.
What if I Lease my building? SolBid will negotiate with your landlord to get you a rooftop easement for your business to allow for solar panels to be placed on the roof. You would be surprised to receptive your landlord might be to solar as an addition to their property.
Solar panels do just fine in snowy conditions. Typically, in < 8” snow falls the snow will slide off the panels due to their smooth glass surface and tilt. If you have a sloped roof with solar panels, we do recommend a snow brake at the roof’s edge. For heavier snow falls you might want to take a foam snow rake to remove the snow from the panels if you get enough accumulation or pay to have it removed.
What is the Federal ITC? The solar Investment Tax Credit (ITC) is a tax credit provided by the US Federal Government for commercial properties under 26 USC Section 48. The tax credit can be claimed against the solar energy project owners tax liability in the year the system is fully operational, carried back 1 year, and/or carried forward 20 years. The elidgble tax credit for solar energy systems that commence construction by 2019: 30%, by 2020: 26%, by 2021: 22%, and remains at a permanent 10% following.
What is the MACRS? The Modified Acclerated Cost Recovery System (MACRS) is a method of depreciation in which a business' investment in solar energy property can be recovered, for tax purposes, over a period of 5 years. This is an acclerated exception from the typical allowable tangible property tax deduction recovery, that is spread out over the useful life of the property. If the ITC was claimed for the equipment, the taxable basis must be reduced by 50% of the claimed ITC credit (Ex. If the 30% ITC was claimed, the owner would depreciate 85% of the project cost). The allowabe standard MACRS depreciation schedule is as follows: Year 1-20%, Year 2-32%, Year 3-19.2%, Year 4-11.5%, Year 5-11.5%, Year 6-5.8%. Until the end of 2019, the owner can elect for the Year 1 Bonus MACRS depreciation, which is 40% for 2018 or 30% in 2019. In 2018 congress enacted a 100% Bonus depreciation option in Year 1. See IRS Pub 946 and IRS Form 4562.