Businesses are increasingly realizing the monetary benefits of installing commercial solar panels. With a payback in the mid-single digits and a typical internal rate of return (IRR) exceeding 10%, most companies find that solar makes sense purely as a financial investment. There are other intangible benefits that can further improve the economics, such as employee recruiting and retention, customer attraction and loyalty, reputation in the community, and competitive differentiation.
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Depending on the location, most commercial solar projects in Texas have a payback period between four and eight years – and they also offer a faster return than residential solar systems.
Commercial solar projects in Texas often have an internal rate of return (IRR) between 10% and 15%, which is higher than the minimum acceptable rate of return for many companies.