The 30% Solar Investment Tax Credit
The business ITC is currently set at 30 percent and was extended until the mid-2030s through the Inflation Reduction Act (IRA)
That equates to about $2B in annual energy costs across the industry. This number only rises as energy prices continue to climb, and electric vehicle proliferation places higher energy demands in showrooms, service bays, and sales lots.
Amidst an increasingly competitive automotive landscape, softening demand, and shrinking margins, the most successful dealers proactively manage spending to reduce operating expenses.
Sustainability is good for business. Demonstrating that your dealership cares about the health of your local community will engender trust. This is particularly important among female customers, who influence 80% of vehicle buying decisions, and millennials, who are far more inclined to purchase from businesses they see as environmentally aware.
Electric vehicles are the future, and dealerships must keep demo vehicles and service loaners fully topped off. Don’t increase your electric bill. Let Arizona’s abundant sunshine fill the tank.
Because of these trends, many automobile manufacturers have deployed sustainability programs that auto dealerships can benefit from. Some examples include:
Go Green Sustainability Program
Green Dealer Program, where GM is the leading U.S. brand with a sustainability initiative. GM is leveraging energy efficiency with onsite and offsite renewable energy solutions to reach its 100% renewable energy goal by 2050
Green Dealer Program, where the company leads all automakers with 12 LEED-Certified "Green Buildings" in North America
Green Program 2022 and Nissan Green Shop certification system include goals for reducing CO2 in its buildings
Eco-Friendly Retailer Program in partnership with Green Dealer Support (GDS)
Environmental Challenge 2050, where Toyota is the only brand in the top 10 retailers for LEED certification.
Every Tesla vehicle is electric. Simply plug in to drive on sunshine.
Solar carports provide cooler parking options while generating additional electricity simultaneously. Solar tax incentives can
be applied to shade additions so long as they incorporate solar panels into their design.
Contact us for a solar quote today!