Evalence is your partner for developing commercial solar systems for your business. From ground mounted solar arrays for your agricultural operation, to solar roofs on your tenant occupied warehouse, we're the team to implement your commercial solar projects.
We're not just an installation team, we're your vertically integrated renewables partner. We bring design capabilities in-house, paired with flawless execution by our electrical implementation team. We continue to stay updated on the latest industry technology and trends so that your installation can have the highest return on investment, and longevity for the future.
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Every solar project starts with a commercial solar assessment. This is a detailed report outlining potential opportunities to incorporate solar electric systems into your existing facilities. We will highlight the potential return on investment for solar implementation strategies, and give you insight into solar project economics.
Once we have a starting point, our team will work with yours to refine the project proposal to maximize grant funding incentives and perfect the project plan. At Evalence, we believe high performance in the planning stage leads to high performing installations. The attention to detail, and concierge level experience we bring to our commercial solar system projects shows in the quality of our deliverables.
Solar power is a major financial investment for your business, and it's crucial that your commercial solar installation meets your internal investment criteria and performs as modelled. Companies are under increased scrutiny for ESG related policies from investors who are frustrated with industry greenwashing tactics, and underperforming token installations. We can help present the business case clearly to your management team, and set realistic expectations for the solar production you can expect from your array.
Your commercial solar investment should meet your electricity needs, reduce reliance on the grid, and have a positive impact on your planet. All three of these factors are important, and can co-exist.
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We're a team of technical professionals with a passion for successfully executing renewables projects. If you desire a high level of service, with boutique level solar expertise than you've come to the right renewables company. Here's a few more reasons most businesses choose us to be their solar contractors.
Evalence stands apart as a solar installer focused on quality, not sales. Commercial solar projects demand a high level of skill and knowledge, far beyond what a typical sales representative can offer. With us, you engage directly with decision-makers who have the expertise to handle complex projects and deliver on their commitments, ensuring your solar system cost is well-invested.
Recognizing that every commercial building has unique solar needs, we offer extensive customization for your commercial solar installation. Our partnerships with diverse suppliers allow us to source a variety of clean energy solutions, catering to specific project requirements.
When it comes to larger commercial projects, even small changes like the angle a solar panel sits on racking can make a major impact on the project economics.
At the heart of Evalence's approach is building strong, lasting relationships with our clients. We view each solar project not as a one-time transaction but as the beginning of a long-term partnership. Our goal is to reduce your carbon footprint and utility bills, while considering the upfront cost, so you save money in the long run.
We know that when your solar installation is completed you will be calling us back for the next one!
Solar offset credits can be a lucrative opportunity for commercial buildings to improve the solar installation payback period. The registration process is straightforward, and Evalence can ensure your project complies with the requirements for the Technology Innovation and Emissions Reduction (TIER) Program, leveraging federal tax credits and other incentives.
Carbon credits are calculated based on your systems actual electricity (kWh) production numbers. This is measured and submitted on a yearly basis, based on the systems micro-inverter production numbers. A verification process is completed and your solar production is commoditized into a tradable solar credit. This can be sold to companies that require carbon credits (Oil and Gas, Mining, Heavy Industry), or used by your company to meet it's emission goals.
At Evalence, we offer comprehensive support for your solar project, from its initial concept through to the final installation phase. Our integrated approach brings design, structural, financial, and trades together to ensure a complete project approach.
We have offices in Calgary and Edmonton, and employ team members in both cities and surrounding areas. Our team designs and installs turnkey commercial solar systems across all municipalities in Alberta. Outside of Alberta, we offer design, procurement, and permitting support in partnership with local installers.
Commercial solar panels offer significant environmental benefits. By generating clean, renewable energy, they reduce reliance on fossil fuels, thereby decreasing greenhouse gas emissions and air pollution. This shift to solar energy contributes to a healthier environment and aids in combating climate change.
Federal tax credits for commercial solar panel installations are designed to encourage businesses to adopt renewable energy. These credits, offered by government agencies, allow businesses to deduct a portion of the cost of installing solar panels from their federal tax liability. This incentive significantly lowers the overall upfront costs and improves the return on investment for solar projects.
The amount businesses can save by installing solar panels is based on their electrical consumption. Systems can be designed to completely offset electricity usage, and utilize battery storage to significantly reduce distribution and transmission expenses. The best way to determine how much your business can save is by connecting with Evalence to discuss your solar requirements.
In Alberta, the Clean Energy Improvement Program (CEIP), can be utilized to finance commercial solar projects. It's currently available in Edmonton, with applications re-opening in Spring 2024. This program allows for commercial solar projects to be financed through a municipal loan at attractive interest rates. Evalence is an authorized CEIP contractor.
Solar panels are a commercial property investment which can reduce your businesses monthly operating expenses. One of the simplest methods to value a commercial property is using the investment valuation method, which divides net operating income by "cap rate" to determine a commercial valuation. Decreasing electricity costs, will increase property net operating income and therefore increase the value of the property.
Example:
A warehouse owner is considering installing a roof mounted solar system estimated to reduce the monthly electricity bill by $3,000. The system maintenance is estimated to be $2,000/year, and the owner's chosen cap rate is 9%. How much could this system increase the value of the commercial property?
The system is estimated to save $3,000/month ($36,000/year) with system maintenance costs of $2,000/year. The net savings are $34,000/year ($36,000 - $2,000).
(Operating Income / Net Cap Rate = Project Value).
($34,000 / 9% = $377,778)
This is a simplified example, but illustrates the potential value of a commercial solar installation for your business. Additional factors for consideration should also include tax incentives, cost of capital, alternative projects, ESG, and local market factors.
No - the majority of businesses choose to install solar to supplement their current electrical usage, and do not go off grid. A grid connected solar system merges cost savings from solar, with the convenience of the electrical grid.
Commercial solar panels are designed with production guarantees of 25-30 years. It's suggested, that solar panels will produce electricity for many years beyond the guaranteed lifespan.
When it is time to replace solar panels, the cost to do so is significantly less than the initial installation price. This is due to the cost savings from the existing solar racking and electrical infrastructure that could last well beyond the solar panel lifespan.
