Agricultural Farm Solar Case Study
Langley Farm Goes Solar
Location: Langley, BC
Project Size: kW
Number of Solar Panels Installed:
Est. Annual Energy Consumption: kWh
Tax Benefits*, first 3 years: $
A Safe Investment in Uncertain Times
With a long-term perspective, an investment in solar made sense when compared to alternatives: either the uncertainty of stock markets, or historically low interest rates on fixed income investments. Investing free cash in solar created an opportunity for great long-term returns with very little risk, especially when paired with Penfolds’ industry leading 40 year warranty.
Hassle Free System
Managing multiple businesses, having a system that did not require constant attention was important. Online web monitoring and automatic fault detection alerts sent directly to Penfolds left nothing to worry for the customer.
In addition to economic benefits; upfront tax breaks on capital costs, increased building value, reduced carbon footprint for building and lower building cooling needs due to thermal barrier created by the panels were all seen as value adding benefits.
* Based on a marginal tax rate of 26% and assumes the purchaser has a “tax appetite” for deductions.