Harvesting the Sun: Bloom Masters’ Path to Sustainable Savings with Onsite Solar and a USDA REAP Grant

Objectives :

To significantly reduce the company’s energy costs, which previously ranged
between $2,000 and $2,500 monthly with Duke Energy Florida

Solution :

A custom-designed array and a USDA REAP grant that covered 50% of the project costs. A four-year financing term with cash-flow-positive payments further amplified savings by offsetting Duke Energy bills, providing cost relief, boosting company value, and strengthening their environmental reputation.

Benefits :

Quick ROI:

Thanks to multiple financial incentives—including a 50% REAP grant, 30% federal tax credit, accelerated MACRS depreciation, and affordable financing—Bloom Masters achieved a rapid return on investment, turning solar into a high-yield asset with no upfront cost.

Permanent Solution for Escalating Utility Cost:

Solar offers long-term protection against rising utility costs, stabilizing operational expenses.

Improved Cash Flow and Business Value:

By producing energy onsite, Bloom Masters reduces ongoing expenses, creating positive cash flow while boosting the business’s value and appeal as a sustainable operation.

Key Points

No Money Out of Pocket:

Accessible financing allows businesses to switch to solar with no upfront cost, creating cash-flow-positive monthly savings.

Maximize Available Incentives:

Take advantage of USDA REAP grants, a 30% federal tax credit, and MACRS depreciation to dramatically reduce investment costs.

Enhanced Energy Independence:

Solar power allows businesses to generate their own energy, reducing dependence on utility companies and protecting against fluctuating energy prices.