Whatever type of commercial property owner you are, adding a solar and energy storage system to your building could help you save money and meet your sustainability goals.
Here are just three of the many reasons why solar power could be ideal for commercial real estate:
With electricity rates having soared in recent years, and grid improvements a necessity in order to support the growth of distributed energy generation, costs are set to continue soaring, making it exceptionally challenging for owners of commercial properties to budget for their rising energy costs each year.
By having a solar energy system installed, however, commercial property owners are better equipped to take control of their energy costs and limit – or significantly reduce – their dependency on power supplied by local utility firms.
There are also financial and tax incentives to be gained, and by taking advantage of these, commercial property owners can reduce the cost of having a solar system installed by as much as 40%.
2. An improvement in property and value
Did you know that through upfront or monthly lease payments, commercial property owners can reduce (and in some cases, eliminate) the cost of a roof replacement? Additionally, a building with a solar system professionally installed has a higher market value than an identical building that doesn’t have one.
With the convenience and comfort that solar carports, canopies and EV charging options can bring, property owners may even be able to improve occupancy rates and resale opportunities.
3. Significantly reduce your carbon footprint
Studies have shown that a whopping 40% of U.S. carbon dioxide emissions come from residential and commercial buildings, making them one of the biggest contributors to greenhouse gas emissions. In order to meet new, stricter building codes and state commitments to reduce carbon emissions, commercial property owners will need to change the way they build and renovate structures, and solar energy is a clean, renewable and abundant way to do just that.
Because solar power doesn’t generate harmful carbon emissions in the way that fossil fuels do, by adding a solar system to your commercial property – and taking other recommended measures to help reduce waste and be more energy efficient – you could have a high performing building with a reduced carbon footprint.
Whatever your reasons for making the switch to solar power, as a commercial property owner, you can show tenants, customers and employees not just that you care about the future of the planet, but that you’re prepared to do something about it.
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