From retail stores and office buildings, to hotels, farms and medical facilities, a wide variety of small and medium-sized businesses throughout the U.S., make fantastic candidates for going solar. Could your business be a candidate, too?
Check out the following 5 ways that your business could benefit from going solar:
With recent utility rate increases, many businesses are finding it tough to make a profit while covering their power bills, and thanks to the unpredictability of the industry as a whole, it can be hard to budget for future energy costs. With the installation of a solar panel system, on the other hand, businesses can significantly reduce (or even eliminate) their electricity bills and minimize the impact of future rate hikes.
2. Gain from tax credits and bonus depreciation
There are a range of tax incentives available for anyone making the switch to solar, and companies can also take advantage of bonus depreciation or accelerated depreciation, in which all expenses associated with the installation of a solar system are written off over a certain period of time. To find out what solar tax incentives your business might be eligible for, consult with a tax expert.
3. Improve your brand’s image
With more and more companies setting ambitious targets for achieving net-zero emissions, by making an effort to use clean energy and rely less on fossil fuels, you could help promote a positive brand image for your business, and increase customer loyalty.
4. Support the local economy
When you have your solar PV system installed by a locally-owned company, you get to keep your energy dollars in the state, helping to boost the local economy. Ultimately, this benefits all businesses. Why not go one step further and request solar panels that have been manufactured in the country, or even the same state that your business operates from?
5. Constant power – even during a grid outage
Some states typically experience more power outages than others, and if your business is regularly affected by them, a solar PV system with battery backup could provide you with power, whenever you need it.
Often caused by extreme weather events, downed trees or a failure of equipment, even short power outages can be incredibly disruptive to a business and result in lost revenue or damage to goods or property. Keep your business running smoothly during a grid outage by having a solar system installed and pairing it with battery backup. While solar systems are connected to the grid, a solar battery will go on to provide vital power to critical loads, and can even be programmed to respond automatically to power outages.
With so many fantastic benefits to be gained from making the switch to solar, isn’t it time your business had a solar system installed?
[addtoany]