Many large and highly successful companies throughout the U.S. have adopted solar power on an industrial scale, reducing their emissions and making them much more competitive. However, with the cost of solar power having fallen significantly in recent years – and set to continue doing so –small and midsize businesses are also able to reap the many benefits of renewable energy.
Here are just a few of the many ways in which investing in solar power as a commercial enterprise, can help make you more competitive:
Going solar will save you money
Energy prices are soaring worldwide currently, but with a solar system installed, your business could significantly reduce its spending on electricity. In fact, resources show that a solar system can reduce a commercial electric bill by as much as $1,450 every month, and you can also help to make your energy costs more predictable, without the fluctuations in price that using fossil fuels causes.
With a more efficient business, you can start to charge customers less for the products or services you sell, and spend your savings in ways that enable you to attract and serve more customers.
It’s a smart investment
Photovoltaic panels do require a considerable upfront investment, but in recent years they have become far more affordable, and some states and the federal government have helped lower the cost by providing incentives and tax deductions.
If your business were to invest in a solar energy system, you can expect to recoup the cost in as little as 5 years, although naturally this period will depend on a variety of factors, such as the design of the system and how much energy you consume. Generally speaking, though, the investment can be recouped far quicker than many business owners think possible.
Should your business need to expand in the future and you need to sell up and move to a larger facility, your solar system will add to the commercial structures resale value, and could even help you sell it faster.
Solar helps you be prepared
If your business operates in a state in which the local government charges higher taxes for a higher production of emissions, a simple switch to solar will help you avoid this additional expense, and with the way things are shaping up, higher taxes for higher emissions is looking increasingly more likely for many states.
When a natural disaster strikes, power outages often occur, and the severity of the disaster can sometimes leave businesses and homeowners alike, without power for days or even weeks. With a solar system and battery backup system installed, however, you can continue to provide a lifeline to customers in the area and carry on making money while other businesses have been forced to close.
Solar power helps you protect the planet
Nowadays, more and more customers around the world are seeking to do business with companies that make use of renewable energy, and with a solar system installed, you could attract new customers and investors by showing that you’re a part of the renewable energy movement.
Not only that, but with the sale of eco-friendly goods growing faster than any other type of product, you’ll find that many buyers are willing to pay a higher price for goods and services produced by an eco-friendly company.
All in all, commercial solar makes a smart business investment: saving you money, helping you attract new customers and sending out a positive message about your company and what it believes in.
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