In What Ways Could Your Business Benefit from Solar Power?

Posted at December 20, 2021 Posted In Uncategorized

When considering whether to invest in a solar system for your business, the financial savings you can make over time, may be enough to convince you, but for those who need a little more persuading, we’ve listed a few more of the benefits of solar panels for businesses:

Reduced overheads

No business can function without a consistent energy supply, and many businesses do so much more with power than merely lighting the building. However, there are limited ways to reduce these overhead costs without the installation of some sort of energy saving system such as solar panels.

Having solar panels installed at your business can significantly reduce your energy bills, in some cases, by as much as ¾’s, and those savings begin as soon as the solar system is installed, and continue at that rate throughout the solar systems lifespan, giving you much more control over your overheads.

Power your business into the future

With pressure for more and more industries (and countries) to reduce their dependency on fossil fuels, when you make the switch to solar, you’re also investing in your bottom line.

Coal and gas-fired electrical generation stations will be heavily regulated into the future, both on their emissions and their carbon footprint, and this will amount to a significant hike in costs for fossil fuel generation, and in turn, for the consumer. By making the switch to solar, you can lower your electrical consumption costs and better protect the future of your business.

Become energy independent

With the installation of solar panels, you can store electricity through a battery system and not only reduce your dependency on local power companies while making significant savings on overheads, but give yourself the assurance of a reliable electric supply, whenever you need it.

Make tax savings

At all levels, local, state and federal governments are supporting businesses to make the switch to greener energy with a number of tax benefits, some of which are listed below:

  • 26% federal investment tax credit (ITC)
  • Accelerated depreciation
  • Solar renewable energy credits (SRECs)

You don’t have to install a certain type or size of solar system in order to qualify for these tax advantages; they are simply the governments way of encouraging more businesses to make the switch and to be able to reduce their emissions and carbon footprint in a sustainable, affordable way.

Get a great ROI

While an initial investment must be made, once the solar system has been installed, it will continue to help you make savings on your bottom line, and in a great many cases, can pay for itself in just a couple of years.

All told, there are numerous advantages of having a solar system professionally installed at your business, and few who choose to do so, regret their decision to help save the planet, while making massive energy savings for themselves and their customers.

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