Commercial electricity costs are rising every year. When energy costs increase, so does the cost of doing business. And when energy prices go up, it puts a strain on your bottom line. Businesses need to find ways to cut costs and increase profits. This is especially true for businesses that use a lot of electricity, such as manufacturers, retailers, and office buildings.
One way to reduce your energy costs is to install a solar power system. Solar power systems generate electricity from the sun, which is free and abundant. Solar power systems can help commercial property owners save money on their electric bills, and they can also help the environment by reducing greenhouse gas emissions.
Understanding the benefits of solar power can help business owners make the decision to switch to solar. So, let’s explore the top seven benefits of solar power for businesses:
1. Going Green Is Great For Brands
Nowadays, more and more consumers are interested in supporting businesses that are environmentally friendly. Installing solar panels is a great way to show your commitment to sustainability and green initiatives. This can help improve your brand image and give you a competitive advantage.
Plus, going green can help you attract new customers and build relationships with like-minded businesses.
When you install solar panels, you can use green marketing to promote your business. You can add “solar-powered” to your list of green credentials, and you can even use solar power to offset your carbon footprint.
There are many ways to market your business as green, and going solar is a great place to start.
2. Reduces Business Operating Costs
Solar power systems can help commercial property owners reduce their business operating costs in a number of ways. First, by generating their own electricity, businesses can avoid paying for expensive grid-supplied power. Second, solar panel systems require little to no maintenance, meaning businesses can save on costly repairs and replacements over time.
Finally, solar energy is free once the initial investment in a solar power system is made, meaning businesses can save on energy costs for years to come.
Solar panel system owners typically see a return on their investment within five to ten years. After that, they can enjoy free solar electricity for decades. This makes solar an excellent long-term investment for businesses.
3. Potential Increase In Property Value
One potential benefit of solar power systems for commercial property owners is an increase in the value of their property. A study by the Lawrence Berkeley National Laboratory found that properties with solar power systems sold for up to four percent more than comparable properties without solar power systems. This finding suggests that installing a solar power system could potentially increase the value of your commercial property.
If you’re thinking of selling your property in the future, installing solar systems could be a wise investment. Not only will you generate renewable energy and save on your energy costs, but you may also be able to sell your property for more money.
4. Control Future Energy Bills
With a solar system, commercial property owners can avoid the rising cost of electricity by generating their own power. By producing your own solar electricity, you can insulate your business from future utility rate increases. This means that once you’ve paid off your initial investment in a solar power system, your energy costs will be fixed for years to come.
This predictability can be a huge benefit for businesses, as it can help you better forecast your energy costs and budget accordingly. Plus, with net metering, you can even sell excess solar electricity back to the grid, further offsetting your energy costs.
5. Tax Breaks For Commercial Solar Installation
Solar energy industries association, SEIA, reports that commercial solar installations are eligible for a number of federal and state tax incentives. The federal government offers a 26 percent tax credit for business solar installations, while many states offer additional rebates and incentives. These tax breaks can help offset the cost of installing a solar power system and make going solar more affordable.
In addition, some states and utility companies offer solar renewable energy credits (SRECs). SRECs are tradable credits that businesses can sell to utilities to help them meet their renewable energy goals. These credits can provide an additional source of revenue for business solar panel owners.
6. Improved Sustainability
As a business owner, you may be looking for ways to improve your company’s sustainability. A solar energy system can help you do just that. Solar panel kits can help you offset your business’s carbon footprint and reduce your reliance on fossil fuels. In fact, the average commercial solar system offsets over 100,000 pounds of carbon dioxide each year. This is the equivalent of planting nearly 600 trees.
Solar panel systems can also help you earn LEED points, which can lead to certification from the U.S. Green Building Council. This credential can be a valuable marketing tool and can help you attract eco-conscious customers and tenants.
7. Solar Power Systems Are Easy To Maintain
Another benefit of solar power systems is that they are low maintenance. Once your system is installed, there is very little you need to do to keep it running. Solar panels are built to withstand the elements and can last for decades with minimal care. Most solar panel manufacturers offer 20-25 year warranties, so you can be confident that your investment will pay off in the long run.
Plus, many solar panel providers offer monitoring and maintenance services to keep your system running smoothly. This means that you can enjoy all the benefits of solar without having to worry about keeping up with repairs and maintenance.
Solar panels cost less to maintain than traditional forms of energy generation, like fossil fuel power plants. This is because solar panels have no moving parts and require very little upkeep. In contrast, coal and natural gas plants require constant maintenance and repairs to keep them running.
Take Advantage of these Commercial Solar Benefits Today
Whether you own an office building, retail space, or warehouse, going solar can be a great way to save money, control your energy costs, and improve your company’s sustainability. With so many benefits, it’s no wonder that more and more commercial property owners are making the switch to solar.
It’s hard to ignore the many benefits of solar power for commercial property owners. If you’re considering making the switch to solar, contact Intelligent Design today. Our team of solar experts will help you find the best solar solution for your business. We offer a free consultation, so you have nothing to lose. Give us a call today to get started!