How Solar Energy Can Benefit Commercial Owners

Commercial solar energy systems are becoming increasingly popular as business owners recognize their many benefits. Not only does solar power help businesses save money on their energy bills, but it also helps to reduce their environmental impact.

In this article, we will discuss some of the ways that commercial solar energy can benefit business owners. If you are considering solar for your business, read on to learn more!

1. Financial Savings

One of the main reasons that business owners decide to switch to solar energy is the significant financial savings it can offer. Solar panels allow businesses to collect solar energy and convert sunlight to usable energy to generate their electricity, which can then be used to power the business.

This means that businesses can avoid paying high electric bills each month. Solar energy technologies have become increasingly efficient in recent years, which has helped to drive down the cost of solar panels. As a result, commercial owners can save significant money by switching to solar.

In one hour, the sun radiates more energy onto the Earth than humans have used in an entire year. This never-ending supply of energy is what makes solar power so appealing. The sun is a free and limitless energy source, making it the perfect choice for commercial owners looking to invest in sustainable practices.

2. Environmental Sustainability

Commercial entities are increasingly interested in sustainable practices, and solar energy is one of the most effective ways to reduce an organization’s environmental impact.

Solar panels generate electricity without emitting greenhouse gases or pollutants, making them a key component of any sustainable development plan. Commercial owners can significantly reduce their carbon footprint by switching to solar power and converting solar radiation into renewable energy.

Organizations can use solar panels to supplement or replace traditional sources of electricity, such as natural gas, coal, and oil. This is especially important as the world looks for ways to reduce its reliance on fossil fuels and combat climate change.

3. Enhanced Commercial Value

Solar energy can enhance the commercial value of your property. When you sell, potential buyers will see that you have invested significantly in renewable energy. This can be a major selling point, especially for buyers looking for eco-friendly properties. If you install solar panels on your commercial property, you may be able to increase the value by up to 20%.

This significant return on investment can make a big difference when it comes time to sell your property. Additionally, solar panels increase the curb appeal of a building, making it more marketable and valuable.

4. Tax Incentives

Commercial solar panel installation is also eligible for state and federal tax incentives. Incentives like the Investment Tax Credit (ITC) can cover up to 26 percent of the cost of your commercial solar panel system.

Energy-efficient property tax exemptions are often available as well. These vary by state, but they can exempt you from paying higher property taxes simply because your solar panel system has increased the value of your property. The most commonly used solar technologies, photovoltaic (PV) systems, are eligible for a five-year MACRS depreciation schedule. This means that commercial PV system owners can deduct up to 85 percent of the cost of their solar panel system in the first five years after installation. These tax incentives make going solar more affordable for commercial owners and boost the bottom line.

5. High Reliability and Low Maintenance

Solar panels are very reliable and require little to no maintenance. In fact, most solar panels come with a 25-year warranty. This means that once you have installed your solar panel system, you can rest assured knowing that it will continue to produce electricity for many years to come.

This is in stark contrast to traditional forms of energy generation, which require constant maintenance and upkeep. This benefit can save commercial owners a significant amount of money over the long term.

6. Corporate Social Responsibility

More and more, consumers are taking into consideration a company’s social responsibility when making purchasing decisions. By installing solar panels, commercial property owners can show their commitment to sustainability and being environmentally responsible. This can boost your business’s reputation, leading to more customers and repeat business. As we all know, happy customers are the key to a successful business.

These are just a few of the many benefits that commercial solar energy can provide. If you are a commercial owner, there has never been a better time to switch to solar power. With the help of our team of experts at Intelligent Design, the process can be quick, easy, and seamless. Contact us today to learn more.

Different Types of Solar Energy

Solar energy is changing the way commercial buildings are powered. Given how fast technology advances, it’s no wonder solar is becoming an increasingly popular choice for business owners. Here are four different types of solar energy:

  • Thermal solar energy – A thermal energy system captures the sun’s energy to heat water or air for commercial use. This type of system is often used in conjunction with conventional heating systems. Solar thermal systems can be used to supplement cooling systems in hot climates as well.
  • Photovoltaic solar energyPhotovoltaic solar energy is the process of converting sunlight into electricity. Solar panels are made up of many solar cells, which use the photovoltaic effect to produce electricity from sunlight. PV solar panels are a popular choice for commercial solar installations, as they are relatively simple and efficient.
  • Concentrated solar energy – Concentrated solar power (CSP), also called concentrating solar thermal (CST), uses mirrors or lenses to reflect and focus sunlight onto a small area. The concentrating solar power technology then converts sunlight into heat, which can be used to create electricity or hot water. CSP plants are usually built in desert areas because they require land and direct sunlight.
  • Water heating solar energy – Solar water heating systems work by using solar panels to collect heat from the sun and transfer it to a fluid, which is then used to heat water in a storage tank. The solar-heated water can be used for various purposes, such as washing dishes, taking showers, and doing laundry.
  • Conclusion

    Solar energy can benefit commercial owners in many ways. With the right system in place, commercial owners can see a decrease in their energy costs and an increase in their property value. Solar energy is also a renewable resource that helps to protect the environment.

    Contact us today to learn more about how your commercial property can benefit from solar energy. Our team of experts at Intelligent Design will be happy to answer any questions you have.