
Energy costs are draining countless businesses throughout the United States, and this has a lot to do with utility costs skyrocketing throughout recent years.
If your business is seeing profit cuts due to energy expenses, it could make sense to invest in commercial solar panels in order to transform your company’s environmental impact and financial future.
It’s normal for business leaders to be confused about the ROIs associated with solar panel investments, so below we’ll be delving deeper into some of the top reasons why businesses can greatly benefit from solar panels!
Reasons Why Commercial Solar Panels Could Be A Good Investment For Your Business
If you’re a business leader who’s is curious about the many benefits of commercial solar panel investments, you’ll be happy to know that there are many different ways that this renewable technology can bolster your company’s finances and industry position.
Let’s explore some of the top reasons why solar power is an attractive investment for business teams of all sizes:
Substantial Energy Cost Savings
Your business will start seeing noticeable energy savings from day one with commercial solar panels, and most companies see upwards of a 75% decrease in their monthly electricity bills when they make the switch from traditional fossil fuels.
These savings are particularly large for businesses that use a lot of energy each day, including warehouses, manufacturing facilities and retail locations.
And these savings can subsequently be reinvested into other parts of your business, including equipment upgrades and new hirings.
Incredible Solar Energy Tax Incentives
Here in the United States, there are many awesome tax incentives associated with solar panel investments. This is particularly the case for businesses and commercial properties that are known to utilize a ton of energy.
Some of these popular tax incentives include:
- Local utility company incentives & rebates
- Solar renewable energy credits (SRECs)
- MACRS depreciation
- Property tax exemptions
- Solar equipment tax exemptions and credits
Enhancing Your Company’s Energy Dependence
Another major benefit of commercial solar panel investments is the general convenience associated with relying on your property’s very own energy source.
It’s possible to transform your business property after a solar panel installation, because you’ll transition from being an energy consumer to an energy producer.
This means you won’t be prone to utility rate hikes, grid outages, and all sorts of energy market volatility.
Environmental Leadership & Marketing Opportunities
When your business reduces its carbon footprint via solar panels, you’ll be able to showcase your environmental leadership to stakeholders and customers.
This can be a powerful marketing strategy that sets your business up as a green company, which is a renowned distinction that a lot of people want to support!
Minimal Maintenance Requirements
Commercial solar panels are incredibly durable, and most systems don’t require much maintenance at all for long periods of time.
Solar panels are designed to last for decades with minimal intervention, which allows business leaders to rest assured that they’re receiving eco-friendly benefits while not needing to spend extra cash on upkeep.
Reliable Backup Power For Your Business
Today’s solar panel installations also include extensive battery storage systems, which can be invaluable when power backups are needed.
This type of energy security can protect business properties that rely heavily on things like:
- Refrigeration units
- Data centers & computer systems
- Security systems
- Manufacturing equipment
- Emergency lighting
- And much more!
Improving Commercial Property Value
Commercial properties featuring solar panel systems are known to raise in value by upwards of 10-15%, which can be significant depending upon your property’s existing value.
These property value increases stem from everything we listed in the above sections, so it’s important for business leaders to remember that the initial costs of solar panel installations are offset by the benefits and property value increases that come with these installation services.
Is Your Business Suffering From High Energy Costs? Consider Investing In Commercial Solar Panels!
There’s a lot that business teams need to keep in mind regarding energy costs, and it’s no secret how countless companies of all sizes are currently struggling within today’s volatile energy marketplace.
But the good news is that commercial solar panels offer a way off the proverbial business hamster wheel, and entrepreneurs all across the country are raving about how these renewable investments are transforming their business practices in far more ways than just reduced utility costs!