Have you thought about investing in a solar energy system for your business? You’re not alone. The US already receives 13.5% of its energy from renewables, which is a dramatic improvement in recent years.
Without a doubt, solar is the easiest way to get started, and it can offer plenty of unique benefits. Let’s talk about some of the most important industrial solar energy systems advantages for business and see if they’re right for you!
Industrial Solar Energy Systems Advantages For Business
Solar has plenty of environmental and monetary benefits. Before we discuss how to install your new commercial solar system, let’s talk about some of the advantages for your business and your wallet!
1. Return on Investment
Let’s talk business. The bottom line here is that you’ll earn a return on your investment over time. Solar panels can reduce or even eliminate your electric bill.
If you use large, industrial heaters, appliances, or even warehouse lighting, it’s likely your electric bill could use it!
To overcome the most common objection here, yes, solar panels can eliminate your electricity bill, even if you run your equipment at night. In most states, utility companies are required to offer you credits for every kWh of electricity your solar panels generate, which will turn over and apply to the winter, nighttime, and more.
2. Tax Incentives
Thanks to the Inflation Reduction Act of August 2022, businesses and individuals can now receive up to a 30% rebate on their federal taxes just for investing in clean energy. Not only will you see a return, but you’ll get up to 30% refunded on solar panel installations, fuel cells, EV chargers, and heat pumps!
Not only that, but you can also receive plenty of state and local tax incentives, depending on where you live. These incentives can quickly add up and help you reduce or eliminate your tax bill. What other investment lets you do that?
Also, these benefits are set to expire, especially at the state level. Federal benefits will expire completely within a decade, and benefits will begin to decrease in a few years. If you are interested in maximizing your tax benefits, now is the time!
3. Attracting New Customers
Did you know that 51% of Gen Zers actively choose to shop with brands that align with their values? The numbers aren’t that different for Millennials or even Gen X, and the vast majority of these generations want more investments in clean energy. If you have a younger target demographic, or if young people are in your target audience at all, this is a no-brainer!
The best part is that solar isn’t a polarizing topic, so it’s not as if your brand is “taking a stand” one way or another. Nobody can blame you for making sound business decisions!
4. Reducing Overhead Costs
If solar panels can reduce or eliminate your energy bill, then they will reduce your overhead costs dramatically. Energy bills can increase year after year, even if you use the same amount of power.
Conversely, solar panels require little maintenance, and they last for decades. Meanwhile, they produce as much free energy as they can.
This is especially helpful for sustaining your business in the long term. If you plan to pass it down to the next generation or resell the business, reducing overhead costs will help improve the value of your company.
5. Energy Independence
We can all agree that the less dependent we are on our local utility monopoly, the better. They raise their rates almost endlessly, slap on fees left and right, and you simply can’t rely on them in the long run.
Moreover, solar panels are the easiest and most affordable way to transition toward energy independence. This is another factor that can add value to your company as well!
6. Environmental and Health Benefits
We can’t talk about solar without mentioning the importance of the planet we all share. Solar panels make our communities, towns, states, and planet more livable, and we’re running out of time to make the changes necessary. We all need to do our part to transition toward green energy solutions, and solar panels are among the easiest switches we can make.
On top of that, switching from fossil fuels can even improve workplace safety. This is especially true if you use generators or other fossil fuels close to the workplace, as these pose carbon monoxide risks, which hospitalized over 50,000 people every year. Believe it or not, the WHO even suggests that 99% of the world breathes in toxins from fossil fuels daily.
How to Get Industrial Solar Panels
Commercial solar is different from residential solar in scale and installation. Your electrical circuits at your business are likely different from the ones you have at home. You may also have a different roof, energy needs, and access to sunlight.
For these reasons and more, it’s essential to hire a company with experience in commercial solar-powered systems. Fortunately, just like with other investments, a larger scale can save you money! When you purchase a commercial solar system, you will spend less per kWh than you would at home.
Upgrade Your Energy System Today
Now that you know some of the most important industrial solar energy systems advantages for business, you can make an informed decision about what’s right for you! Solar energy is here to stay, and it’s only improving over time. Investing now could only maximize your benefits!
Stay up to date with our latest solar energy news, and don’t hesitate to contact us with any questions!