The most popular form of energy generation in the world is solar energy. It has overtaken wind, coal, and gas. A big reason for its growth is the number of businesses choosing to go solar.
But, does it make sense for your business?
If you’re not ready to commit to solar panels yet, keep reading. These are the top 5 benefits of getting solar panels for business.
1. It Saves You Money
Look at your utility bills from the past year. For many businesses, utility expenses are a significant part of their budget. Especially for small businesses.
When you use solar energy, you can say goodbye to those utility bills. You’re creating your own energy and thus, don’t need to pay anyone for it.
Although the initial cost of solar panels is substantial, you will save money on your monthly expenses.
2. You Can Deduct the Cost
Speaking of the initial cost of installing solar panels, many states offer credits and incentives for going green.
Solar subsidies make it possible for so many businesses to buy solar panels. Although they aren’t the cheapest option at first, you can deduct up to 85 percent of the initial cost.
And, you could be eligible for the Federal Investment Tax Credit which can be equal to 30 percent of the initial cost.
The government wants more businesses to invest in solar, so they’re making it affordable for you.
3. It Makes You Greener
Consumers today value companies that are greener than the competition. While this isn’t the only benefit of solar panels, it is an important one.
Your brand’s reputation grows stronger the eco-friendlier you are. By using solar panels, you can market your brand as an environmentally conscious business.
Not to mention the real contribution you’re making to the planet. By reducing our dependence on fossil fuels, we can slow down global warming.
4. It Requires Little Maintenance
One of the issues with traditional energy generation methods is the upkeep. When there are lots of moving parts, those parts will inevitably need service.
Solar power is the least high maintenance energy method out there. Think about it, it literally consists of a stationary panel and the sun.
You’ll spend less on maintenance which puts more money in your pocket.
5. Long Term Energy
What if your solar panels generate more energy than you need? This is the case for businesses in sun-soaked states.
Some have opted to store the excess energy for future use. Depending on the amount of solar energy generated, you could have 25 years of energy or more stored.
Another option is selling your excess energy to local businesses and residents. This source of energy can actually pay you for the energy generated.
Interested in Getting Solar Panels for Business?
Solar energy is an amazing way for businesses to save money, save the planet, and improve their reputations. Getting solar panels for business can also become a cash-generating side business.
If you want to learn about other businesses paving the way for sustainability, check out our Resources tab.