Last Updated: March 26th, 2021 at 8:08 am
Read Time: 3 Minutes
Business owners left and right are currently contemplating the idea of adding solar. While making the switch is scary at first, it’s important to note that even small businesses can go green with solar energy. Not only is the price of solar panels at its lowest point in decades, but there are also many incentives that can’t be ignored.
The time to switch to commercial solar power has never been better. The benefits of commercial solar power far outweigh any possible drawback you can think of. Keep reading to find out if your business is ready for solar.
Your electricity operating costs are over 15%
Most businesses know their electric bill will be a considerable part of their operating costs. However, the average office building spends about 19% of its total expenditures on energy costs. That means, if you add solar, you can dramatically cut this expense and use that money to drive other initiatives.
Energy costs continue to escalate in your area
Unfortunately for business owners, there’s no way to control rising energy prices. The cost of electricity in the commercial sector went from an average of 10.58 to 10.89 cents per kWh between June 2016 and May 2019. While that doesn’t seem like a large number, it equals a 2.93% increase in three years. That’s 3 percent that you can’t put toward the rest of your business. Not to mention, in some states, the rates have increased even more.
By adding solar, your business will insulate itself from rising energy prices. This is key if you’re looking to control operating costs, giving your business more opportunities to invest in other elements.
Your business qualifies for local incentives
Certain businesses qualify for special incentives that make adding solar a no-brainer. While the specific incentives vary by business and state, speaking with a solar expert can help business owners find answers to their most common questions. Some of the incentives for business owners adding solar include:
- Rebate offers
- Utility-specific incentives
- Solar grants
- Renewable energy programs
- Local and federal tax incentives, including the Business Energy Investment Tax Credit (ITC)
There’s space for solar installation
Even if your business is ready to go solar, not having the right space can set everything back. Luckily, most businesses have more space for solar panels than residential homes. For example, commercial solar panels can be installed on rooftops, ground mounts or carports. This means most businesses can quickly adapt solar panels to fit their space and feed energy to their building or manufacturing equipment. Again, a solar expert will guide business owners in choosing the right type of commercial solar panels for their business.
You want to “go green”
This one is pretty simple. Your business has specific goals it wants to achieve and going green can be one of them. Many companies are choosing to go solar as a commitment to their neighborhoods and communities, not to mention the “go-green” movement reflects well on their reputation.
By adding solar, your business is substantially reducing greenhouse gas emissions, lowering its carbon footprint, and helping to contribute to a cleaner, greener environment that will be enjoyed by future generations. Improving your brand perception by adding solar also increases awareness and improves your relationship with employees and customers, since most are already looking to become greener through their own efforts.
When your business is ready to make the switch, you can count on a POWERHOME SOLAR expert to answer all your questions and help you navigate the process of making your business greener.