You may have considered switching to solar panels for your business, but put off the decision, thinking the time wasn’t quite right. Or maybe you heard about Fortune 500 companies switching to solar power, but thought it might be risky for your business. Maybe it is on your to-do list, but other priorities have put it on the back burner.
There’s no time like the present to change that way of thinking. Look at your bottom line and the effect solar power would have on it, and join the ranks of smart businesses and organizations who have saved money by switching to commercial solar power. Businesses of all sizes can benefit from installing commercial solar panels.
The conversion of the sun’s energy into electricity using photovoltaic cells has been around since the 1950s. But it has not been until recently that solar energy has become affordable for businesses because of increased solar panel efficiencies and government tax credits.
The return you get on your investments is critical. ROI is a pretty good measure of the value of an investment, but, the Internal Rate of Return (IRR) is better. IRR not only incorporates the future value of money but also factors in varying cash flows, in and out.
Commercial projects can be a huge asset for your business, with IRRs ranging from 15% to 22%. Very few capital investments have returns this high. Federal tax credits can pay for 30% of your system, state tax credits or utility incentives can account for 15-20% of your system, and 100% bonus depreciation and possible government grants will lower your cost further. These things can save you between 30-60% on the cost of your system, depending on location.
Depending on your energy usage and the space that can be allocated for solar panels, our clients have seen:
Your customers want you to be green. Apple was among the companies shamed into not being green, and it built a solar farm in Maiden, NC as its response. A solar array on your roof not only makes a big impact on your bottom line, but it also makes a huge impact on your customers and gives your green initiatives the street cred they deserve.
Make your roof work as hard as you do. It’s great for protection from the elements, but by switching to commercial solar panels, you can turn your roof into an electric generator.
If you don’t have enough space on your roof but have plenty of acreage, a ground-mount system can give you the ultimate in IRR. A ground-mounted system is installed in an open area and can be installed wherever conditions are best for solar energy generation. The panels are easily accessible for maintenance.
If a rooftop installation is not right for your business, and you don’t have a lot of acreage, you can always consider carport commercial solar panels. If you have a parking lot, that large asphalt area can provide a lot more than some parking spaces. Not only will you increase your ROI by generating electricity, you’ll also score some cool parking spots and provide weather shelter year round for employees and guests.
We use Tier-1 monocrystalline panels that provide greater efficiency and aesthetics for your business. Commercial solar power uses larger solar panels that are 360 watts and have 72 cells. As with our residential solar panels, we use American-made materials and products.
Fill out the form to see if your home qualifies, and one of our energy experts will contact you shortly.
Get started with POWERHOME Solar today!