The many commercial solar power benefits make installing a solar power system a smart investment for your business.
Reduced energy costs
Solar panels can help you save money on your energy bills by generating your own electricity. Commercial property owners can save up to 75% on energy costs by using solar power.
Increased energy independence
Solar panels can help you reduce your reliance on the grid, making your business more energy independent. This can be a valuable asset in the event of a power outage.
Improved public image
Customers are increasingly looking for businesses that are environmentally responsible. By installing solar panels, you can show your customers that you are committed to sustainability.
Increased property value
We know that solar panels can increase the property value of homes. Studies have shown that solar panels can increase the value of a property by as much as 4%. A study conducted by the National Bureau of Economic Research (NBER) examined the effects of installing solar power on homes. The research found that a solar power system added 3-4% to the home’s value and that the cost of installing a solar power system was less than the increase in the home’s selling price. The same is often true for commercial properties! This means that installing solar panels can be a wise investment for your business.
Tax credits and incentives
There are a number of federal, state, and local tax credits and incentives available for businesses that install solar panels. These can help to offset the cost of installation and make solar power more affordable. Currently, businesses can save 30% off the total cost of a solar power installation through federal tax credits. Businesses can also depreciate up to 85% of the cost of the solar power system.
Overall, there are many benefits to adding solar panels to your business. These benefits can include reduced energy costs, increased energy independence, improved public image, increased property value, and tax credits and incentives. Learn more by reading about The Top 10 Benefits of Solar Power!
If you are considering installing solar panels, schedule a consultation with our team to learn about solar power options for your commercial property.
There are many additional benefits of commercial solar power installations for businesses! In addition to saving money, providing energy independence, and increasing the value of your property, going solar can reduce the carbon footprint of your business and increase the sustainability of your company.
Reduced carbon footprint
Solar power is a clean and renewable energy source, so using solar panels can help your business reduce its carbon footprint. This is a valuable benefit for businesses that are committed to sustainability.
Improved employee morale
Employees often appreciate businesses that are committed to sustainability. Installing solar panels can show your employees that you care about the environment and that you are a responsible employer.
Enhanced marketing opportunities
Businesses with commercial solar power installations can often use this as a marketing opportunity. You can highlight your solar panels on your website, in your marketing materials, and even on your building. This can help to attract new customers and build brand awareness.
