Solar Energy is great for smart, innovative companies looking into a greener direction cut cost on their electric bill. Businesses use a large amount of power, typically have a high tax liability, and are eligible to receive a large amount of the system covered by the State Incentives, REAP Grant, and Tax Credit. All of these programs, for renewable energy, bring the net price of a system down to a fraction of the typical cost that would be paid to a power company.
Solar power systems could reduce or even drastically reduce your office building’s electric bill, meaning that for businesses, large or small, the annual savings turn into net profit that will have a tremendous impact on the growth and sustainability of the business. Having a solar power system installed is almost the equivalent to prepaying for nearly 30 years of energy but at a fraction of the cost of what you’re currently wasting on power. The cost per unit of your current energy costs is likely the same or even higher than it could be for solar power, which results in the further financial potential for businesses and savings.
Adding a solar system is an excellent way for small businesses to add value to their establishment, and cut cost on high monthly power bills while helping reduce CO2 emissions. Generating electricity from solar energy means your company uses less fossil fuel, reducing pollution and greenhouse gas emissions. By switching to solar power, your company does its part to fight climate change and to reduce our country’s dependence on foreign energy sources. But the benefits go further; being a sustainable business can not only reduce your operating costs but can also be a positive public relations and marketing tool. Research shows that a growing number of consumers make their buying decisions based on companies’ environmental responsibility.
Large corporations lead the industry with money savings from converting to solar power and with over 4,000 companies, totaling more than 2.5 gigawatts of solar capacity across approximately 7,400 solar projects, it’s a financial no-brainer for large corporation converting over to solar. “To leading companies across America, deploying solar is a common-sense business decision,” said Abigail Ross Hopper, president, and CEO of the Solar Energy Industries Association (SEIA). “Large corporations have found that going solar not only benefits the environment but also their bottom-line, satisfying both shareholders and customers alike.”
Government incentives, along with a decrease in solar equipment costs, catapults the utilization of solar power into a sound investment. Green energy is one of the best financial decisions for public agencies and businesses. Investing in solar power not only means that you will save money and increase the value of your business, but you are also investing in the local economy and the environment we all share.
Businesses planning on switching to solar can lower their current operating expenses, provide peace of mind against rising energy costs, and tap into the growing customer base that looks for environmentally responsible vendors that are focused on sustainable energy strategies.
