Why Should Businesses Embrace Solar Energy?
As a business owner, one of your primary concerns is to cope with rising inflation and increasing overhead expenses while trying to meet your organization’s energy goals. As your business grows and expands, you might seek strategies to cut your electricity prices and overall operating expenses to improve your bottom line.
For businesses seeking to attain their energy objectives, commercial solar panels can provide an effective solution. Solar energy is now more affordable than ever, thanks to a nearly 70% decrease in the average cost of solar panels since 2014. When combined with available solar incentives, solar power presents an excellent opportunity to lower your electricity bills and minimize your carbon footprint, contributing to a healthier planet. Not only can you save the thousands of dollars that you currently spend on traditional forms of energy, but you can also take control of your power and become energy independent. In this article, we will discuss why you should embrace solar energy for your business.
Major Reasons Why Businesses Should Embrace Solar Energy
Lower Electricity Bills
Every business needs electricity to run various appliances and equipment; thus, paying hefty electricity bills is one of the nightmares that all business owners must face. Business owners already spend hundreds of dollars on power bills, and these costs are going to rise as fossil fuels run out. Investing in commercial solar can help you solve this issue by dramatically lowering or eliminating your electricity costs and ensuring your energy independence.
Attract More Customers
According to one study, 55% of consumers are willing to pay more for environmentally friendly brands, and 84% say that poor environmental practices will drive them away from a brand or company. Customers worldwide are choosing companies that contribute to a more sustainable future, and going solar is one of the best ways to establish your brand as an eco-friendly company while maintaining a competitive edge in the market.
Solar Tax Credit
The Federal Investment Tax Credit provides business owners who have installed solar with a 30% tax credit, which will help the business recover their investment in their solar system faster. The ITC will now be 30% for systems installed between tax years 2022 and 2032. A 26%–30% rebate on solar energy is an excellent offer for businesses and makes for a much faster ROI period, increasing total savings over your installation’s lifespan.
No More Power Outages
Unexpected power outages can seriously hamper the operational activity of a business and even pose the risk of missing out on a great business opportunity. With a ground-mounted or roof-mounted solar installation, you never have to deal with or worry about unexpected power outages and can focus on growing your business. Consider investing in solar batteries to make sure you have backup power during the night and on overcast days.
Boost Your Property Value
Solar is considered a hidden asset for increasing commercial property value, and statistics show that properties with solar panels have increased value- by about 3% to 4% on average. If you plan to sell your property after installing solar, you will enjoy favorable market prices, so installing solar is a win-win situation for recovering your investment.
A Smaller Carbon Footprint
By adopting solar energy and opting out of conventional energy sources, you will make a wise investment in your business, and demonstrate a commitment to the environment. Choosing solar energy reduces your carbon footprint and contributes towards the common goal of a sustainable future. By using a clean energy source like solar, which does not release harmful chemicals or greenhouse gases into the environment, you are leading others to make positive changes today and in the future.
Empower Your Business with Our Cutting-Edge Solar Installation Services
Are you searching for a solar installation service that can help you embrace solar energy? IE Construction provides turnkey solar solutions for businesses, home builders, and buyers. Go solar today so that you can maximize your profit, attract environmentally-conscious customers and help us achieve a sustainable future.
IE Construction is dedicated to providing your business with the best solar equipment, materials, service, and pricing available in the industry. We offer fast, easy, and straightforward solar installation solutions. Click the link below to contact us today and find out how IE Construction can help your business make the switch to solar energy.