Is it worth going solar?
2022-08-29Is it worth going solar?
You’ve probably noticed the influx of solar-powered businesses and may be wondering if commercial solar could benefit you. There are many benefits to commercial solar, not least of which is the excellent return on investment and savings you’ll make in the long run.
Electricity is one of the largest overhead costs a company faces- imagine being able to eliminate that. The fluctuations in electricity prices can add uncertainty to your cash flow management and business in general. Solar panels have dropped in price over the past decade and therefore are a smart investment for your business. By going solar, you’ll be reducing your business’s operating costs. According to EnergySage, you can cut your electricity costs by 75% when generating your own electricity during daylight hours. To put that into perspective, if you were to pay the average $1,950 per month for electricity, solar could bring that down to a mere $500. It may seem risky, but solar is an excellent investment for both small and large businesses. If you can afford the ever-rising prices of energy now, you can afford to go solar. You’ll no longer be subject to volatile price changes, and more importantly, you’ll be energy independent. Energy independence limits your dependence on your local utility company, which is likely to feel the strain of an overloaded grid. By going solar, you’ll ensure power to your company no matter what’s going on with the commercial grid.
Fostering client relationships is an essential aspect of successful business, therefore showing that you reflect your customer’s values is paramount. Running an environmentally conscious business will win points with customers and encourage others to choose you as their service or product provider. You’ll be promoting sustainability and helping the environment by lowering carbon emissions immensely, and proving that you really care about the future of the earth.
If you’re still worried about the affordability of commercial solar, consider business tax credits. For example, a significant portion of the cost of commercial solar can be recovered by the federal investment tax credit for commercial solar photovoltaics. You can recover 30% of the cost of your commercial solar panel system that is put into service during the tax year.
Fossil fuels are running out, a harsh reality that will come to a head in a matter of decades. The cost of fuel will rise exponentially as demand rises and the supply dwindles. The transition to renewable energy is inevitable, which is why it’s best to get ahead of the curve. Not only that, but solar is one of the simplest ways to generate renewable energy. Other sources of renewable energy such as hydroelectricity pose considerable challenges in terms of land usage and flooding.
Solar has become an extremely reliable source of energy. With no moving parts, impressive durability that can withstand a range of weather conditions from snow to hail to branches, and no noise pollution, solar is a source of energy you can trust. Solar panel manufacturers take care to stress-test their solar panels extensively, and failures are extremely rare. Solar panels are also covered by warranties, which you can enquire about upon purchase. Your commercial solar panels will provide you with power for several decades, or even more. Purchase solar from IE Construction today!
