All around the world, commercial and industrial companies are exploring the benefits of solar power for businesses to improve energy efficiency and reduce their carbon footprint. So, what are the pros and cons of solar energy for commercial buildings?
Transitioning your business to a solar power system is an important decision. Understanding the benefits of commercial solar power can help you evaluate your options.
Solar Systems Allow You to Do Your Bit for the Environment…
Unlike traditional methods of generating electricity, solar energy doesn’t cause pollution. Traditional electricity production results in an estimated 25% of total greenhouse gas emissions in the United States. However, each kilowatt-hour of solar power decreases CO2 and other hazardous toxins. By converting to renewable energy, your business can reduce its carbon footprint and help slow climate change.
…But Solar Panels Aren’t Just for the Environmentally Conscious
It’s simple: solar power is cost-effective. A solar panel system is a low-risk investment. Instead of paying monthly energy bills for a consumable, you can invest it in solar panels that can slash your energy costs and even earn energy credits.
How quickly your business recoups its investment depends on a few factors:
- Electricity usage
- The size of your solar energy system
- Local utility rates
- The total amount of energy your solar panels generate
You Could Be Saving Thousands…
Find out how much you should be saving right now with a solar system.
Commercial Solar Benefits Include Tax Credits
To encourage solar for commercial buildings, the government offers several (state and federal) tax benefits and incentives. When your business installs solar panels, you qualify for the Solar Investment Tax Credit (ITC). This program grants a 26% federal tax credit for solar panels installed by the end of 2022.
In addition to the ITC, businesses that install solar panel systems are entitled to accelerated depreciation and the depreciation bonus. Equipment depreciation deductions for businesses are typically spread out over the product’s lifespan. However, business owners can recover the costs of installing solar panel systems at an accelerated pace.
With the push to go green, many states and counties offer incentives as well. These include tax breaks and rebates for commercial solar installations. Such incentives assist in offsetting your company’s expenses and recovering your investment at a faster rate. Talk to an experienced commercial solar provider today to find out what benefits your state is offering.
Going Solar Eliminates the Uncertainty of Electricity Prices
Fluctuating electric bills can make judging cash flow and operating expenses very difficult, can be hard to predict. Instead of working in uncertainty every month, solar power systems can give your business stability.
Since most monthly solar bills are fixed, your company will be locked into the same rate. Solar power is an investment that will help your business meet its bottom line.
Solar Panels Reduce Dependency on the Power Grid
Solar panel systems are self-sufficient. Since solar energy systems are self-contained, your business can reduce its dependence on the local power grid. If the power goes out due to a weather event, your company will still have a reliable electric supply. Unlike your competitors, you’ll be able to keep your business operating throughout power interruptions.
Commercial power failure is a relatively common incident. For many industries, these lapses are detrimental. A solar panel system alleviates these disturbances. Going solar gives your energy sources independence from your local provider.
A Big Benefit of Commercial Solar Energy: Improving Corporate Image
Solar energy is a sustainable renewable energy source. When your business commits to going green, you publicly demonstrate your concern for the environment. Doing so distinguishes your brand from your competitors. Switching to solar energy for your commercial building makes a positive impression on your employees, shareholders, client base, and potential customers.
Additionally, switching to solar gives your business the ability to set an example for other companies that have yet to invest in sustainability. Joining this global movement showcases your business as an industry leader, paving the way for the future.
A Commercial Solar Panel System Can Benefit All Businesses
Solar panel systems aren’t just for big corporations anymore. These days, solar systems are accessible to businesses of all sizes. Whether you own or lease your building, you can get solar energy for your commercial building.
Are There Any Downsides to Solar for Commercial Buildings?
Like any major decision, there are some downsides to going solar that deserve consideration. For one thing, solar energy systems come with an upfront expense. However, this is mitigated by lucrative financing terms (which we’ll find for you) and significant tax incentives.
Another consideration is that solar panels require some maintenance, but it’s typically minimal. Solar panels contain no moving parts, making it unlikely your equipment will need replacement during its lifetime. At Airis Energy, we provide comprehensive maintenance, both preventative and corrective for 20 years, so you never have to worry about your solar power system.
Take Advantage of Solar Power for Commercial Buildings and Save From Day 1
The benefits of solar power for businesses are significant for businesses of all sizes. Although no two companies are the same, energy solutions can be accessible to everyone. There has never been a better time to switch to solar.
At Airis Energy, we provide energy-efficient solutions for residential and commercial properties. Book your free on-site consultation today to find out how much your business can save with solar energy.