Using solar energy for your business is likely to provide a considerable number of benefits, especially when compared to more traditional sources of power. Commercial solar energy has been highlighted as the future of energy generation. A considerable number of people are already using residential solar panels in their homes, and now many businesses are embracing commercial solar energy as well. If you’re on the fence, then here are some of the benefits of commercial solar energy.
1. Access to Government Incentives
The Federal Government (and many states) have been highly involved in advocacy campaigns that are focused on increasing the number of solar panels in operation. To motivate business owners to use commercial solar energy, the government has been offering tax rebates and other benefits. Therefore, if you buy solar panels for your business, you can often take advantage of government incentives.
2. Reduce Energy Bills
The cost of electrical energy is continuing to rise. With solar panels of your own, energy costs will actually decrease. You will only be required to cover the upfront costs of commercial solar panel installation, after which you will be enjoying power generated on-site. Combining solar energy and effective insulation, you will be able to lower the cost of heating and cooling by more than 40%.
3. Improve Property Value
If you’re the owner of the building, you can increase its value by incorporating green technology. Trends have shown that a considerable number of commercial property buyers are highly interested in self-sufficient properties. With solar energy, your property will be energy self-sufficient, which can drastically increase the value of your property. The use of solar energy can even attract a considerable number of property buyers, after listing it for sale.
4. Reduce Business Expenses
Solar panels for businesses are very beneficial to the business as they help in reducing operational costs. Businesses operate with the motive of minimizing operational costs while at the same time maximizing their output. However, increased electrical bills go against the motives of the business. With the incorporation of solar energy, the business will seize from paying all the electrical bills, and that amount can be channeled on other vital areas of the company.
5. Reduce Greenhouse Gases
Your business has the responsibility of ensuring that its energy consumption does not inflict negative impacts on the environment. The use of renewable energy is one of the significant aspects of ensuring that the business acts responsibly and reliably. Switching the business to commercial solar energy is environmentally friendly and reduces greenhouse gases. Corporate social responsibility is an aspect that can help the business to attract more customers and investors.
6. Employee Retention
Recent studies show that potential and talented employees are evaluating the green credentials of their future employer. A business that actively participates in activities that are to harm the environment is not likely to attract and retain talented employees. Most of the workers will be interested in working in a company that is sensitive to the environment. Installing solar energy systems, therefore, will attract and retain employees in your company.
7. Positive Media Attention
Most businesses appear in the news for all the wrong reasons. However, you can use green technology to attract positive media attention for your business. Many major hotel chains, stadiums, and agricultural companies have generated positive coverage by announcing green energy initiatives. With commercial solar energy, media will promote your business as a green and environmentally friendly business.
8. Income from Solar
A business may even develop a new income flow by selling the excess solar energy to other users and the government. Government policy allows property owners with excess solar energy to export it to the main grid at an agreed rate. By exporting solar energy to the grid, you’ll be getting monthly income, which can be used to stabilize the business, especially when sales are very low.
Commercial solar energy is the future of business energy generation. A business owner who is interested in attracting employees, creating a positive vibe from the media, reducing the cost of operation, and getting some monthly income needs to start using solar panels as the primary sources of power.