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Should Your Business Switch to Solar?

mtempleton
Sat, 23 Sep 2017 17:09:44 GMT

From the discounts and tax benefits to the customer and employee satisfaction, see why it pays to take your business or nonprofit green with solar energy. Every business owner and nonprofit manager wants higher profit margins and lower operating costs. But what’s the biggest or most unpredictable expense many businesses would like to get rid of? If you said the electricity bill, a light bulb may have lit up over your head. Replacing your traditional energy provider with solar power will shrink or eliminate your electricity bills, fact. But will your company earn a strong enough ROI to make switching to commercial solar worth it? From the financial discounts to the environmental impact, commercial solar offers a proven way to not only reduce your energy costs, but deliver profound business returns too. Let’s make sure you’re not missing out on the mega savings solar energy has to offer your brand or nonprofit. Your business or nonprofit is ready to make the switch to solar power if: 1. You’re Paying More than 15% of Your Operating Costs in Electricity The proverbial co st of keeping the lights on is high, but not as expensive as HVAC costs for heating and air conditioning giant office buildings, self-storage facilities, packing operations, cold storage facilities, etc. The typical office building spends 19% of their total expenditures on energy costs. So think about your business’ average monthly electric bill. Now think about cutting it in half or completely getting rid of it with solar energy. You know how solar energy works, right? Solar panels installed on your commercial, agricultural, or industrial property will capture sunlight during the day and transform that energy into usable electricity to power your business, farm, or facility. Whatever energy your business doesn’t use gets sent back to the power grid to be shared with other businesses. Since you’re helping the utility company meet their energy demands, they’ll credit your business’ account like a payment for your solar-generated electricity. 2. It’s Hard to Find Money in the Budget If you’re working for a startup, lean manufacturing business, nonprofit, or government municipality, you know how difficult it is to squeeze two pennies out of a nickel. Between not having enough customers to not having enough grant funding, endowments, and pledges, your budget is constantly stretched to the max. Investing in solar energy is a low-risk upgrade to keep your operating costs slim, which means you can continue to take care of your business or the causes that matter. Now you don’t have to make a huge, upfront financial investment to install solar energy on your property. 3. Your Electricity Costs Continue Escalating Right now you’re paying for electricity that could (and will) increase every year. In fact, the cost of electricity in the commercial sector went from an average of 10.25 to 10.58 cents per kWh between May 2016 and May 2017. Though that doesn’t seem like much, that’s a 3.2% increase. How many other aspects of your business have jumped in price that much? When you’re trying to control costs from every corner of your operation, increases like this tip the scale out of your favor. But switching to commercial solar always guarantees a predictably low energy bill. Eliminate your electric expenses will solar panels your business owns or lease your solar panels and only pay a discounted rate for electricity. Either way, solar power means you’ll have one less expense to worry about every month — especially if your industry is already battling too many costly variables. 4. You Qualify for Special Solar Energy Incentives Certain businesses will qualify for specific incentives and tax rebates to make going green more affordable. There are so many programs to help cut the costs of switching to commercial solar, such as: Rebate offers Utility-specific incentives Solar grants from the U.S. Department of Energy (DOE) Renewable energy programs Local and federal tax incentives like the Business Energy Investment Tax Credit (ITC) Snag a few of these discounts for your solar energy installation and you’ll start paying off your system before you generate a single kW. Go ahead and humble brag. It’s going to be good for your business. 5. You Want to Increase Awareness for Your Brand and Improve Your Reputation The appeal of going green isn’t going anywhere soon. Installing solar panels shows your commitment to bettering your neighborhood and community, not to mention your go-green attitude to protect the environment. Every kW of solar power installed reduces greenhouse gas emissions, lowers your carbon footprint, and helps get rid of carbon dioxide in our atmosphere. These are all marketable points you can use to advertise your brand or nonprofit.