As business owners, a solar power system may seem like a risky business move, despite knowing that large companies such as Apple, Target, and Google switched to this power source. You may have also thought that it is not suitable for your business. Well, now, it is safe to say that you might want to consider solar power systems for your business because even smaller companies use them and reap great benefits.
Solar power systems are not only for bigger businesses anymore. Small or big, your business can capitalize on a solar power system’s benefits. Using solar energy for your business can be a good strategy and is definitely a viable option for your business. Here are the reasons why:
1. Solar power systems render you great ROI
When switching to solar power, you should consider it a business investment. Did you know that the ROI (return of investment) that you will get from solar power systems usually exceeds other business investments? Instead of saving money for other assets, you might want to consider spending it on a solar power system for its good ROI.
2. Solar power systems help reduce your business’s operational costs.
One of the best things about investing in a solar power system is that once they are entirely paid off, they will reduce your operational expenses, which will be translated to your sheets. Businesses usually get surprised when the installation itself can pay the initial investment throughout its lifespan.
3. Solar power systems allow you to control your energy expenses in the future.
Operational costs tend to go higher every year as resources also get more expensive; thus, your operating costs are unpredictable. But with solar power systems, you can predict or estimate future energy expenses because you have the energy source in your establishment.
Instead of not knowing what to expect next, you will have a glimpse of your expenses in the coming months. In addition, your energy expenses will definitely be reduced, making budgeting and forecasting easier for your team.
4. Having a solar power system will increase the value of your property.
Whether commercial or residential, establishments will increase their value once installed with a solar power system. Based on studies, establishments with this “add-on” sell faster than those that don’t have it. Because of the boom of renewable energy such as solar power, these solar panels will make your property more desirable for buyers and their ability to lower your electric bills.
5. Bonus depreciation and tax credits
Once you have installed a commercial solar power system, you might get tax credits from your state or the federal government. Solar power systems also have 100% bonus depreciation, so expect to have expenses deductions even during the first year of installation.
6. Solar power systems are not as expensive as before.
When they were still new, solar panels could scare off potential buyers due to their price. However, as technology advanced and variations were made, installing solar power systems costs 70% less than their cost during the last ten years. In addition to the cheaper units, rebates and state tax credits also help reduce the cost of the solar power system.
7. Solar power systems improve the flow of cash in your business.
A common misconception when installing solar power systems is that once you have your own solar panels, you are using all the energy it is getting for your establishment. Well, this misconception is inaccurate as you will still be connected to the grid even if you have solar panels. This is to assist you if the solar panels cannot provide enough energy for your property. But if you produce more energy than you need, this energy can be “bought” by the grid company.
Because of this feature, you can start to improve your cash flow. While reducing electrical expenses, you may also have additional income from giving excess energy to the grid.
8. Having solar power systems improves your brand image.
Many people are advocating for the green revolution, which includes the use of renewable energy for consumption. Moreover, customers have also become more conscious about their patronizing brands. So, you can leverage the fact that you are using clean energy to boost yourself in the market.
Having a solar power system will be tied to your business’s sustainability, which is a plus for customers. Every time you show how green your company is, you will definitely leave a good impression on your customers. Not only does solar energy help the environment, but it also helps improve the community’s views on your brand.
9. Solar power systems also support the local economy.
By partnering with local solar companies, you are also helping to boost your economy. Locals working in these companies will be the ones who will benefit once you avail their services.
With the increased demand for solar power installation nowadays, and with you adding to the demand, more workers are getting well-paying and high-paying jobs in the locality. Who knows, these workers may also be your future customers?
10. Solar power systems are highly reliable and low maintenance.
One of the best things about solar power systems is them being low maintenance. Solar panels are also stationary devices, making them less susceptible to damage.
The solar cells themselves are encased in protective, tempered glass with non-corrosive aluminum frames. These panels are designed to be exposed to extreme weather such as wind, hail, rain, and snow.
Photovoltaic cells in solar panels also break down rarely. And in case they do, solar panels have an extended warranty which can last for up to 25 years. This is considered an extended period, and you can also add more panels in the coming years.
Go for a solar power system for your business!
Gone were the days when solar power systems were for residential areas or larger businesses. With the perfect team to install your solar panels, you can definitely make it happen in whatever establishment you want to power with solar energy!
Suppose you are interested in installing a solar power system for your business. You can contact Spring Solar through their website. They can also provide you with a free estimate of their services. Just let them know through the contact section, and they will be happy to assist you in going solar!