You’re a business owner. You’re always thinking about how you can grow your business and increase your bottom line. One way many business people have considered is increasing their business performance by harnessing renewable energy. Now is the time to utilize solar energy. Over the past five years, solar panels have become much more affordable, making the initial cost of installing a system much more feasible. There are a number of reasons why solar panels are a great way to improve your business.
The most obvious way in which solar panels can help businesses is by reducing the cost of the monthly electric bill. Installing solar panels allows businesses to create their own electricity. Depending on the size of your system and amount of electricity your business uses, you can greatly reduce or even eliminate your monthly electric bill entirely. The savings you receive every month by installing solar panels will pay for the system itself; it will continue to save you money long after the panels are paid for. Add to those savings are the costs avoided as energy rates increase.
Take advantage of tax incentives associated with renewable energy. One of these incentives is a federal tax credit that allows businesses a rebate for 30% of the cost of your solar panel system. Depreciation is another tax incentive that can be used to make the investment in solar easier for your business.
Investing in solar is also good for increasing the value of your property. Solar power systems not only increase the property value of your building, but they may also increase the speed of a future sale. Unlike other additions or improvements on your building, the addition of solar panels will not increase your property tax.
Solar panels are a great investment for businesses from a financial perspective, but they are also a huge value-add for your company. “Examples abound of businesses that have won large contracts due to their solar investments – buyers love products and services that are sun-powered!” Thus, switching to solar energy is a great way to attract new customers and to keep your current customers coming back. Today’s customers are interested in sustainable, eco-friendly business practices. Showing customers and potential clients that you’re committed to reducing your carbon footprint and creating a more sustainable business can have a significant positive impact on sales and customer experience.
