Solar panels are not only beneficial for residential homes; they can also be a marvelous investment for commercial buildings. A typical commercial building uses an average of 22.5 kilowatt-hours per square foot of space. It may not seem like much, but these buildings may be spending more than they should on electricity.
With the steadily rising cost of fossil fuel energy and the ongoing threat of climate change, now is the best time to switch to renewable sources. If you’re still not convinced, here are the benefits that solar power can provide for your business:
1. Reduced overhead costs
Reducing costs is the most important reason why business owners want to switch to renewable energy. However, some are still hesitant to contact their local SunPower solar panels dealer in fear of the costs.
Although installing solar panels on your building will require a sizeable investment, the savings from then on are worth the initial dent in the wallet. Not only can you save money from renewable energy, but you can also gain additional income for the excess energy that you generate.
The prices of traditional sources of energy fluctuate from time to time, which makes financial forecasting a little bit challenging for businesses. But with solar power, you won’t have to worry about price fluctuation again.
3. Tax breaks
The federal tax credit program states that you can deduct 30% of the cost of installing solar panels on your building, including materials, equipment, labor, and the solar energy system itself. The program has been extended through December 31, 2020, for commercial buildings.
4. Eco-friendly reputation
Installing solar panels on your place of business can earn you green credentials, which you can use as part of your marketing program and promotions. Since more consumers are showing a preference for sustainable companies, switching to renewable energy can expand your market to great lengths.
5. Property value
If you were to sell or rent your building out in the future, a solar power system could increase the value of your property. Moreover, it will add to the appeal of the building when potential renters or buyers see that it can produce its own power supply.
6. Low maintenance
Solar panels require relatively low maintenance, which also translates to lower expenses for your business. At the very least, you need to clean your solar power system once a year to maintain peak performance.
If you purchase a good quality solar panels system, you can expect it to last for at least 25 years or more. And since the sun isn’t going anywhere anytime soon, you can have renewable energy for as long as your system permits.
8. Carbon footprint
Actively reducing your carbon footprint is an excellent contribution to conservation and sustainability efforts for the environment. Besides the financial and marketing benefits that solar panels can provide, you are probably helping save tons of fossil fuels each year.
Switching to renewable energy has a multitude of benefits for your business and the environment. If you are still hesitant about making the switch, these benefits should convince you to check out the solar panels offered by your local dealer soon.