As a business owner, you may have thought that switching to commercial solar panels for your business is considered a high-risk.
You have probably heard about large companies such as Google, Target, Apple and more adding solar, but felt it was not feasible for your business. It’s time to get rid of that thinking. Many business owners are adding solar and reaping the rewards.
Solar isn’t reserved just for big companies anymore. Businesses of all sizes can capitalize on the many benefits of adding solar power.
Key Benefits of Commercial Solar
There are several advantages to installing solar panels on a commercial building. Besides using a renewable energy source like the sun, you’re going to get an excellent financial return on your investment over a relatively short time.
Solar technology is now an affordable alternate energy option. It’s also a completely dependable and reliable electrical system. That includes being a cost-effective primary electrical source as well as an economical backup power provider.
Solar energy has become a strategic decision that has proven to have numerous benefits for your business.
1. Solar power gives you a great return on investment
When thinking about switching your commercial building to solar power, consider it an investment, not an expense. The return on investment you get from solar power often exceeds that of most other investments in terms of the money your business saves over the years.
2. Reduces your operating costs
Like every business owner, you want to cut overhead costs. Business overhead includes many expenses outside of wages and operational materials. In managing a business, you have to pay for supplies, insurance, property maintenance and utilities. One major overhead expense that you can reduce is your electric energy costs.
Once your commercial solar panels are paid off, they will reduce the operating expenses of your business, which will cascade through your business’ balance sheet. Businesses will find that their cost to install their solar project will more than pay for itself over the lifespan of the solar system.
Consistent energy supply is also vital for every business. Depending on your office or facility, you’ll use electric power for more than just lights. You might have electric heating and AC systems as well as machinery or equipment powered by electricity. Every electrical device demands its share of energy. There’s only so much you can do to make a device electrically-efficient, so the challenge is to reduce your overhead cost of power.
3. Control future energy bills
Predicting operating costs can be difficult since you often don’t know what the future will bring. But predicting your electric bill becomes pretty easy once you add solar panels. Instead of facing unpredictable and wildly fluctuating energy bills, you’ll know what to expect each month with a commercial solar panel system that dramatically reduces your energy costs. Your budgeting just got easier because you won’t have to worry about rising energy prices.
Switching to solar power is a big step. There is no doubt that solar power will reduce your electrical bills by a significant margin. As reported, the average business reduces its electrical overhead by three-quarters. That starts immediately after converting to solar power and continues at that rate for the rest of the system’s life.
4. Increase your property value
Homes and commercial buildings that have solar panels can have higher property values and sell faster than those that don’t, per multiple studies. And that is not likely to change. With the solar revolution gaining steam, adding commercial solar panels figures to make your building more desirable. If you have lower electric bills, that’s a boon for any business owner.
5. Improves your cash flow
Once you have your commercial solar panels installed and hooked up to the energy grid, you start to save with lower energy bills each month. When less money goes to the power company, you’ll have more cash on hand once your panels are paid off.
6. Improves your brand with a greener image
One of the great things about commercial solar panels is how you can market your commitment to clean energy to your customers. This sends a positive message about your dedication to sustainability and the environment. Every time your employees, customers, shareholders, neighbours and others know that you’re going green or see the panels for themselves, you’ll be making a great impression.
Going solar not only helps protect the environment, but it also can affect how everyone in your community views your company.
7. Supports the local economy
When you contract with a solar panel installation company such as Solar Power NI, you are boosting the local economy. Workers in the local market complete the installation. And, increased demand for solar panel installations increases the availability of high-quality, well-paying jobs. Those workers are likely to be your current and future customers.
8. High reliability and low maintenance
Commercial solar panels are virtually maintenance-free and noiseless. In most cases, the structure of commercial buildings makes them easily accessible. The solar cells are encased in tempered, protective glass, framed by non-corrosive aluminium. They are built to be exposed to the elements and can withstand rain, hail, wind, and snow – just about any weather-related threat you can think of.
In general, the photovoltaic cells that make up the solar panels very rarely break down. Even if they do, our solar panels come with a warranty, which means that once you add solar panels to your commercial building, you will generate your own clean electricity for at least 25 years or more, from a system that is just as functional and probably more reliable than the utility company.