Installing solar power systems might seem like a significant investment initially, especially for businesses in commercial spaces, but they can provide multiple advantages in the long run.
Energy savings from solar can be substantial for businesses. A recent market data study found that the average commercial property owner in the United States can reduce their overall energy costs by 75% by going solar. The study also states the average commercial property owner pays around $1,950 a month in electric bills before solar, and around $500 after installation is complete.
Installing solar power systems for your business also creates a free source of electricity in the long run. Businesses are able to pay off their solar panel buying and installation costs within 3-7 years, but the real benefit begins after the system is paid off. Your business can expect to see a free electric supply for the next 25-35 years, the lifetime of the solar panel system.
Owners of newly installed solar systems also qualify to receive a federal tax credit that could equal up to 30% of the cost of the solar power system, and several states also offer tax credit incentives. Businesses can deduct up to 85% of their solar investment in the first year due to accelerated depreciation. This helps to significantly offset the upfront cost of the solar power system.
Generating electricity from solar energy means your company uses less fossil fuel and non-renewable resources, which reduces pollution and greenhouse gas emissions. By switching your business to solar power, your company is participating in the fight against climate change and to reduce our country’s dependence on foreign energy sources. Being a “green” sustainable business doesn’t only reduce your operating costs but can also be a positive public relations and marketing tool. Research shows that a large percentage of consumers make their buying decisions based on the companies’ environmental responsibility.
Commercial solar power systems makes great business sense. You have the ability to lower your current operating expenses and protect your business against rising energy costs, and tap into the growing customer base that look for environmentally responsible companies that are focused on sustainable energy and environmental responsibility. Give Revo Home Solutions a call or head to our website to find out how you can make the eco-friendly transition today!