Reasons Why Your Business Should Go Solar in 2018
by Abdul Aziz Mondal Green Business Published on: 09 May 2018 Last Updated on: 19 October 2024
Making a big change in business is always daunting – especially one that affects your overall expenditure.
But going solar is one of those business moves which carry far more benefits than risks.
So how is it good for your business and why should you consider the change this 2018? In this blog, we outline the solar paneling benefits for your business.
5 Reasons Your Business Should Go Solar:
As the saying goes, there’s no time like the present.
Brush off that old-school mentality and enter the league of smart business owners who are maximizing the benefits of solar panels for businesses.
With the right solar panel installers, you’ll find that your business is reaping the following rewards for going solar:
1. Cut Back on Operating Costs:
Every business owner asking the question ”why go solar?” should know that their electricity expenditure could be cut in half, or more, by making the change.
The costs of lighting, HVAC facilities such as air conditioning, self-storage etc. can chew into 19% of a business’s overall budget.
By installing solar panels your business simply draws energy from the daylight, and whatever isn’t used is sent back to the power grid.
Businesses can even receive credit from utility companies for helping them meet their energy demands. It’s a win-win really!
2. Increasing Electricity Costs:
Did you know that electricity costs within the business sector increased from 10.25 to 10.58 cents per kWh in 2017?
So not only are you chewing into a huge chunk of your business budget, but the amount is unstable. In fact, it is most likely to increase year by year.
Aside from increasing electricity costs, there are most likely other business costs which increase year by year.
By installing solar panels for businesses you can at least control this one aspect of your business expenditure.
3. Solar Energy Incentives:
Incentives for going solar? Yes, this is a real thing!
Your business can qualify for certain incentives and tax rebates in order to make the change to solar power more affordable and attractive.
Just some of the discounts you can utilize to make the switch to solar easier include:
- Tax rebate offers
- Solar grants from U.S Department of Energy
- Local and federal tax incentives, such as Business Energy Investment Tax
- Utility incentives
- Renewable energy programs
Never before has going solar been more affordable and accessible to businesses- no matter the size of your company.
4. Win Over More Customers:
No matter your industry, sustainability has become an object of focus on the agenda of many a business.
Therefore making the move to solar power puts your business at the forefront of your customer’s minds.
They see you as contributing back to both society and the environment, which in short, translates to the fact that you care.
Solar installations are a great way to promote and market your business, ultimately boosting your reputation and customer base.
5. Boost Employee Satisfaction:
Along with customer satisfaction, employees of today are far more attracted to businesses with a sustainability conscience. Both current and prospective employees will know that your business is both modern and aware of its carbon footprint.
Ultimately, this helps employees to feel committed and satisfied with the mission and outlook of your business.
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