You already know that solar panels are a great way to save money on your…
Do Solar Panels Work on Commercial Buildings?
Solar’s popularity is growing. If you drive around some neighborhoods, you will see solar panels on more than half of the houses in them. That is because solar is an easy way to make your home greener. It also increases your energy independence. However, many business owners wonder if solar is right for them. The good news is that solar panels not only work on commercial buildings but is a great way to reduce your company’s energy bills.
Business owners know that saving money is one way to increase profits. The less you have to spend on your expenses, the more profit you make. Installing solar can help you get those cost savings. However, solar panels for commercial buildings are not just about saving money. They are also a great public relations move and can increase your property value.
The number one reason that businesses go solar is to reduce their operating costs. Right now, you are having to pay for electricity. Depending on the size of your operation, solar could cover almost all of your electricity costs. You could even sell power back to the grid. For many businesses, this can mean a tremendous reduction in your solar costs.
If you combine your solar system with battery backup, you get additional benefits. Battery storage means you can use solar, even when the sun is down. That means you can have power, even when the grid has failed. It can provide you with the benefits of a short-term generator and a solar system at the same time.
Today’s consumers want cleaner, greener energy sources that do not rely on fossil fuels. Transitioning to a solar system can help solidify your reputation as a green, environmentally conscious business. You can use this in advertising, to establish your brand, or to reinforce your existing brand.
Getting commercial solar panels might also increase your property value. Over time, we have seen how solar panels are increasing the resale value of residential property. We are starting to see the same trends in commercial property. While you may not recoup the entire cost of your solar panels in a resale, it adds to your financial benefits.
It is easy to see why so many companies are going solar. Reduced operating costs, consumer goodwill, energy independence, and increased property value are all big benefits. Plus, with available tax credits, now is a great time to make the switch.