Top 5 Reasons Why Businesses Should Invest in Solar Energy

July 10, 2024

Investing in solar energy can be a great way for businesses to improve their finances, and it can also help the way they're viewed by potential customers, as well. If you haven't considered solar, now's the time to see what it can offer. Here are five of the biggest reasons for your business to invest in solar.

1. Big Tax Breaks

The federal solar investment tax credit (ITC) significantly reduces the cost of solar installation. It's designed to deduct a percentage of the system's cost from federal taxes, that that can mean big savings. Many states also have tax saving programs for solar, too.

2. Ongoing Energy Savings

Over time, a business that uses solar can save a lot of money on its energy bills, Especially for large businesses or those that use a lot of power, solar can be a great way to reduce the impact of energy bills on the company's bottom line. If a lot of your company's potential profit is going to the power company's bill every month, solar might be right for your needs.

3. Grid Independence

For businesses that need to keep running even if the power goes out, solar can be the right choice. You'll have far less dependence on the power grid when you have a solar system, so you can keep working though power outages and related issues.

4. Increased Property Value

If you want to improve the value of your business' real property you can do that with solar. Commercial properties that have solar installed have higher values when compared to similar properties without solar panels.

5. Net Metering

When your solar system makes more power than your business uses you can feed that power back to the grid. Utility companies buy this power, and that can mean a big savings off of any power you do need to use from time to time. It could even put money in your business' pocket.

There are some big reasons to consider solar for your business, and you can get a significant amount of value from it in most cases. Finding out if solar is right for your company is easy, and will give you the opportunity to advance your financial goals more easily, for a better long-term future.

It’s time for you to take full advantage of solar energy’s benefits. Contact us today to learn more!

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