Imagine if you could eliminate the energy bills for your business! Well, many businesses are doing just that with the power of solar on their side.
There may be many benefits of solar panel installation for businesses. However, in this short guide, we will run you five of the most prominent ones. The idea is to give you a clear argument as to why choosing solar is a no-brainer for your business.
For any SME out there that’s thinking about investing in solar, this short guide is for you. So let’s check out the benefits.
- Eliminate or Reduce Your Energy Bills
Yes, we mentioned it at the start of this post, and we’ll say it again. You can potentially eliminate your energy bills! Think of how much money you could save and then divert back into your business as a result of this.
Of course, there is an initial investment that you have to pay out to own this form of renewable energy. However, over time, you’ll realize that this technology pays for itself because you will be paying much less or even no energy bills.
- Reduce Your Carbon Footprint
Whatever your views are on the matter, by getting solar panels, you can reduce your carbon footprint by a significant amount. By doing this, you will project a positive and responsible image to customers, and potential customers.
It can even be as much as a selling point to consumers that you are an industry leader in carbon reduction. Plus, you may attract talent into your company that appreciates your renewable energy policy.
- Solar Panels Require Little Maintenance
After a panel installation company installs your panels, you won’t need to do much from then on. Solar panels may never need any maintenance whatsoever in their lifespan.
The only thing you may need to do on occasion is clean your panels. This may involve you wiping them down with a damp cloth. Or if there is debris on them, you might need to sweep it off to keep them working efficiently.
- Tax Credits for Businesses
You can take advantage of the Federal Investment Tax Credit (ITC) if you invest in solar panels for your business. Congress passed an extension of this back in 2020 that says you can claim a 26% reduction on systems constructed between 2020-2022.
It’s a good idea to move fast this too. If you plan to go green and install panels in 2023, you’ll get a lesser 22% tax reduction.
- Avoid Fluctuating Energy Prices
Even if solar panels won’t power all of your business, they still offer you a reliable way to avoid high energy prices.
For instance, if energy prices go up, you can try to use more solar energy in that period to reduce the financial impact of those prices. So solar energy is a great tool to create more predictable energy costs for your business.
If you’re interested to learn about a reputable panel installation service, we recommend Blue Raven Solar.
Solar Panel Installation Makes Sense
With strong tax incentives right now, and the potential for small or even no energy bills, solar panel installation makes sense for business. And, the initial cost of the panels will soon deliver an ROI when they pay for themselves, and then some.
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