In a world where consumers seek out environmentally responsible vendors, commercial solar makes you a more appealing partner with which to do business. It’s also becoming increasingly affordable to make this investment with government tax credits and property resale value. What are you waiting for? Here are the top reasons to choose solar.
1. Solar reduces your operating costs
Once you make the investment in solar panels, you’ll reduce the operating expenses of your business monumentally. In fact, solar makes it fairly easy to predict your energy bill each month. In the long-term, your solar system will more than pay for itself between the reduction of your utility bill and an increase in property value.
2. Solar increases property value
Properties with solar panels have higher average property values. Data shows that homebuyers across the country are generally willing to pay approximately $15,000 more for a home with an average-sized solar system. Similar sentiment applies to commercial properties as well. The value added back to your property – whether it’s a home, commercial building, or a farm – generally depends on the size of the solar system. So, ultimately the more solar panels you add and the more energy you create, the more your property value will increase.
3. Solar provides tax credits
The Solar Investment Tax Credit (ITC) has become one of the most important federal policy mechanisms to support the growth of solar energy in the U.S. The ITC is a tax credit for solar systems on residential and commercial properties. This commercial credit can be applied to both consumer-sited commercial systems and large-scale utility solar farms.
If you start commercial construction in 2021, you’ll receive a 26% tax credit. Act now to take advantage of these existing tax credits!
4. Solar has become increasingly affordable
According to the Solar Energy Industries Association, the cost of installing solar systems has dropped over 70% in the last 10 years. In addition to the federal ITC, there are also state tax credits and cash rebates that can help reduce the cost of installing a solar system on your property.
5. Solar improves your branding
Customers today want to know that they’re working with an environmentally-company. Go one step farther in “going green” by going solar. You’ll help protect the environment, power your business, and improve your branding simultaneously. Solar panels are a visual indication that you – as a company – care about sustainability.
6. Solar is highly reliable
Solar panels are designed to help you generate your own clean electricity for at least 25 years (often longer!). The solar cells are encased in tempered, protective glass that is framed by non-corrosive aluminum. Regardless of your environment, your solar panels can withstand the elements (rain, hail, wind, snow, etc.). While some light maintenance can help make them more effective, you won’t have to maintain them on a daily basis.
7. Solar is low maintenance
Because solar panels have few moving parts, they are often relatively maintenance-free and noiseless. If you install them on a commercial building, they’re often easily accessible for any cleaning you may need to do. They are also noiseless, which means you don’t have to worry about the panels disrupting your business in any way.