Why Should Your Business Go Solar?
Switching to solar power for commercial properties offers numerous benefits, including substantial cost savings. Solar panels can significantly reduce or eliminate electricity bills, leading to long-term financial benefits. Additionally, businesses can take advantage of tax incentives and the potential to sell excess energy back to the grid, further enhancing their savings. Going solar also demonstrates a commitment to sustainability, which can attract eco-conscious customers and enhance a company's reputation while reducing its carbon footprint.
Businesses typically operate during the daytime, aligning with the peak power production of solar energy systems, making it a highly efficient and cost-effective choice for meeting their energy needs.
How soon will solar pay itself off?
Solar for commercial properties has a very quick return on investment. With utility companies constantly raising rates, you can hedge yourself from inflation and even produce free power for your business after solar has made its money back. We typically see the payback period somewhere between 3-8 years, especially after benefits such as the tax credit and MACRS depreciation.