In the last decade alone, the use of solar power has increased by over 42%. This is thanks to federal policies like solar tax credit and the increasing demand for affordable energy across the private and public sectors. Every year, more and more businesses are switching to solar power.
Here are some of the compelling benefits of switching to solar you don’t want to forego.
1. Reduce Operating Costs
It’s expensive to run a business when paying hefty monthly energy bills. Switching to commercial solar for your business is one of the cost-effective ways to reduce your costs. Your business will start saving up to 30% on energy expenditure as soon as you install your solar panels.
As a result, this ROI-efficient investment will ensure higher profit margins for faster business growth.
2. Protect Against Changing Utility Rates
Switching to solar for your business will reduce and end your exposure to long- and short-term rising electricity rates. The higher the prices rise, the more money you’ll save.
By securing a set energy rate with solar, you can remove the volatility of your utility bills and treat them as a fixed expense, resulting in a stable and predictable balance sheet.
3. Environmentally Friendly
When you use solar energy to generate power, you reduce greenhouse gas emissions and pollution. Your business will be among those helping to combat climate change and decrease the community’s reliance on external energy sources.
You can also tap into the growing consumer base that is looking for environmentally conscious vendors who focus on long-term energy solutions. An increasing proportion of consumers make their purchasing decisions according to a business environmental responsibility.
4. Fewer Power Outages
Power outages are common with traditional energy sources, and they can cause major downtimes for your business. Using solar energy reduces your chances of experiencing outages to almost zero. This ensures you don’t miss deadlines and critical meetings.
5. Versatility
Solar panels ensure you don’t have to depend on one source of energy. Solar integrates with other types of renewable energy for added value and convenience.
For example, solar panels can be combined with ground heat pumps to provide full-scale heating and air conditioning without consuming a lot of energy. Solar energy is also used as a reliable backup power source for businesses that are still on the grid.
6. Energy Stores
The introduction of solar batteries is a significant stride in the solar energy movement. Your solar panels may generate more energy than what your business needs at any given time. You can use the batteries to store the extra energy for later use.
Switching to Solar: Should Your Business Do It?
Switching to solar for your business will be a sound investment that will pay off in many ways. Maintain a competitive edge by making an energy investment that differentiates your business from the rest.
Browse our solar energy blogs to learn more about how this renewable energy source can transform your business.
