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Does Solar Actually Save You Money?
November 10, 2022 at 4:00 PM
Solar panel array on a green open field

It's no secret that solar power is becoming increasingly popular, with many residential and commercial properties utilizing it. But does solar actually save you money?

At Green Commercial Systems, we’re 100% sure it does, and we'll tell you why.

This blog post will outline ways solar can save commercial property owners money. So if you're interested in switching to solar, keep reading!​

How solar energy can save money

Solar has been touted as the energy solution of the future for years. Here's a closer look at how it can save you money.

Lower Energy Bills

With solar panels installed on your property, you'll be able to generate electricity, which will reduce your reliance on power from the grid. This lowers your overall energy bills. Additionally, the electricity generated by solar panels is free – once you've installed your solar panel system, you won't have to pay for electricity again.

Net Metering

A billing mechanism called net metering gives owners of solar energy systems a credit for the electricity they produce. In most cases, you'll only be charged for monthly net electricity. If you make more electricity from solar panels than you consume, you'll receive a credit on your bill, saving you money and helping offset the cost of your solar panel system.

Tax Incentives

Businesses that install solar panel systems may benefit from tax benefits provided by the federal government. These tax benefits can help you avoid paying thousands of dollars in taxes, which can help offset the cost of your solar panel system. Additionally, many state and local governments offer solar incentives, which can save you even more money.

Increased Property Value

Solar panels can also increase the value of your property. Zillow found that properties with solar panel systems sold for an average of 4.1% more than those without solar panels. Plus, you can make money if you sell your property in the future, as it is a wise investment.

Reduced Maintenance Costs

Unlike other energy sources, solar requires very little maintenance. Solar panels have no moving parts, so there's no need to worry about regular maintenance or repairs.

Additionally, solar panels are designed to withstand harsh weather conditions, so you won't have to worry about them being damaged in a storm. Once your system is installed, you'll likely never have to do anything to it again, which means you'll save money on maintenance and repair costs over the lifetime of your system.

Not Subject to Wild Price Fluctuations

The price of electricity fluctuates all the time. On the other hand, the cost of solar power is much more stable, which means that you'll be able to budget more quickly, and you won't have to worry about sudden spikes in your energy bills.

Environmental Benefits

A renewable energy source that is good for the environment is solar power. By switching to solar, you'll do your part to help reduce greenhouse gas emissions and combat climate change. You can save money as a commercial property owner since you'll do your part to help the environment. You'll also be reducing your reliance on fossil fuels, which are finite resources.

Get in touch with Green Commercial Systems for a consultation

Switching to solar power is a great way to reduce your property's energy costs. However, it is important to first consult with a solar expert to ensure that switching to solar is the right decision for your business. That's where Green Commercial Systems comes in.

We're a leading provider of solar energy systems for commercial properties, offering professional solar panel installation services, solar inverters, batteries, generators, optimizers, and racking systems. Plus, we analyze our customers' electricity bills and customize an approach to their building, as well as help them secure financing for the installation and panels.

If you need any of these services or want to learn more about solar for your business, simply contact us at (855) 293-5755 or through our contact form.