For many companies, the main motivation for looking at a solar energy solution is to save money from high electricity bills. This frees up capital that can be used elsewhere in the business and will positively affect the bottom line. Every company needs electricity so you will be paying for it anyway. Why not own your own solar powerplant and shift the money you would have paid to the utility into an asset for the business which pays for itself in savings?
Some businesses may be thinking about adding solar shade structures (carports) to their parking lot which is a benefit for customers and employees alike. Solar carports have been popping up all over the nation to offer shaded parking during the hot summer months as well as paying for themselves with savings from the solar energy they produce.
Going green is not just a catch phrase anymore. It is a necessity. Commercial enterprises will show a positive willingness to help the environment by going solar. This can be a critical motivation for employees and customers choosing where they would like to work or do business.
Every business, nonprofit, manufacturing plant, or industrial property is different and has its unique needs and design scope. The main factors are the amount of power the business uses and the size and available space on the roof, parking lot, or land area surrounding the property. A qualified solar company will take these factors into account when designing a solar solution.
That depends on several factors. Are you looking to utilize just your roof space and does the roof have space to add enough solar panels? Rooftop solar energy systems can be one of the most cost-effective ways to go solar. Does your business want to add carport shade structures for the benefit of customers and employees? Adding carports does add cost but also offers intrinsic benefits. Can tax incentives benefit your business? Because of the solar investment tax credit and depreciation, businesses can utilize incentives that can pay a sizeable amount of the cost of a system. Even schools, churches, and other nonprofit organizations can receive some incentives with the right financing partner.
Yes, there are both. Most companies invest in solar with cash due to wanting to save money on interest with a loan. Because there is access to the 26% Federal Tax Credit, they can recoup that amount of the cost usually the first year. Nonprofits that don’t have tax incentives can take advantage of our nonprofit financing partner and 12-15% of the cost of the system will be paid by them. It acts like a 15% discount to the nonprofit.
In general, since a solar energy system can pay itself off with savings in anywhere from 4-8 years, that ensures a business will receive at least 10-20 more years of free energy. Imagine the savings that will accrue. By going solar your customers and employees will see this action as a positive step forward in today’s world of stagnation. Solar energy is the future – and the future is now!