How Small Businesses Can Use Solar Power to Get Ahead
Solar power is a practical option for small businesses, not just Fortune 500 companies. Not only do solar panels help the environment, but they can also bring in financial benefits for small business owners who seek to reduce their monthly utility bills. Because in recent years solar has become more affordable, installation can fall well within the budget for small business owners, making it a more viable option than it has been in years past. Small- and mid-sized business are finding out that commercial solar panels can provide a solid return.
Businesses may not be aware of the grants and government support available to improve energy efficiency. Additional incentives provide additional motivation to take advantage of solar power.
Get more information on the benefits of solar energy for small businesses today.
Cut Operating Costs and Gain Predictability
Small businesses may decrease electric bills when turning to solar energy. Installing a solar power system can help businesses avoid ever-increasing energy costs and spend significantly less on the cost per unit by drawing some of their electricity from solar panels or even selling excess electricity. In many areas, the price of electricity may fluctuate, making it difficult to predict utility costs and stretching the budget of a company experiencing a limited cash flow. This expense becomes easier to estimate and plan for as part of regular operating costs with solar. According to marketplace data, those commercial property owners who installed a solar panel system experienced a 75 per cent reduction on their electricity bill. A business with a monthly electric bill of $1,950 may only need to pay $517 with solar.
Go “Green” and Grow
Turning to solar power decreases consumption of fossil fuels while potentially helping to grow a business. Small businesses can help reduce pollution and greenhouse gas emissions using a solar panel system, while also decreasing dependence on foreign sources of fuel.
In addition, consumers, employees and prospective investors often want to work and support companies making efforts to use clean energy sources as well as those incorporating more eco-friendly practices within their business. Become a company dedicated to sustainable practices and win more customers while attracting employees with the same values. Going green can be a great marketing tool for the average small business owner.
Reliable Clean Energy for Decades
Once a system is installed, little maintenance is required. Clean energy can provided for anywhere from 25 to 40 years. The majority of solar panels come with a 25-year warranty, and government incentives and rebates make switching to solar energy more affordable than ever before. Solar panels system are generally paid off in 3 to 7 years, but free electricity is made available for anywhere from 25 to 35 years or the life of the system.
Business Grants from the Government
Businesses who could use help in upgrading to solar power or to make energy-efficiency upgrades may want to look into government grants. Small businesses may be able to take advantage of grant and rebate programs such as:
- Investment Tax Credits for Solar
- State Tax Credits
- Cash Rebates
- Performance-Based Incentives
Grants, rebate programs and other incentives may help to offset initial costs and make it more affordable for small business owners in Stearns County or elsewhere who want to reduce energy costs and use clean energy to upgrade to solar power. Specific requirements may vary.
Make Your Move Today
Small business owners need to continually be on the lookout for ways to improve efficiency and cut costs without negatively impacting the end product or consumer. Solar energy is a win in that it achieves cost-cutting objectives, helps the environment, supports the local economy, may drive new investment and attracts loyal customers. Use local grants and incentives to go solar and share the good news in an upcoming press release or marketing initiative.
