Solar Power 101
Renewable energy is the future, and the sooner your business jumps on board, the more benefits you’ll be able to reap from it. Let’s go over the benefits of solar energy, explore the costs, and figure out the next steps for your business!
The Benefits of Solar Power
Investing in solar power early can save you a lot of money over time. After all, it allows you a method of generating your own power, utilizing nothing but solar panels and the sun–offsetting or even totally eliminating your energy bills. What this means for your bottom line is fewer ongoing expenses, and protection against rising electricity prices.
Depending on where you live, there may also be governmental incentives to go greener with solar power. On the federal level, look into the Business Energy Investment Tax Credit, which gives you a rebate for eligible solar technology. For state and local programs, consult the appropriate government websites.
Finally, running a green business is highly appealing to modern consumers, who tend to care about protecting the environment and are happy to patronize eco-friendly businesses over the competition. And if you ever want to sell, having solar power will increase your property value! Plus, you’ll have the peace of mind knowing that you’re running a more ethical business.
The Costs of Solar Power
When talking costs, the specific numbers will depend on your situation and the various choices available to you–the size of your business, the materials you’ll use, the duration of the labor required to install them, and so on–so you’ll need to look into quotes from your local retailers.
Obviously, solar power requires an up-front investment–so even though it can pay itself back tenfold over time, the thought of a large lump sum can be intimidating. However, there are plenty of options to soften this blow. Many retailers will allow you to make payments over time instead of all at once, making the monthly bills quite small and affordable. Plus, you have the aforementioned government incentives to consider when factoring the cost.
How to Explore Solar Power for Your Business
Start out by researching local options for solar power. Retailers will be happy to chat with you about your needs and the processes of installing panels, no commitment required.
