In recent years, many American homeowners have sought ways to live greener lifestyles. One of the first things they consider is purchasing solar panels and with good reason. Since 2010, solar panels have become more affordable and efficient.
What about businesses, though? Solar panels may benefit residential buildings, but what advantages do they offer corporate buildings?
As it turns out, solar power has several advantages for commercial facilities. Two popular reasons include tax benefits and energy savings, but there are several others.
So, in this guide, we’ll walk through six reasons why solar installation helps a company. Let’s get started!
Table of Contents
Solar Panels Are an Investment
Solar panels are an investment that can benefit your building for years to come. Depending on your annual revenue and the installation costs, you may pay off these panels in a few years. Afterward, you’ll see significantly reduced energy bills.
The ROI provided by solar panels is significantly more profitable than most other investments a business makes. Over their lifespan, the panels eventually pay for themselves.
Improves Future Budgeting
Energy costs vary wildly across locations in the US. Moreover, the general cost of electricity has a reputation for frequent fluctuation. Because of this, budgeting for your future operating costs can be challenging.
Solar panels remove this difficulty. By greatly reducing your need for purchasing electricity, they help remove a varying factor from your budget. This freedom allows you to spend time and resources focusing on greater needs.
Increase Your Property Value
A well-established trend in residential real estate is that homes with solar panels sell faster than homes without. People recognize the value of solar energy and are willing to pay more for a building that already has panels installed. After all, it saves them the expense of hiring a solar team.
The same trend holds for commercial buildings. If you need to sell your building, you’ll find you can sell it for more money and less time with commercial solar panels installed.
Tax Credits for Solar Energy
One critical benefit of commercial solar panels is their tax incentive. The federal government offers a tax credit equivalent to 26% of the cost of solar panels. There are also tax credits for companies in the process of installing solar panels during the tax year.
Gives Your Brand a Green Image
When you market your brand, your image plays an enormous role. When you purchase solar panels, you portray your brand as caring about green energy. As such, it can bolster your reputation in your community.
Low Maintenance Investment
Once you pay for your solar panels, you won’t need to shell out thousands of dollars for care. Solar panels require little maintenance, essentially making it a one-time expense. However, companies like Blue Raven Solar may offer a yearly maintenance check-up if you prefer to stay on the safe side.
Find Your Solar Team Today
If you’re considering installing solar panels for your company, don’t hesitate! Solar panel installation brings many benefits to your company, ranging from financial to personal. Find the best solar team for your company today!
We hope you enjoyed this article! If so, check out our other content today