Solar power is more prevalent and more affordable than ever.
In fact, the average cost of solar panels has dropped by almost 50% since 2014. Now is the perfect time to finally invest in solar energy for your growing business.
Still on the fence? Let’s take a look at just some of the many reasons to go solar this year:
One of the Biggest Reasons to Go Solar? Rapid Payback
Once your solar panels have been installed, you’ll start generating energy right away and your payback will begin.
A full and complete payback of the total cost of your solar panel installation can happen in as few as ten years. Keep in mind that many solar product warranties last up to 25 years or more.
Reduce or Completely Eliminate Electric Bills
Another one of the many reasons to go solar is the immediate reduction in your company’s monthly electric bills.
With net metering (a process where excess power generated from your solar system is then sold back to your energy provider), your monthly payments will be even less.
Saving so much each month on your monthly utilities will mean you can put that money elsewhere in your business.
Enjoy a Solar Investment Tax Credit
The Solar ITC is a federal program that allows businesses to claim a 26% tax credit of their overall systems’ cost in 2020. This credit will continue to drop in percentage each year so now is a good time to take advantage.
Ask one of your local solar companies for more information about this tax credit and other benefits.
Do Your Part for the Environment
Looking for reasons to go solar? It takes a lot of natural resources to create electricity. And power plants are known for being some of the top producers of the carbon monoxide that negatively impacts our atmosphere.
As a business going solar, you’ll be doing your part to lessen your carbon footprint and reduce harm to the environment.
Boosting Your Professional Reputation
When you decide to invest in solar energy, you invest in the long-term reputation of your company. Many consumers prefer environmentally-conscious businesses that are making an effort to reduce pollution and consumption.
Though some people make purchases with their pocketbooks alone, others are swayed by their eco-mindedness. Solar-powered businesses can boost their brand reputation among the growing number of environmentally-focused customers.
Today’s consumers expect a lot from brands in order to trust them. They want to support brands that align with their personal values.
Other Tips for Propelling Your Business Forward
Now that you’ve considered some of the reasons to go solar, take a moment to read some of our other helpful articles for savvy entrepreneurs including renewable energy options like solar panels.
If you’re looking to boost your brand, market more effectively, or save money, we’ve got some helpful tips to get you on track. Be sure to check back often for new content.