Benefits of Using Solar Power for Business
Alternative energy seems to be a new buzzword from the media these days, but it’s been around for some time. The exterior walls of homes and businesses can be seen with solar paneling as more and more people jump on the bandwagon to produce their own energy instead of buying from traditional companies.
Many small and large business owners have long realized that making the switch to solar power does pay dividends for them in the long run. From using solar panels at home or work, this form of technology has proven itself worthy of consideration by taking into account all that could be gained over time. Solar power offers a host of benefits to business owners such as:
Reduce Your Carbon Footprint
By shifting to the use of solar energy, you’ll be reducing your carbon footprint and doing your part in helping to protect our environment for future generations.
Save Money on Utility Bills
Benefits accrued from using solar power outweigh the initial cost of switching to this form of alternative energy and open up new opportunities for business owners looking for ways to reduce overhead expenses. Solar power allows businesses to reduce capital expenditures by taking advantage of an SBA504 green loan program that incentives sustainability initiatives for businesses.
Provide Additional Sources of Income
Solar power is great for business because it provides additional revenue opportunities in two main ways: 1) selling “green” electricity back into the grid, and 2) leasing or selling rooftop space for energy generation by other companies.
Increase Property Value
By using solar panels on the roofs of your building, you’re adding value to your property. As a result of its “green” credentials, you also boost your business’ desirability as a place to work or do business.
Solar Panels Are Attractive Design Features
Solar panels look great on buildings! Installing solar panels offers a chance to increase the attractiveness of your premises with minimal cost and effort, simply by installing a photovoltaic system on the roof.
It’s been proven that employees who work in an environment that is perceived to be eco-friendly tend to have healthier lifestyles than those who don’t. If you install solar power, your business will benefit from a happier, healthier working environment.
Keep Up with the Competition
Many businesses are choosing to “go green” by installing solar power systems in order to keep up with their competitors and remain relevant in today’s market. Businesses that are shown to be using solar energy boost their credibility as being mainstream and current with today’s trends and technology.
Solar panels provide a fantastic opportunity for companies to give their brand an eco-friendly image upgrade. Don’t discount the impact your efforts for supporting a healthier world can have on your bottom line.
Business owners may also see an improvement in their tax returns because they will qualify for certain credits. If the business uses renewable power, then it may qualify for benefits from the federal government as well in the form of tax credits.
Typically businesses are able to use an accelerated depreciation corporate deduction with an election to claim a 100% bonus depreciation. Speak to your accountant about your specific situation.
These are just some of the many reasons why businesses can benefit from switching over to solar power. If you own a business and haven’t yet made the switch, it’s time to consider your options. The benefits of using solar power for businesses should be clear for all to see! Contact Better Tomorrow Solar to learn how your business can benefit and to receive a free quote!