Commercial Solar Power

Commercial Solar Power

How Is Commercial Solar Power an Investment?

Investing wisely contributes greatly to business success and commercial solar power can provide just
that.

Just think for a moment. What provides an endless source of renewable energy every day? What energy
can we use that we subject ourselves to every time we walk out of the house as we set off to work or
school: the Sun. Over the years, homes and businesses have realized the Sun is something that can be
used to their advantage. Saving money can be achieved whilst getting the amount of energy needed but,
of course, there is always this: one has to spend money to make money. However, the investment of
solar power can benefit businesses since the energy they receive after installing a solar energy system
costs nothing at all. It’s free.

Another thing to keep in mind is once businesses install commercial solar power systems, you also won’t
have to pay for increases in electricity which adds up in your company’s pocketbook.

Government Incentives

Additionally, the government gives tax incentives to those that install solar panels to a grid. Businesses
will be able to afford this with the government promoting solar power.

Solar energy rebates the cost of solar power systems in over half the states ever since the Energy Policy
Act of 2005 was put into action. The Energy Policy Act includes two ways businesses can receive a tax
credit from the federal government. It depends on where you live, seeing as there are varying incentives
in every state (i.e. In New Jersey, their rebates cover more than 50% of the retail costs), but just imagine
how that would affect your business. You can qualify your business to up to 30% of the system cost
which is up to $2,000.

Positive Cash Flow

It won’t take a long time for the money to start adding up. Having commercial solar power can create
positive cash flow for businesses because the federal law allows independent power producers to
connect to the utility grid. In other words, with a grid tie system, your business will always have a
current because what energy you don’t use will be sold to the electrical company. Businesses can
receive the full value of electricity by selling their excess energy back into the grid. Once the solar
system your business has is paid off, the net metering keeps rolling and businesses get paid for extra
energy.

Consumer Thoughts Matter

Consumers (more than 75%) are more likely to choose products from a business that is taking steps to
minimize its impact on the environment. Also, about two-thirds of consumers agree that they are more
likely to work for and invest in companies that are environmentally friendly. Using solar power can be

beneficial in getting loyal customers since 70% of consumers also say they are likely to go out of their
way to purchase products from green companies.

Businesses with a negative image tend not to do as well as those with a positive image and businesses
that are eco-friendly will be more successful in that respect. Investing in commercial solar power can
benefit your business by not only shining a beam of light on your business but by also creating a way to
use energy while saving and making money as well.