While people focus on installing solar power systems for their residential properties, these systems are equally beneficial for commercial buildings as well.
Having a solar power system at your commercial property provides several benefits and has the capacity to save you even more money than with residential solar power systems. We discuss why you should opt for a commercial solar system, below:
Rebates and Incentives
Capital expenditure on any new installation is a big concern for any organization. But solar power system installation comes along with benefits of several government rebates and incentives, depending on the particular state’s policies.
Reduction in Tax Liability
With solar system installation, you will see increase in property value. And with several states having or in the process of having a policy to exempt solar system value from property taxes, your tax liability gets reduced.
Reduced Operation Costs
When you move on to solar power for electricity, your dependency on utility is reduced. This, in the long-term, brings a higher reduction in operation costs, which is specifically significant for small businesses. These savings can be attributed towards other opportunities, resulting in greater return on investing in solar power.
After installation, you start reaping benefits of the solar power, rather than focusing heavily on the solar system maintenance. Apart from occasional cleaning of panels with water, and trimming of shady tree branches, there is nothing that can be called a significant maintenance program.
If you are not able to process large upfront cash payment for solar installation, then you can easily lease solar power systems for 15 to 20 years. This period will not give you any benefits in terms of rebates or incentives, but you will still gain with reduced utility bills and cheaper, eco-friendly power resource.
Improved Brand Value
When you install a solar system at your commercial property, you clearly denote that you care about the environment, a signal that lets customers believe that you are responsible and trustworthy. This, in turn, enhances your brand value.
So, with all these benefits and with a view on utilizing eco-friendly power resources for a better future, there is no denying the fact that moving to commercial solar panel installation is a beneficial decision for your business.