Solar energy provides is a reliable and environmentally friendly source of power. According to the Solar Energy Industry Association, the total installed capacity of solar energy nationwide reached over 60 GW in 2018. That means there are enough solar collectors to run over 11.3 million residential homes. However, homeowners aren’t the only ones taking advantage of this clean and cost-effective electrical source. Businesses and commercial property managers are discovering how solar power can cut costs, increase security, and positively impact the public’s opinion about their brands.
Are you wondering if solar power is the right move for your business? Here are several reasons why you should take the plunge into commercial solar power.
The Cost of Power Keeps Going Up
The US Energy Information Administration calculates that the price of commercial energy rose by 3.2% between November 2017 and November 2018. As traditional energy sources like fossil fuels get more expensive to produce, businesses will continue to see steady increases in their utility bills.
Switching to solar energy keeps your power costs low. While the initial investment may seem steep, the power you produce will come at virtually no extra cost. Your solar payback period is the amount of time it takes for the money you save on utility payments to equal the amount spent on installation. For most solar installations, the typical solar payback period is 6 to 8 years. After this time, you can power your production plants, offices, and storage facilities for the price of maintaining your system.
Commercial solar installations are the ideal solution to unpredictable utility costs.
Protection From Interruptions to Grid Power
Traditional power sources are not as reliable as we think. In large cities with high populations and more remote locations with limited accessibility, brown-outs and outages are a normal occurrence. This is especially true during the summer and winter months when demand is already high. During these times, commercial buildings without adequate generators are left vulnerable to malicious entry. Beyond theft, perishable inventory like food and medicine products can go to waste quickly with an erratic power supply.
Installing a commercial solar system ensures that your property always has the power it needs to safeguard your inventory, buildings, and other assets. Batteries provide long-term power storage that means you’ll never have to worry about running out of juice at the wrong time. Research facilities, clinics, and small manufacturing plants can use solar as a backup system in the place of gas-guzzling generators or as a way to supply their daily needs.
Cast Your Brand in a More Favorable Light
In 2016, 74% of surveyed adults told Pew Research that they believed the government should take strong actions to protect our natural resources. Environmental stewardship is quickly becoming a cultural value. Modern consumers seek to spend their dollars with merchants who show a similar commitment to a healthy planet.
Installing a solar power system on your commercial property proves to your clients that you care about their long-term health and happiness. Customers that believe their company really cares develop deeper levels of brand loyalty.
Solar power offers solutions to some of the most pressing problems for commercial property managers. How can solar power help your business do better?