March 15, 2023 0 Comments

Whether you own a small business or run a large corporation, commercial solar power can benefit you. Here are a few reasons why you should consider investing in this clean technology:

One of the biggest overhead costs for most businesses is the high electricity bill. This can be an expensive burden to your business’s finances and cash flow.

Investing in Los Angeles commercial solar power can help your business lower its energy costs. As your company grows and consumes more energy for lighting, HVAC, production, and computing, the price of grid electricity rises and can have a negative impact on your bottom line.

Even in deregulated areas, electricity prices can change at the whim of the local utility provider. That can cause unnecessary stress on your business.

In addition, energy prices keep trending upward globally. And even in developed markets, utilities must deliver power across aging infrastructure that may experience unexpected outages or blackouts.

Installing commercial solar power reduces your dependence on the national grid, which will make it less vulnerable to power cuts and outages. It also allows you to store energy on-site, which can be used as a backup power source should the main grid fail.

One of the highest overhead costs for business owners is their electricity bill. Being reliant on the power grid means your business is subject to electric rate fluctuations and sudden price increases that can be stressful for your cash flow.

When you invest in solar, you can reduce your dependence on the grid for power, helping to protect your business from these fluctuations. Additionally, you can sell the excess power that your system generates back to your local utility company under net metering arrangements.

Another benefit of investing in commercial solar power for your business is the tax breaks that are available. Businesses can receive federal investment tax credits and accelerated depreciation benefits when they make the switch to solar energy.

Investing in commercial solar power for your business can have a significant positive impact on the environment. Not only does it reduce your energy costs, but it also helps to reduce carbon emissions that contribute to climate change.

The life-cycle greenhouse gas emissions of solar electricity are estimated to be around 12 times lower than natural gas and 20 times lower than coal. Moreover, it can be easily sold back into the grid, reducing your carbon footprint even further!

Although solar panels have a relatively low carbon footprint from “cradle-to-grave,” it is important to understand that the manufacturing process itself does have a large carbon footprint. This is due to the mining of metals and rare earth minerals, the production of raw materials, and the transport of finished panels.

Commercial solar power is a great way to reduce your monthly energy costs, which can save you thousands of dollars over the lifetime of your system. These savings can help you to significantly reduce your overall operating expenses.

In addition to reducing energy costs, solar power also allows your business to become self-sufficient in producing electricity. This will allow you to reduce your reliance on the power grid and eliminate the risk of short-term electric rate increases and other events beyond your control.

Another great benefit of investing in solar is that it can boost your reputation as an environmentally conscious company. This can be especially helpful if you’re trying to attract new customers or investors.

Businesses are always on the lookout for ways to reduce overhead costs and boost profits. Solar power is an excellent way to do just that.

Currently, federal tax policy is favorable for commercial business solar projects, with the potential to get a 30% tax credit for the project costs. Financial incentives on the state and local level also make it an attractive choice for many businesses.

Additionally, switching to solar provides your business with a sense of security and financial stability, because you’re no longer subject to the volatility of energy prices. Spikes in electricity rates can be a serious financial stressor for businesses, especially if you’re located in a deregulated market.