Why Businesses Go Solar
More and more corporations are choosing to go solar not only because of what they “give back” environmentally but for what they “get back” financially. Here are some of the many benefits of a commercial solar photovoltaic system:
Commercial solar projects can deliver fantastic long-term investment returns for businesses with positive internal rates of return and a predictable intake of cash. In addition to dramatic reductions in your company’s ongoing electricity costs, in many cases, a commercial solar project can generate incremental revenue, effectively creating a new profit source.
Often, to encourage businesses to invest in a solar panel system, federal, state and local governments offer rebates and beneficial incentives. Effective utilization of available incentive programs can dramatically reduce the upfront cost of solar while providing a predictable long-term revenue stream.
Energy prices are highly volatile and difficult to predict. In fact, historically, the cost of electricity has increased at a compound annual growth rate more than 5 percent. By generating your own clean electricity onsite, you eliminate your company’s exposure to such price volatility.
Marketing and Public Relations Benefits
Solar conversion will position your business as a forward-thinking, environmental leader. Your customers, employees, vendors, shareholders, and neighbors will be fully aware of your corporate commitment to the environment and your local community.
Go Green…and Red, White, and Blue
A business that converts to solar not only reduces their carbon footprint, but they also promote U.S. energy independence, helping decrease America’s need for foreign energy.
Your business can make those costly, dreaded monthly electric bills a concern of the past by switching to solar power. Generous state and federal incentives, such as the solar Investment Tax Credit (ITC), make commercial solar panel installations a much more affordable proposition than they were even just a few years ago. To reduce operating costs and increase profitability, many businesses throughout Denver are embracing the move to solar energy.