Business owners have uncovered the benefits of reclaiming their control over high electricity costs by investing in commercial solar systems.
Installing solar panels has a strategic advantage with an exceptional financial return for businesses of all types.
Businesses going solar lock in electricity costs and reduce utility expenses. And going solar makes it easier for companies to budget and plan for the future.
Plus, factoring in the federal Investment Tax Credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS) can reduce the system price by as much as 60 percent or more overall.
As a business owner, you stand to benefit from installing solar panels. Not only will a solar array help reduce your operating costs - there are also possible tax benefits.
It is important to note that this writer is not an accountant or tax advisor. Confirm your business's tax strategies with your accountant.
Six reasons why business owners invest in solar
Environmental Sustainability - Lower CO2
Locked-in Expected Energy Costs
Increased Property Value
Energy Independence
Impressive ROI
Tax Strategy
Solar is for all business types
Some companies feel that commercial solar solutions are only feasible for Fortune 500 companies. However, this is a common misconception. Small and medium-sized businesses are also taking advantage of solar power.
Solar power is a sound financial decision for most business owners. You can reduce your power bills significantly.
Three factors determine ROI when going solar
When calculating the ROI of adding a solar system to your business, consider three factors.
First, business owners should consider their current electricity usage and forecast future usage as best possible. The amount of electricity you use directly affects the size of the solar PV array needed to operate the business and determines how much money you save in energy costs over the lifespan of your solar system.
Second, calculate the federal Investment Tax Credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS) depreciation.
Lastly, figure in the difference of the estimated cost of energy increase over 25 to 30 years.
Combining the calculated savings of these three factors will determine the actual savings over the lifetime of the solar PV array.
Protection from changing electric rates
Energy costs can be volatile, especially in times of global uncertainty. A solar panel energy system provides a stable, predictable energy cost that your company can budget, even when utility companies raise rates.
Ongoing benefits that solar power offers businesses
Although consumers prefer dealing with environmentally friendly businesses, the truth is that most companies find solar to be a very sound financial investment. And it helps their brand to show that they are environmentally conscious.
While businesses are happy to help the environment, most are focused on investing in solar solutions to reduce their energy bills and fulfill tax appetite. Solar power's energy savings, tax credit, and MACRS combined can be substantial.
Businesses can often pay off their investment in solar within three to seven years, which means the remaining savings are pure profit. Solar systems last an average of 25 to 35 years.
Furthermore, the savings can broaden when installing solar PV alongside other energy-saving tools like a Tesla Powerwall backup battery system or Enphase load balancing solar battery systems.
Has your company gone solar yet?
Many businesses are adopting solar energy after realizing there are considerable benefits to be gained. Going solar not only creates positive PR for a business, but it gives them a cheaper option for energy that also helps the environment.
Get a quote for solar panels in Florida from PPM Solar today. A professional will spend time with you reviewing your energy usage and provide you with a no-obligation solar energy assessment and proposal.
What business customers say about PPM Solar
Gainesville Business Owner - 5 Star Google Review
"I recently had two solar systems installed by PPM. One on my personal residence (with Tesla Powerwalls) and one on a new Life Storage facility we built near Tower Road. They were the best value option, and everyone from PPM was very professional during the process. I would recommend PPM to anyone looking at installing solar panels in Gainesville."
