Top 15 Benefits of Commercial Solar Power 12

With the steadily rising demand for electrical power, high price of oil and growing concern for environment, many businesses are opting for alternative energy resources. Among the alternative or renewable energy sources, solar energy is the best choice that can be used in variety of applications. Many businesses are tapping into solar energy, hoping to benefit from its numerous advantages. Commercial solar power has the potential to save businesses and office building owners money each year. Sadly, businesses have not studied the potential of operational and finance benefits of solar power. Most of them think solar power is all up-front cost with very little upside other than being “green.” To help deal with this, we have compiled the top 15 benefits for businesses to invest in commercial solar power.

1.Available Rebates and Incentives

Central and state governments are generously providing commercial solar rebates and tax incentives as much as 50% to offset the cost of setting up a solar power system.

2. Make a Balance Sheet Transfer

Installing a solar energy can turn a variable expense into stable expense, allowing it generate/ project future net profit. This can be reflected in the balance sheet making the business that much more predictable vis a vis profit.

3. Reduce Tax Liability

If a solar system is installed it increases a commercial building’s value. However, many states have or in the process of exempting value of solar systems from property taxes. Building owners need not pay increased property taxes with regarding solar system.

4. 25+ Years of Financial Savings

Solar panels installed in a commercial building require almost no maintenance and have a service life of approximately 25+ years. As such a commercial building will continue to benefit from financial savings as a result of clean solar energy installed.

5. Ability to Invest in Other Opportunities

Solar panel installed in commercial building while reducing the energy bill each month building owners can save the extra money and invest it in other opportunities, making the total solar rate of return even greater.

6. Increase Brand Equity

Solar panels installed in commercial building can improve the building as well as the builders and owner’s brand’s image. If customers know that a building owner cares about environment, then they consider them responsible and trust worthy. As such it’s important for building owners while investing in renewable energy to promote the use of renewable energy as a feature on a website, printed materials and in your press releases for promotion.

7. Little (if any) Maintenance

Dirty solar panels in commercial building occasionally need to be cleaned with water and shady tree branches need to be trimmed occasionally, otherwise the solar panels require no maintenance!

8. Advance Your Energy Independence

Commercial building owners can promote their energy independence by installing a solar photovoltaic system. sun provides free energy and making use of it the best idea instead of relying fossil fuels like coal, oil and gas.

9. Appreciate Peace of Mind

Commercial building owners investing in solar photovoltaic system can enjoy uninterrupted power, near zero maintenance and other benefits leading to peace of mind.

10. Reduce Operating Costs

Depending on the size solar panels can reduce or eliminate power bills. This results in lowered operating costs.

11.Lock-in Energy Costs for Years to Come

As demand for power rises and power generation resources are depleted, a solar power system Installed on a building hedges against future rate increases by utilizing renewable energy to supplement the electric power needs. Also in case of excess power generated the building can sell the power for every kilowatt of excess electricity produced to the utility company via net metering.

12. Good Return on Investment/Incentives

Net metering helps to sell any excess power that solar panels installed generate back to the power company. Many utility companies offer incentive that actually pays you for power you generated and used in your own building There are many rewarding financial incentives that help cut cost of solar power system installed on the roof. investing in own roof helps combat economic crises and opens a ‘roof savings book’ under favourable conditions. As long transportation distances are not required, energy waste is minimized and it results in more savings.

13. Accelerated Depreciation

Depreciation is used to account for the reduction in value of an asset over a period time. Any assets value get reduces over time, and this decrease is called depreciation. In case of solar power systems, reduction in efficiency of solar panels and wear & tear of parts decreases the value of solar power system. Under Accelerated Depreciation the value of the solar power plant reduces at faster rate in the early years. It helps in cutting taxable income generated using the solar power plant in the early years and can be considered to deliver cash profits during the first 2 or 3 years.

14. Lease Options

Many building owners are still not in favour of buying a solar power system, fearful of the initial cost incurred and doubt that it may be recovered or not. For them lease of a solar power system can be beneficial. A company that installs solar power owns, installs, and maintains the system for the building owner. The building owner just needs to pay the lease amount on a monthly amount apart from a minimal upfront cost. For many building owners, the total of lease payment plus remaining power bill could be less than previous electric bill, depending on energy usage.

15. Decrease Your Carbon Footprint

Solar power panels produce clean, cost-efficient energy harnessed by the sun. Carbon footprint of a building is the total amount of greenhouse gas produced to support human activities and is expressed tons of Carbon Dioxide (CO2). Greenhouse gases are emitted through transport, land clearance, production and consumption of food, fuels, manufactured goods, wood, roads, buildings and services. As Solar power is generated by attracting sun’s clean energy and converting it \into electricity or heat, there are no emissions as such little or no carbon footprint is generated by installing solar power plants.

All in all commercial solar power can be beneficial for whosoever uses it not just as an option for low cost clean energy, but also gives building owners option to earn additional revenues.