Switching to commercial solar panels is the easiest way to ensure you get the best possible results with your properties. These solar panels offer more than just power cost reduction.
Let’s take a look at the top 15 benefits of solar panels for commercial buildings.
15 Benefits of Solar Panels for Commercial Buildings
Following are the most useful benefits of installing solar panels for commercial buildings
1. Higher Return on Investment (ROI)
Installing solar panels for commercial buildings is a long-term investment. Most building owners think that solar panels are too expensive.
However, they are a great option for better ROI, if you consider their long-term impact. Your business can save almost twice your investment through these installations.
2. Professional Service Providers
The solar panel industry has grown significantly for commercial buildings. Building owners can choose from several service providers to get the solar panels installed on their commercial buildings. These services provide competitive prices, making sure you do not have to compromise.
3. A Green Approach
Solar panels are a sustainable energy source, which allows commercial building owners to practice a greener business model. It is not only good ethically, but is a strong marketing point.
4. Reduce Operating Costs
Owners need to take care of several operating costs for a commercial property. Fortunately, installing solar panels for commercial buildings is a great way to cut down on energy costs.
Commercial building owners can save up to $7500 for a $25,000 solar panel setup for a single home in the project.
5. Higher Yield Options
The solar power units produce a high yield on average. For instance, many locations get 5.5 hours of intense sunlight, which makes it easier for solar panels to create more energy. However, some areas receive only 2 hours of proper sunlight a day. Therefore, it is a higher energy yield option for commercial buildings.
6. Energy All Year Long
Weather is a huge factor for solar panels in commercial buildings because the weather impacts sunlight intensity, affecting the total energy produced with the solar panels.
However, these photovoltaic cells store energy, and can still get around 20% of the energy they would get on a sunny day. This makes it easier for commercial building owners to get money all year long.
7. Earns Tax Credits
Commercial building owners with solar panels get 30% of their unit installation costs back thanks to the Federal income tax credit when you file the taxes. These property owners can cut the total cost in half, if they add the Solar Renewable Energy Credits (SRECs) into the mix. Owners can even sell the SRECs produced throughout the year, and make more money.
8. Highly Sustainable
Solar energy is highly sustainable unlike other sources such as fossil fuels. Experts estimate that the sun’s energy is sufficient for the next few billion years. Therefore, using solar panels is a long-term, sustainable, and cost-effective method for commercial building owners.
9. Lesser Future Bills
Commercial building owners who cover energy costs on their own need a cost-effective solution for lower bills. Thus, solar panels are a great option to ensure your building costs stay under your budget even after you have sold the properties to other customers.
Moreover, offering energy-efficient alternatives is a great way to attract more customers to your commercial properties.
10. Increased Property Value
We already mentioned that solar panels on commercial buildings are a long-term investment for owners. What’s more, buildings with solar panels usually have greater value than others because these solar panels provide an opportunity for energy-efficient, sustainable, and fully renewable energy.
11. Greater Recognition
Solar energy-powered commercial building projects are recognized at a global level. Investors, property owners, and partners in these kinds of projects get government support, appreciation, and all sorts of positive marketing without doing much.
These benefits of solar panels for commercial building owners, allowing them to earn credibility for future projects right away.
12. Lower Maintenance Requirements
Most solar panel setup options for commercial buildings offer the most versatile options for cost-effective energy production. What’s more, unlike other energy plants, solar panels have lower maintenance costs.
These panels have a good life, ranging up to 25 years. Property owners can yield savings, better benefits of solar panels, and long-term energy solutions through solar panels.
13. Improved Cash Flow
Solar panels save thousands of dollars on the bill for commercial projects each year once professionals connect them to the power grid. It will allow you to spend less cash on the energy costs, and utilize the saved amount for other purposes.
14. Local Economy Support
The majority of the solar panel projects go into the hands of professionals in the local market. This allows these members to support the local workers, and boost the local economy. Projects like these make easy availability of solar panels possible, and it could lead the workers to become your future customers.
15. Higher Reliability
Energy production is a growing issue for individuals around the world, considering primary sources like fossil fuels are running out. The world is moving towards a more sustainable, environmentally friendly, effective solution.
Solar energy is more reliable than other options in the market, due to easy availability. Experts also predict that solar panels will eventually become the primary energy source in the near future. Thus, investing in the technology right now for your commercial building will give you a head start.
Cost-effective solutions, versatility, easy implementation, and better market value for your commercial buildings are some of the key benefits of solar panels for commercial buildings. However, property owners need to choose professional solar panel installation services for their projects to reap better benefits.