Many companies are embracing solar energy after realizing that huge profits can be reaped. Solar energy not only creates positive public relations for a business, but it also gives them a more economical energy option that also helps the environment. This is significantly increasing the number of companies using solar energy. There are several advantages to installing solar panels in a business.
In addition to using a renewable energy source such as the sun, you'll get an excellent financial return on your investment in a relatively short time. You can also use solar panels for business tax credits. Unlike gas and coal, solar energy is renewable, clean and sustainable. solar energy does not pollute our air or contribute to global warming.
For many companies, being “green” and making environmentally friendly decisions is important to their business objectives. Bardessono Hotel and Spa, located in Yountville, California, in the heart of the Napa Valley region, is LEED certified. As part of their LEED certification, they have installed a solar-powered garbage compactor and a carton baler as part of their sustainable practices. Hotel Bardessono knows that having an environmentally friendly plan and image is not only good for the environment, but also good for business.
With the continuous increase in demand for electricity, the significantly high price of oil and the growing concern for the environment, many companies are turning to alternative sources of energy. Among renewable energy sources, solar energy is a sustainable option and can be used in a variety of applications. Many companies are now taking advantage of this alternative source of energy, hoping to benefit from its many advantages. Become a Green Business Generating electricity from solar energy means your business uses fewer fossil fuels, reducing pollution and emissions.
By switching to solar energy, your company does its part to fight climate change and reduce our country's dependence on foreign energy sources. But the benefits go further: Being a sustainable company can not only reduce your operating costs, but it can also be a positive public relations and marketing tool. Research shows that a growing number of consumers make purchasing decisions based on companies' environmental responsibility. Commercial use of energy takes away a considerable part of a country's energy share.
In the United States alone, companies use 40% of the energy they produce. Therefore, it is not surprising that considerable attention is paid to energy-saving techniques. Studies show commercial adoption of solar energy systems is the latest trend. Walmart has an impressive 142 MW of solar photovoltaic (PV) capacity in 348 facilities.
Other retailers such as Target, Apple, Costco, Kohl's, IKEA, Macy's, Walgreens, etc. They are also on the list of top US companies that use solar energy. However, it is not restricted to just the U.S. UU.
Around the world, several organizations are incorporating this technology. Even so, companies are willing to pay the bill for long-term profits. Most have experienced a 40 to 70 percent decrease in their electricity bill. The lifespan of a well-maintained solar energy system is 25 to 30 years.
The average time to amortize the investment is 6 to 9 years; after which business owners can technically dispose of free electricity after this period. One way to avoid this is through a solar lease. Even though businesses don't receive any tax credits, they don't have to deposit cash or worry about maintenance. It's a hassle-free option for organizations to get cheaper electricity instantly.
Many leasing companies offer applications for entrepreneurs to monitor the efficiency of their photovoltaic system. However, the agreement is usually long-term, 20 to 25 years, after which the lease can be renewed or the system can be purchased. Companies can enjoy the benefits of solar energy without making an investment through a power purchase agreement (PPA). The solar energy provider commits to supplying power to the customer at an agreed rate for an extended period, such as 20 years.
REC has used the PPA approach to help nonprofits, such as churches, ensure long-term energy savings. REC and other providers also offer lease and cash purchase programs. How can solar power your plant or retail space? The setup and process are quite simple. Solar panels are manufactured with photovoltaic cells that have the ability to produce direct current (DC) electricity from sunlight throughout the day.
Having a solar energy system installed is equivalent to paying for almost 40 years of energy upfront, but only a fraction of what you're currently paying for electricity. These tax advantages are not something you should qualify for installing a particular type or size of solar panel system in your business. If you are thinking of switching to solar energy, contact KC Green Energy today for a free consultation. The manufacturing process generally uses a substantial amount of electricity, making a manufacturer an excellent candidate for solar energy.
This massive increase in the number of solar panel installations by the residential and commercial sectors is heavily influenced by government incentives. Most small businesses don't have to spend money upfront because most solar energy system providers offer flexible options such as loans, solar leases, and PPAs. Backed by Duke Energy, REC Solar is unique among solar energy providers, focusing exclusively on commercial applications. Companies must pay a fee to have solar panels connected to the grid, and the installation requires a significant amount of labor.
Here are five great benefits of solar energy conversion and five reasons why your business should use solar energy. When you're self-sufficient in your solar panel system, you'll have a reliable power supply no matter what happens to your commercial energy provider. If you're thinking about using renewable energy sources for your small business, including solar, consider reading this helpful post, entitled “A Guide to Renewable Energy for Small Business at bionic. Unless you use full solar energy with the backup generator, you will still have some link to the grid for the night and other additional support.
Buying and installing solar systems from Total Solutions is like prepaying energy bills for 25 to 35 years. If you're considering installing panels, you'll need to consider the potential downsides of solar. . .