Have you decided to switch your company to solar power? You might have heard of the benefits already, but is it good to use for a business?
Going green is one of the best investments you can make for your business. But that doesn’t mean it’s for everyone. Nonetheless, it can bring several benefits.
So, here’s a guide to help you decide if you should use solar panels for business.
Looking Into the Pros
Technology that allows you to operate a green business is always a great thing. It’s healthy for the environment and gives you many benefits. Here are some of the reasons why you should consider it.
Reduce Power Costs
Any business owner knows that operations consume lots of power. It takes up one of the largest portions you have to pay to run your business.
Many business owners who want to reduce overhead costs consider going green. If you turn to solar energy, you get to save about 75% of your energy bills. That way, you can use the savings towards other company needs.
Great Return on Investment
Using solar panels for your business means you get all the perks it comes with, from lower bills to incentives. Although some find it expensive, it is offset by the amount you can save from using it.
Experts say it’s easy to notice the return on investment from just a couple of moments after the switch. On top of that, it continues to expand and develop. So, you’re likely to get even more benefits in the future.
It takes a lot to operate your business as it is, so anything low maintenance is a huge plus! If you use solar panels, you can worry less about maintaining the power aspect of your business unless there’s no sun.
Solar panels usually only need regular cleaning. If your office is in a dust-prone location, you should clean them more often. But besides that, there’s not much you have to worry about.
You can get business tax incentives when you choose to go solar. You can get a tax deduction of up to 30% if you install panels anytime until 2032. That alone benefits your business big time!
Another is that you can deduct the costs of solar installation from your taxable income during the year of its commissioning. It’s like getting back the money you spent to install the system.
Unlike other investments, solar power doesn’t come with many risks because of its proven effectiveness and returns. Think of it this way; even when electricity prices hike up, the sun will still shine.
One way or another, you’ll be saving a lot of money that would supposedly go toward power costs. The most you can expect to pay for a solar system, besides the unit, are repairs or replacements.
You can say solar power boosts efficiency because you can use power to no end unless the sun disappears.
You’re most likely going to have power even if you can’t see the sun. Solar panels run on energy from the sun, more than light alone. But if the sun is shining, you get more power.
In some cases, you can gather solar energy to store in a battery or put it back on the grid to get monetary returns.
H3: Healthy for the Environment
It goes without saying, but solar power is good for your surroundings. Healthy environmental impact is one of the reasons it’s a great business investment. It’s also a great way to kickstart sustainability within your company.
Looking Into the Cons
Despite the benefits, you might find a few downsides to switching to solar power. For some companies, it’s enough to hold them back. So, here are a few disadvantages you could encounter.
H3: Expensive Upfront Cost
Although many switch to solar energy to lower business expenses, it doesn’t happen instantly. Solar power is usually more expensive to install than regular sources.
The difference is that it allows you to make more savings in the long run. Check with your company to see how much solar installation costs go to weigh if it’s within the company’s budget.
Panels Take Up Space
Solar panels take up more space than wiring, so you have to consider where to install them and how much you should use them. You can place the panels in spaces where it won’t disturb operations, you should consider if sunlight always hits that area.
Limited Power Source
Even when solar panels work without direct sunlight, it doesn’t mean they will always be available. If there’s no sun for a while, you can’t charge your power source.
At some point, you might run out of stored energy. In that case, your solar panels will cause damage to your business due to slow operations or lack of power.
Note that this varies based on the condition of your panels. Damaged solar systems can also be the reason for the lack of power. So, be sure to check on it every now and then to make sure everything is in order.
Going solar is a long-term commitment, so it’s not ideal if you want to move some time. Once you install solar panels, it’s harder to move them since you have to pay the same amount or more. Unless you’re sure your business won’t relocate or you keep the same main office, you won’t have to worry about committing to solar energy.
Check Out Why to Use Solar Panels for Business Here
Many companies have been going green and operating under sustainable practices. One of the common methods is by using solar power.
It makes several impacts on your business and the environment. Solar panels for business mean you get to save costs, maximize energy use, and lower harmful impacts on your surroundings.
So, if you want to learn more, check out the rest of our blog!