Residential and commercial solar power has steadily increased over the last few decades. This is especially true compared to other forms of electricity generation.By 2025, the percentage of electric capacity addition from solar could be 71 percent, up from 46 percent in 2022 (which was itself a significant jump from just a few years prior). This is good for the environment but also for businesses that leverage solar. If you are considering commercial solar installation, keep reading. This article lays out three of the main benefits of solar panels for commercial buildings. The information below will help you determine if solar energy solutions are right for you.
1. Utility Savings
One of the main benefits of installing solar panels for commercial buildings is cost savings. By generating your own electricity from the sun, you reduce reliance on grid power. How much you save on your energy bill depends on your building and solar setup, but it could be significant. The average home can generate about 35,000 kilowatt hours of electricity every year. Many commercial roofs are larger and have the potential to produce much more power. Also, there are federal and state tax incentives for going solar. For instance, the current federal tax credit is 30 percent of solar panel system and installation costs. These benefits can go a long way toward offsetting the upfront costs of solar installation. (Learn about solar panel cost impacts here.)
2. Energy Independence and Stability
A related benefit for businesses that install solar is a greater level of energy independence. By producing their own electricity, you become less vulnerable to fluctuations in energy prices.These are common with fossil-fuel power. They stem from supply disruptions related to political turmoil or other uncontrollable causes.Businesses are also less vulnerable to power outages or emergencies when they go solar. That is especially true if you have installed battery storage with your solar power system. This can translate to better continuity of business operations and functions. Finally, solar generation can make energy consumption much more predictable. This can be a huge plus in terms of budgeting and planning.
3. Environmental Impact
Another major benefit of installing solar in businesses is the positive environmental impact it has. As their name suggests, renewable power sources like solar do not deplete the Earth’s resources. They capture and use energy that is already available and that can be replenished.Now more than ever, consumers want to reduce their carbon footprint. One way to do so is by supporting businesses that promote sustainability.Regardless of what type of business you have, you likely have customers who want their money to go to good causes. Environmental stewardship can be a positive marketing quality for your business.
Learn More About the Benefits of Solar Panels for Commercial Buildings
Now that you understand the advantages of business solar panels, you can determine if it is right for you. An experienced installer can further advise you on leveraging renewable energy for businesses. We hope you found this information on solar panels for commercial buildings helpful. If so, be sure to take a look at some of our other stories, including those on business, finance, law, technology, culture, and more.
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