As more attention is given to climate change, solar panel technology has been improving rapidly. A couple of years ago, solar power was not viable for most businesses due to low output and high installation costs. Today, millions of businesses are having solar panels installed. Take advantage of the improving technology with West Coast Solar, Inc! Today, we discuss the advantage of installing solar for your business in Brentwood, Sacramento, or San Jose. Here are some of the benefits of solar!
Lower Overhead Costs
As with most businesses, a healthy bottom line is essential for smooth operations. While most overhead costs, like rent, are fixed, this is not the case with most energy costs. Having solar panels installed will, in the long run, save your business thousands of dollars associated with keeping the lights on. Having solar panels installed at your business also shelters you against occasional spikes in electric billing outside your control. This allows your business to survive energy shortages a lot better when compared to your competitors, which allows your business to compete better, too!
Tax Benefits From Solar
The government, both state and federal, acknowledges the harm that fossil fuels have caused to the climate. As such, they have created incentives to limit fossil fuel usage by encouraging solar adoption. Businesses can get tax benefits when they install solar panels; this limits the installation cost, which in turn eases adoption costs. These benefits are not restricted to commercial solar but apply to residential solar, as well. The Federal Investments Tax Credit allows people using solar to get 26% of the overall cost of the solar power system as a tax rebate while the Modified Cost Acceleration System allows businesses to write off the depreciation of the solar system in one year as opposed to being spread out over many years. This will enable businesses to finance the installation easily, as well as improve cash flow.
Long-Term Environmental and Financial Rewards
Depending on the size of your system, installing solar panels and adopting solar power will more than pay for itself, especially when combined with the tax benefits you’ll get for it. Businesses that adopt solar reap the benefits of having very low or even no power charges on their books. Having solar would also attract business from individuals and businesses that are environmentally conscious, which bolsters the bottom line. In addition, many businesses are quickly becoming even conscious of using solar as a strategic advantage in their financial planning.
Independence From the Grid
Having your power come from the electric grid makes your business susceptible to power outages that are well out of your control. Therefore, independence from the grid is particularly attractive to businesses that rely on services that are sensitive to power outages like cold storage, which could cause loss in the case of an unplanned outage.
Solar power is the future of power supply for businesses, as it is reliable and can come at low cost in the long run! West Coast Solar, Inc offers solar installation in Sacramento, Brentwood, and San Jose. Contact us today to get solar power installed for your business today.