A lot of companies are wary of making the jump towards installing a commercial solar power unit due to concerns about the initial investment required, alongside a range of other factors. However, in an increasingly environmentally-aware climate, couple with the constant need of many companies or electric power, they are becoming much more feasible as a solution when compared to more traditional systems.
Lower Electricity BillsAs such, there are a number of benefits to commercial solar power that businesses should take into account when assessing their energy needs and the systems they can out in place to ensure that they have everything that they require. The following are some of the key advantages that solar have over other power systems.
Lower Electricity Bills
Paying for electricity is one of the largest ongoing costs that many businesses are going to have to face and the bills are only going to get larger as the business continues to expand. A good solar power system has the ability to massively reduce your energy bills, even pulling them down to zero in many cases.
This saving can have a tremendous impact in the long-term running of the business and will quickly allow you to make back the money that you spend on the initial investment.
As such, you can expect your bills to be much lower once you make the switch to commercial solar power, which allows you to save more money that can be used however you see fit. This means that such a system not only reduces your overheads, but increases your ability to invest elsewhere, thus allowing for further expansion of the company in some cases.
A Sound Investment
The return on investment when making the switch to commercial solar power has already been covered, but this is not the only way that such a system can offer you excellent returns on the money you pay during the initial stages of the transition.
Not only will you make savings on your energy bills, but you also make the building a much more attractive prospect for future buyers. Regardless of how stable you believe your company is, changing market conditions could mean that you need to sell at some point in the future. With a solar power system in place you will be able to command a higher price from potential buyers, who will be secure in the knowledge that they will save money in the long-term thanks to the installation.
Furthermore, they also make a sound investment for building managers who are looking to rent out office space. Companies will find the idea of lower energy bills extremely attractive when looking for space to rent, so if you can offer that by way of a commercial solar system, you will be able to attract more demand for the building that you manage. This increased demand can have an effect on the prices that you charge for other facilities, while the money you save can be invested back into the building to make it an even more attractive prospect.
Lower Maintenance Costs
If we disregard the much higher energy bills that companies using traditional systems are likely to have to pay, there are also overheads involved when it comes to properly maintaining older power systems. In many cases such systems will have been a part of the building for many years and will thus deteriorate over time due to extended periods of use. If you own the building, the odds are high that you are going to have to carry out fairly regular maintenance work, which bumps your overheads up even more and takes a sizable chunk out of the company’s revenue.
However, with a commercial solar power system the issue of maintenance essentially becomes a thing of the past. As long as the installation is carried out to the proper professional standards, you should find That your solar panels have a minimum lifespan of 20 years, with many being able to generate all of the electricity your business needs for as many as 40 years. This drastically cuts down on the amount of money you are going to need to put aside to deal with power issues for the building.
Going Green
We touched on the issue of environmental awareness a little earlier on and it is something that is becoming an increasing concern for many companies in the modern world. On a practical level, a commercial solar power system allows for you to reduce your reliance on costly fossil fuels. Not only does this pull down your bills, but it also means that you get to market yourself as an environmentally conscious company that is doing everything it can to battle the hazards presented by the issue of global warming. It also means that you no longer need to rely on external suppliers for your energy, creating a self-sustaining flow of electricity for the company.
Coming back to the marketing point for a moment, businesses will also find that such systems are an excellent public relations tool. Many people make decisions based on the effect that they will have on the environment, which means that there is a sizable portion of potential customers who are more likely to make use of the services that your company has to offer simply because you have established yourself as environmentally aware. Simply put, it is a win-win situation in terms of cutting down business costs and improving the marketability of your company.
The Final Word
Commercial solar power is becoming increasingly popular because of the reasons that have been touched upon here. Furthermore, you will find that many states offer rebates and other incentives for companies that are looking to go solar, which often cover much of the initial cost in addition to making the long-term prospects of such a system even more appealing.