The cost of commercial solar panels has dropped by 69% since 2010. Their efficiency has also risen to up to 22.8%.
This makes them a viable option for any business. They are more than a way to get alternative power; they are an investment that will yield quick and impressive returns.
Read on to learn the many benefits of solar panels on commercial buildings.
The traditional power grid fluctuates in supply and demand, leaving businesses forced to pay current market rates. They are not protected from other future changes such as resource availability, government regulations, and the move away from fossil fuels.
Installing solar panels means they’re not dependent on other sources of power anymore. They will always have a reliable and continuous source of energy.
Solar panels are also a single investment that can drastically reduce your overhead. They will lower your energy bills, and you will not have to worry about random spikes throughout the year. This alone can create an impressive return on investment.
Solar panels are durable and can endure almost any type of weather. They do not have to be maintained or replaced for years.
This means you will not need to hire anyone, build equipment, or waste space to maintain them. You can leave them on your roof and reap the benefits without a second thought.
Most buildings see a rise in their taxes as their property values increase. The opposite is true when installing solar panels on commercial buildings. They are exempt from municipal property taxes and can save you money with the IRS.
They make you eligible for several tax breaks depending on where you live, including:
These breaks can get you a percentage of the cost of labor and installation, let you write off your system in the first year, or even reduce your tax liability. They apply to any solar panel system, and working with a professional ensures you take advantage of all of them.
89% of shoppers stay loyal to brands that share their values. 13% of consumers will pay more for your products or services from brands they believe are making a positive impact on the world.
Solar panels achieve both of these feats. They show that you care as much about the environment as your customers do and that you are working to improve it.
Solar panels on commercial buildings can make them more attractive to potential buyers. They will pay more for a renewable, environmentally friendly source of energy that lowers their electric bill and provides tax breaks.
The exact increase depends on factors such as where and how you install solar panels. Make sure that they are the right fit for your building, provide enough energy, and are placed by a quality installer.
Solar panels on commercial buildings provide an alternative source of power so that you are never left in the dark. They also reduce and prevent sudden spikes in your energy bills.
They are durable and easy to maintain and give you access to helpful tax breaks. They improve your brand image while you are in business and improve your property value if you ever decide to sell.
Rain Man Roofing can get your solar grid up and running. Contact us today to begin.