- Nick Sylvestre
Solar, a good idea for any business.
Updated: Sep 10, 2020
Commercial solar makes great business sense even if you are a nonprofit. You can lower your current operating expenses, increase revenue, provide peace of mind against rising energy costs, and tap into the growing customer base that look for environmentally responsible vendors that are focused on sustainable energy strategies.
Government & Utility incentives combined with recent decreases in equipment prices make the investment in solar a good financial decision for businesses, public agencies and nonprofits like schools or YMCAs. An investment in solar power can generate quick payback as well as long-term savings.
Reduce operating costs
Solar power systems can reduce or eliminate your business’s electric bill. Power purchase agreements are a great way to accomplish this goal without having to put up any capital.
Hedge against changing utility rates
As demand for energy rises and non-renewable resource pools shrink, the cost of energy goes up and events beyond your control can cause sudden short-term spikes in energy prices, putting unnecessary stress on your business.
Installing your own solar power can reduce or eliminate your exposure to rising electricity rates. The portion of your energy usage that is generated by your solar system is no longer subject to short- or long-term increases in electricity rates. In fact, the more prices rise, the greater your savings will be.
Become a green business
Generating electricity from solar energy means your company uses less fossil fuel, reducing pollution and greenhouse gas emissions. By switching to solar power your company does its part to fight climate change and to reduce the country’s dependence of foreign energy sources. But the benefits go further – being a sustainable business can not only reduce your operating costs, but can also be a positive public relations and marketing tool. Research shows that a growing number of consumers make their buying decisions based on companies’ environmental responsibility.
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