With the growing appeal of renewable energy sources in recent years, solar power has become the go-to option for many businesses desiring to lower energy costs and reduce their carbon footprint. But is investing in commercial solar panels actually worth it? After all, it’s important to consider whether commercial solar’s benefits, as well as what it takes to get the most out of your commercial solar installation, make the most sense for your unique business.
3 Valuable Benefits of Commercial Solar Panels
Long-term Cost Savings
Perhaps the most direct benefit of commercial solar panels is the positive financial impact on your business’s bottom line. By installing solar panels on your office or warehouse, your business can actually generate its own electricity, reducing your reliance on the local power grid. This means lower energy bills and extra money to put towards other important aspects of your business. And even better, several government and local authorities currently offer incentives, grants, and tax credits for commercial solar installations, making the upfront costs to install solar more doable than ever.
With most panels offering warranties of 25 years or more, commercial solar power systems also have reliably long lifespans. Considering the big picture investment of commercial solar, once its initial installation costs are recovered, your business can enjoy virtually free electricity—for decades. Combine this with a solar power system’s minimal maintenance requirements over its lifetime, and the long-term cost savings continue to add up.
Sustainability and Clean Energy
In addition to putting more money into your business’s pockets, commercial solar provides clear environmental benefits as well. As more industries continue to adopt sustainable business practices, your investment in solar power demonstrates your commitment to clean energy (and prepares your company well in the event of future government regulations). By generating electricity from the sun, you’re decreasing your carbon footprint by reducing greenhouse gas emissions, contributing to a better tomorrow for both your team and future generations.
Enhanced Company Image
Your investment in a commercial solar power system can also boost your company’s reputation and brand image. With consumers becoming more environmentally conscious (and especially as younger generations attain more buying power), they increasingly desire to support green businesses that prioritize sustainability. By going solar, you can position your company as an environmentally responsible organization, standing out from your competition while attracting conservation-minded consumers and stakeholders. This means you can generate additional revenue by marketing your clean energy efforts.
Before Investing in Commercial Solar Panels, Consider These Key Factors
While the benefits of solar panels for business are undeniable, you must consider a few important factors before moving forward. Perhaps the most significant is the upfront cost, as solar panel installation can require a substantial initial investment. Yet by calculating the system’s payback period and weighing the long-term benefits, you can confidently determine if the financial investment is worth it for your company.
You also need to determine whether the physical resources you have on hand will enable your commercial solar power system to thrive. Commercial properties with abundant rooftop space or unused land are ideal for solar panel installation as they maximize the potential for power generation. If your business has limited space however, you may need to explore alternative solar options like ground-mounted systems or solar carports.
At the same time, the amount of sun your property receives will impact your system’s efficiency, so it’s important to consider your property’s geographic location, sunlight intensity, and shading. To properly assess your local solar potential, conducting a solar feasibility study or energy audit will help determine your optimal energy output and the financial viability of a commercial solar installation.
Your business’s energy consumption patterns should even be evaluated during your solar exploration, as your load profile and electricity demand can help you determine the correct system size you need. To ideally maximize the cost-saving potential of commercial solar panels, you must find a proper balance between energy production and the electrical consumption required to operate your business.
Partner with Trusted Commercial Solar Experts to Get the Most Out of Your Investment
It’s clear that commercial solar can bring significant long-term advantages for businesses seeking energy savings and environmental impact. However, there are a few important factors to weigh before your company can determine if it’s worthwhile. By partnering with expert solar panel installers, you can get the clarity you need to make the right decision.
At Envalence Energy and Solar Solutions, we’ve helped businesses like yours accurately assess their solar viability and maximize their investment with a commercial system tailor-made for their needs. To identify whether commercial solar is worth it for your business, schedule an energy audit with us today.