The Positive Effects of Solar Panels on Your Company
Despite the fact that solar panels are increasingly being used, they still only generate a negligible fraction of the world's total electricity consumption. Think about the fact that more solar panels were installed in Australia in just two years (2014-2015) than in the entire 38 years prior to that. There are currently enough solar panels in Australia (about 480,000) to provide electricity for about 2.4 million homes.
But solar panels can be used to power more than just permanent structures. Many campers today use solar panels to provide electricity for their recreational vehicles. The capacity to have reliable electricity even in remote areas is the primary advantage of this alternative power source. Off-grid capabilities provided by solar panels mean that you can take your RV just about anywhere in the world without having to give up modern comforts like running water, electricity, or kitchen appliances.
Considering the cost of installing and maintaining a solar energy system, are you discounting it as a potential business energy source? Although while solar energy is becoming increasingly popular in homes due to its many benefits, this is not where its applications end. There has been a 487 percent increase in the installation of commercial solar energy systems over the past five years.
Many benefits exist for commercial enterprises that switch to solar power.
Cost savings in operation areas.
Paying for itself many times over, a solar energy system can drastically cut (or even eliminate) your company's electric bill.
Fixed prices for electricity.
With a solar power system, you can guarantee yourself minimal energy bills regardless of what happens to the price of oil in the barrel. Consider the possible savings during the system's expected 25–40+ year lifespan.
Very satisfactory rate of return.
When you put money into solar, you'll see returns in the short and long term. Solar energy systems begin generating a return on investment from the first day they are operational, and models purchased with cash typically pay for themselves within 10 years of installation, or less depending on the state in which the system is located.
Enhanced worth.
Potential customers will be more interested in purchasing your company if you install solar energy systems and reduce their operational costs.
Clean, efficient, and quiet, solar energy systems can run for 25 to 40 years with minimal upkeep and long-lasting warranties.
Lowered contribution to global warming.–*
Using the sun's free solar energy implies less reliance on fossil fuels, which in turn reduces pollution and glasshouse gas emissions. Making an investment in solar is good for the bottom line and the planet, and it sends a message that your company cares about the future of the planet and its inhabitants.
Tax breaks and other perks from the government.
Solar makes economic and environmental sense, and the government recognises this. That's why they've implemented so many generous rebates for solar panels. Among these are unlimited 30% federal Investment Tax Credits (ITC) for the cost of a system. The solar rebate and incentive systems of your state and local energy provider are likely to be just as generous. These bonuses have the potential to cut your expenses in half. Sun renewable energy certificates (SRECs) should also not be forgotten.
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