Installing commercial solar panels in your building has many benefits for your business, including reducing your energy costs. Additionally, solar panels play a huge role in improving the environment and lowering your carbon footprint. Here are seven benefits of installing solar panels on your commercial building.

Reduce Operating Costs

Solar panels use energy from the sun, which is free and abundant in supply. Installing solar in your commercial building can help lower your utility bills and save money. Energy rates keep increasing, and installing solar can help you save money in the future. You can use your energy savings to your cash flow and dedicate the saved funds to other projects.

Solar energy has a great return on investment as you will save a lot of money over the years. Moreover, the cost of installing solar panels has significantly fallen over the past decade. This is due to favorable federal policies that encourage the adoption of solar energy. The increase in demand for green energy and the low costs of solar energy has attracted many investors across the public and private sectors.

Energy Independence

There are various applications of solar energy, including solar building structure lighting to light up areas such as the pavilions, mailbox, and restroom facilities. Installing solar energy systems reduces your dependence on the power grid. You will only require a power supply from the grid when the solar is unable to supply enough power. This increases your energy options in your building as you can alternate between the grid and solar.

Environmental Savings

Solar provides clean and renewable energy that protects the environment and reduces your carbon footprint. Other forms of energy that utilize fossil fuels such as gas and coal degrade the environment by releasing carbon emissions. Greenhouse gases lead to climate change and increase global temperatures. This leads to severe environmental effects, including storms and wildfires. Using solar energy reduces the demand for fossil fuels lowers the emissions of greenhouse gasses.

Solar also helps reduce air pollutants which can lower the indoor air quality in your commercial building. This helps to improve the health and comfort of the building occupants. It also increases productivity in the office as employees are less likely to miss work due to health-related problems.

Increases Property Value

Installing solar panels in your commercial building can increase its value. It also reduces the time the building stays on the market when selling it. Property buyers are keen on energy savings and environmental protection. Solar makes your building more desirable, and you can sell it at a higher value.

Improve Your Reputation

Solar energy can help improve your reputation and public image. The public favors solar panels, and more people will associate with your brand since you support values like sustainability and environmental protection. A positive public image can help strengthen business relationships with vendors and suppliers.

Tax Credits and Bonus Depreciation

You can enjoy cost-lowering financial incentives from the federal and local governments by installing solar energy in your commercial building. The investment tax credit ITC allows you to take away 26% of your solar installation costs from your federal taxes. There is also 100% bonus depreciation thanks to the Tax Cut and Jobs Act that allows you to take a first-year deduction on your investment. This helps you save money and recover a considerable percentage of the upfront system cost.

Low Maintenance

Solar systems require very little maintenance and can last for a long time. They have a quiet operation and are exceptionally reliable. They are easily accessible in commercial buildings and rarely break down. Solar panels are installed in tampered, protective glass with an aluminum frame that does not corrode. They are durable enough to withstand harsh climatic conditions and the elements such as rain or strong winds. Professional solar installation ensures that their work efficiently and get favorable warranties.

More people are adopting solar power due to its numerous advantages and cost savings. The federal and local governments offer incentives that encourage more people to install solar panels. Installing solar panels in your commercial building will give you a sustainable energy solution that you will enjoy for a long time.

7 Benefits of Having Solar Installed on Commercial Buildings by Elizabeth Howard