5 Reasons Businesses Are Going Green With Solar Panel Installations
For some business owners, installing solar panels for their business is a big operational decision. After all, time, cost, performance, and ongoing maintenance of your system can add up. Fortunately, there are many reasons for companies to install solar panels in addition to being environmentally friendly. No two companies are the same, so we’ve put together a list of two obvious and three not-so-obvious reasons why your business should consider going green.
1. Save money on energy costs
While electricity costs can account for a large portion of a business’s operating costs, many businesses can easily recoup the cost of their solar networks within five to seven years. You can better determine your electricity cost savings and energy generated from solar power after you’ve run your system for a while.
Equally important, solar energy ensures that you won’t have to pay for fluctuations in electricity costs, helping you save money every year.
2. Get the “Green” label
According to the USGBC (US Green Building Council), Buildings are responsible for 40% of the entire carbon footprint in the US Wouldn’t it be nice not only to contribute to the environment, but also to be known as a socially responsible business? It is also interesting to note that customers tend to reward companies that are socially responsible and make green decisions.
Solar power can promote your business as one that cares about the community, increasing your positive brand image while encouraging your customers to choose you over your competitors.
3. Get a good return on your investment
The payback period for a medium system is around 10.5 years, leaving you 14.5 years without worrying about electricity bills. Government investments and decreasing equipment costs make solar installation a solid investment, so relying on solar energy for your energy needs means you can save a constant amount of money every week, month, year, etc.
Also, having a solar network installed for your business is a good way to increase your market value. A solar power system does not raise property taxes like any other modification would. If you decide to relocate your business or simply sell the building, you will be able to price it higher and receive a better return on your investment.
4. Support the local economy
Being a socially responsible company can mean many things. This role may include how you give back to the community and how you care for the people in it. Solar installation is an on-site job and the people who install these systems are often from the local community. This means that a higher demand for solar projects in the area will result in a greater availability of well-paying jobs in the solar installation sector.
Depending on what you sell, another advantage is that these workers will interact directly with your company and be more informed about the products and services you offer, resulting in potential customers in the future. It is beneficial for everyone.
5. Boost employee morale
Employees feel connected to their companies and are affected by operational decisions. They share the successes and failures of a company and may be satisfied with decisions related to sustainability. Research conducted by the Centro Ateneo de Investigación y Desarrollo (ACORD) concluded that companies that care about their environment and their community have less employee turnover.
Today, many people are environmentally conscious. The fact that your business relies on solar energy may not be a major factor in when someone decides to join your company, but it may be something that resonates with your personal beliefs and strengthens your commitment to your business a bit.
Solar Investment
As you can see, solar energy can be a good decision for your business in both the short and long term. It’s a large capital investment, contributes to a healthier image of your business, and saves you operating costs.
