Did you know that 92% of consumers are more likely to trust brands that they see as environmentally friendly? Or that employees at eco-friendly companies are 16% more productive than average? Going green can help benefit your business in more ways than one, which is why there has been a big increase in solar panel installations at businesses over the last few years. Find out how Go Solar Energy can help your business flourish by going green!
The cost of electricity makes up a large chunk of a business’ operational expenses, and it’s constantly on the rise. In fact, the average business’ electricity bill is almost $2,000 a month! But, for those businesses that switch to solar energy, the price of electricity typically drops to almost $500 a month, a 75% reduction. A Go Solar Energy agent can compare solar plans in your area and find one that could give you similar savings, or could even eliminate your electricity bill altogether: your solar power system could produce enough energy to offset the electricity you were pulling from the utility grid.
Improve Your Brand’s Image
As the stat we mentioned earlier shows, being seen as a “green” business encourages customers to choose your business over others, and what more visible way to be green than installing solar panels? Solar energy is renewable, and environment-friendly, which people love to hear: it makes them feel like your company truly cares about the environment, and that social responsibility is part of your company’s values. Customers will spread the word about your business and your decision to go green, which means more growth for your business!
Boost Employee Morale
The values of your business can also affect the mood and productivity levels of your employees. If you make your business a rewarding place to work, and show that you care about the environment, your employees, and the world, you’ll make employees feel good about where they work, which will boost morale, ultimately leading to higher productivity levels.
One of the biggest benefits you will get from switching to solar energy is the tax benefits. There are local, state, and government tax benefits you can get when you install solar panels on your business, including:
- Federal Investment Tax Credit (ITC) – This tax credit will give you a 26% rebate on the overall cost of your solar power system; for example, if you purchase a solar panel system for $20,000, you can get around $5,200 back with this tax credit, which is a lot of savings! Just be aware that this benefit will decrease to 22% in 2023, and to 10% after 2023, so you might want to act fast.
- Solar Renewable Energy Credits, (SRECS) – These credits allow you to earn additional income from solar energy generation. You can earn one SREC for every megawatt hour (MWh), or 1,000 kilowatt hours (kWhs), of electricity your solar panel system generates.
A Go Solar Energy agent can work with you to find out what other incentives and tax credits your company might qualify for, so you can save even more money.
Excellent Return On Investment
Solar power systems are not cheap, and are a big investment for your business, but the savings you incur over the years will give you an excellent return on your investment and make the initial expense worth it in the long run. Not only will your energy bills decrease, but the tax credits and rebates you can get will help you save on the cost of the system itself – that means, once the installation has been paid off, your solar panels will provide free energy! Not only that, but solar panels will increase your business’ property value, so if you decide to move your business and sell the building, you can get more money for it.
You’ve worked hard to build your business from the ground up, and we know you want to grow your business as much as possible – and going solar can actually help you do that! If you are considering solar panels for your business because of all the money-saving and brand and productivity-boosting benefits, Go Solar Energy can help you. It can take a lot of work to find the right solar company and the right solar power system for you, but our highly trained agents work with the top-rated companies in the country, and can compare all solar plans in your area to find the best one available. To get free instant quotes, simply enter your zip code in the bar on our homepage, or to speak to a licensed agent, call 888-290-3112.