Contemplating the investment in solar power for your business can be utterly daunting. Between the initial expense and worry over whether it will pay off, you might be stressed about making the best choice as a business owner. But did you know that every 10 seconds, the sun generates enough energy to power everything on our planet. Letting your business tap into this unlimited, free power source is one of the smartest business choices you can make—and it’s a win for the future of our planet, too. Here at Modernize, we’re passionate about helping people live a more eco-friendly lifestyle—here are the top reasons why investing in solar is a strategic move for your business.
When it comes to businesses these days, perception is key, and (thanks to the Internet) people pay attention. Businesses that have chosen to implement green initiatives like solar power and cutting carbon emissions have seen their profit margins grow, some upwards of 20 percent, as the public learned of their eco-friendly business practices.
Recruiting and Retaining Employees
It’s not just your consumer base who cares about ethical business practices. Your current and future employees do as well! A study conducted by UCLA found that when a company chooses to invest in eco-friendly business practices, their employees are 16 percent more productive than average. Employees who believe in the heart of a company are also more likely to stay with a company, rather than seeking another opportunity. All of this leads to a better top and bottom line for any organization!
Businesses across America spend over $6 billion a year to light their parking lots with traditional power sources. When your company chooses to use solar parking lot lighting like these from SEPCO, you will immediately begin seeing huge savings on your utility bills. Alternatively, if you are only just beginning construction of your parking lot, solar lighting will save your budget the expense of having to dig trenches and lay new electrical lines.
When making equipment purchases, buying items that are known for their long life expectancy and exceptional warranties just makes financial sense. The less frequently they break, the less time (and money) wasted having them repaired. In the past, solar panels were notorious for requiring constant maintenance, but that is simply not the case anymore. In fact, SEPCO solar panels last for over 30 years on average with LED light fixtures providing upwards of 100,000 hours of free light. Should something go wrong before then, your business is in good hands since SEPCO products come with one of the best warranties in the business.
The US government has established the solar investment tax credit (ITC) which allows businesses to receive a tax credit of 30 percent of the total cost of your solar photovoltaic system. Plus, there is no cap placed on the size of your investment whatsoever, making it possible for your business to meet all of its solar energy needs. But the time to act on this is now! The ITC is set to decrease to only 10 percent in 2017. State governments are also encouraging their citizens to invest in alternative energy sources, and websites like DSIRE can help you find any incentives that your state may additionally have.
From money saved to profits earned, it just makes sense to take the plunge into solar power today!
About the Author: Bryn Huntpalmer is a mother of two young children living in Austin, Texas where she currently works as an editor and writer for Modernize.com with the goal of empowering homeowners with the expert guidance and educational tools they need to take on big home projects with confidence.