Commercial Solar Power: Lowering Business Utility Costs

Rising utility costs across the country have become a burden on businesses of all kinds. In the US, the average commercial electricity rates are up by over 6% since 2021. Forecasts show that they may rise another 2% by 2023.

Commercial solar power is an investment opportunity that enables your business to cut costs in this critical area so you can invest the increased bottom line into your business. Due to its long lifespan, a solar energy system enables you to continue saving long after your initial ROI. Commercial solar power is highly accessible and your business can get started now!

Lowering Utility Costs to Help Your Business Grow

There are many ways that business owners can grow their companies. Along with creating new products and services and continuously improving performance, businesses can also make smart investments. Research from global management consulting firm McKinsey & Company found that more than half of top-growth companies achieved growth with an investment mindset.

That means the best investment that you can make in your business today is one that enables you to continue to make more investments in the future. Commercial solar power is just such an investment, as it has a fast ROI to recover your investment quickly and ongoing savings to fund future growth.

With the money that your business saves on utility bills year after year, you can invest in other areas that help you drive growth. Those savings could mean the difference between hiring a new employee or having to stretch your team thinner. They could also enable you to invest in more inventory to serve more customers or make improvements to critical business systems.

Your continuous energy savings could go toward reducing energy costs even further in the future. Your business can use that money to invest in new HVAC systems and other upgrades that will save you more on utility costs every month.

Getting Your ROI and Continuing to Enjoy Utility Savings

Smart investments for your business will have two key qualities: a short payback period and continuous returns. Commercial solar power delivers exceptional performance in both areas, giving it a key advantage over other investment opportunities for your business.

The average expected payback period for rooftop solar energy systems can be as little as four years, so your business recovers its initial investment incredibly quickly. Depending on the specific funding option that you choose for your solar energy system, you might not have to make any initial investment at all.

Commercial solar power enables you to get your money back quickly, but it also provides utility savings for years to come. Solar energy systems can have expected lifespans between twenty-five and thirty years. Combine that with a payback period of four years, and you can expect to keep saving twenty-six years after you’ve already made your initial investment back.

Solar power is an investment that works for the immediate future and long-term growth of your business. There aren’t many other options out there that can deliver both.

Investing in Commercial Solar Power Today

Investing in a solar energy system for your business can generate rapid returns and lasting energy savings. However, you might worry that your business doesn’t have the cash flow to invest right now. But various funding options make commercial solar power more accessible than ever.

Investing in solar energy enables you to leverage your roof area, parking lot, and unused property space to save money. You can take advantage of this opportunity, without putting any money down, through a power purchase agreement.

In a power purchase agreement, a third party will own and operate the solar energy system on your property. Your business will then purchase the electricity generated at a discounted rate. You save on your energy bill without the need for any capital investment or operating costs.

You can also make use of conventional loans, like you would with any other prudent business investment. You’ll gain access to a wide range of federal credits and state incentives to make your investment even more profitable. No matter your current situation, the chances are that commercial solar power is likely within your reach.

Finding the Right Commercial Solar Power Solution for Your Business

An investment in commercial solar power today can reduce your utility costs for years to come. The savings can give your business the freedom that it needs to continue making effective investments to thrive and grow. You will get the greatest benefit possible by going with the commercial solar power professionals at Geoscape Solar. They will take care of every step in the journey of turning your rooftop and available property space into a source of constant savings. From financing and design to installation—Geoscape Solar handles it all.

At Geoscape Solar, we help businesses utilize solar energy for profit. Your business will become energy independent, be able to decrease utility costs, and leverage available solar incentives for a quick ROI.

To discover how installing solar energy on your property will increase your business profitability, contact one of our energy specialists!