With electricity rates on the rise, business owners need practical methods to offset their utility costs. Commercial rates will reach a 7.7% increase by the end of 2022 compared to 2021, with no signs of slowing. Investing in a solar energy system today can reduce the utility costs that your business will have to deal with.
Did you know that your property could be an unseen source of profits for your business? A solar energy system enables you to take advantage of the surface area of your property to drastically reduce your utility costs. Companies across the United States are going for these investment opportunities in growing numbers, with 2021 having seen a 5% increase despite economic downturns.
There are likely many areas on your property that are perfect for utilizing solar energy. For most businesses, the rooftop is a major asset that can support a solar energy system capable of significantly reducing utility costs.
Businesses can also use available space on auxiliary buildings and other structures to augment their savings or when rooftop space isn’t viable. You can even install a custom solution for a parking lot, one that will allow for an extensive solar energy system and even protect vehicles from the elements.
A prime example of how creative solutions can provide utility reduction for any business is the project that the team at Geoscape Solar completed for Franklin Mutual Insurance Group. Once completed, the solar energy system accounted for 73.6% of the company’s energy usage.
The unique design implemented multiple solutions to maximize utility savings. Geoscape designed and installed a carport system that covered a significant surface area over the parking lot, along with a ground mount system that turned empty space around the facility into a steady source of utility savings.
What are advantages of solar energy that make it one of the most attractive investment options in many situations? A rapid ROI is a prime benefit that businesses will enjoy with a commercial solar energy system installation.
With a solar energy system, your business will profit from significant utility savings. When paired with lucrative incentives and financing methods, these profits provide some of the shortest payback periods of any investment that your business could make.
Not only will you save money on your utilities every month, but you will also offset a significant portion of your investment with incentives such as the 30% federal income tax credit. This newly renewed and increased tax credit applies to all your commercial solar energy system acquisition and installation costs.
Even after you’ve recouped your initial investment, your business will continue to benefit from reduced utility costs for years. Solar energy systems have expected lifetimes of twenty-five years or more, so your initial investment will secure decades of utility savings.
It isn’t difficult to see the advantages of solar energy that make it the perfect investment for your business. However, is this an investment that your business can afford to make today? The answer could be yes in more situations than you realize.
Even if your property doesn’t seem suitable at first, a custom design could enable your business to enjoy reduced utility rates. Along with practical versatility, commercial energy systems are also available through a wide range of financing options.
Depending on your specific circumstances, you may be able to take full advantage of the value of a solar energy system on your property without putting any money down. Power purchase agreements and operating leases are agreements that you can make with a third party to reduce your utility costs by installing a solar energy system with no financial investment on your part.
What are advantages of solar energy for businesses that you will benefit from with the right commercial solar solution? You will reduce utility costs for years to come, maximize the value that you receive from your property, and make an investment that pays off in both the short and long term.
Geoscape Solar makes profitable commercial solar energy a reality by finding the best solution for your unique needs. You can take full advantage of solar energy and achieve maximum utility cost reduction with expert design and construction and some of the best financing options available today.
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!