Solar power was the fastest-growing source of new energy worldwide. In the past years, there have been continuous efforts to encourage growth in the renewable form of energy. The International Energy Agency reports of 2016 show that renewable energy accounted for two-thirds of new power added to power grids worldwide.
Before this too, the world has been in a continuous phase of building more solar-power plants. This is done in an attempt to increase the utilization of renewable power and make it economical at the same time. Since 2009, the total installed costs of solar have fallen by as much as 70 percent around the world. Therefore, the saving from solar has skyrocketed the profitability for businesses involving major power consumption.
In today’s time, every business is seeking rooftop solar solutions to cut down costs and run the business efficiently. Cutting down on the cost of power consumption helps to save a great deal from each operational unit or plant. Apart from this, there are various other benefits that it offers:
Builds financial stability – As the energy costs increase every year, the need of the hour is to rely on free or renewable sources of energy. Install solar photovoltaic panels to save yourself from the dependency on the energy industry is a wise decision to make. Moreover, the cost of buying and installing rooftop solar panels has gone down; thus, the initial investment has seen a significant drop.
Decrease carbon footprint – Now is the time when customers prefer businesses that are environmentally responsible. Solar panels allow the organizational setup to meet such requirements. It does not require elaborate infrastructure; small rooftop solar panel system can greatly reduce the carbon dioxide emissions.
Save during tax time – Photovoltaic panels or solar installation for offices are considered an eco-friendly step towards the betterment of the environment. It is seen as capital improvements and might be eligible for tax waivers. This further adds on to the return on investment from the system.
Add value to your business – A pre-installed solar panel becomes a good proposition if you wish to sell your home or office. This is because the world is progressing towards green energy and future buyers will appreciate the fact that the installation is already taken care of. They see it as a source that will reap energy savings immediately. Some states also have performance-based incentives, a way to receive payment for the electricity your system generates.
Pay low-maintenance enjoy long-lasting energy production – The individual or the business has to incur only the initial cost of installation. Once it has been installed, the rooftop solar panels require negligible maintenance. The maintenance and cleaning are required on an annual basis. This keeps the panels fully functional and producing energy over a span of 25 to 40 years.
Foster employee pride – Having a good employee base is as important as having a good clientele. Research has proven that potential talent is attracted not only to good pay scale but also the values an organization practices. The thought that the company cares about the environment makes the employees more invested in the company’s mission.