Benefits of Solar for Businesses Big & Small

When owning a business, some of the highest overhead costs you have come from electricity. Electric prices all over the country are increasing, leading to high recurring costs that have many business people examining their usages.

Solar power is becoming hugely popular as an energy source for homeowners in the United States and is becoming popular for businesses as well. Many large industry leaders are taking advantage of solar, but it’s an excellent solution for small and medium-sized businesses as well. Let’s see how your business can benefit from switching to solar energy.

Assessing Your Costs

If you’re a business owner, you may not be familiar with how utility companies calculate your costs. Companies added a peak demand charge to their commercial customers based on the most amount of power you use in a 15 minute period of the month. This can be a large chunk of change, usually about 30-40% of your bill. Energy companies do this to properly assess the needs of the customer and keep the grid powered accordingly. Knowing that peak usage can drive your costs up, it makes sense to try to keep your usage low.

Paying for power with the electric company, you are subject to their fluctuating and expensive rates per kWh (kilowatt-hour). With solar, your cost per kWh decreases drastically. You want to invest in your business and your employees rather than throwing money out the window on energy costs.

Sustainability of Solar Energy

With commercial electrical power being a commodity, the price fluctuates. So your future costs can be unpredictable, making planning and budgeting more difficult. With growing concern for emissions, fossil fuel costs are on the rise, and the costs are passed down to the consumer aka business owners. Alternative options like hydroelectricity aren’t possible in all areas, but solar is one of the most viable options moving forward. With low overhead costs and yearly savings, investing in solar is a smart move for the future of your business.

Energy Independence

Another excellent benefit of switching to solar is the independence from energy suppliers. The weather throughout New England can sometimes lead to outages and failures, but those aren’t a problem with solar. It’s a much more reliable electrical supply and winter storms won’t leave you in the dark.

Incentives

If the recurring savings isn’t enough for you to seriously consider solar, maybe the incentives will. In 2021, the federal government is offering a 26% tax credit on PV solar energy systems. For Massachusetts residents, the SMART program is also available to home and business owners to compound the savings you enjoy from solar.

For more information on solar installation for your business, reach out to ACE Solar today. Our team can walk you through the entire process, including costs, timelines, and more. Contact us today.