In 2019, homes and offices in the US used 21 quadrillion British thermal units (Btu) of energy. That represents a staggering 28% of the country’s end-use energy consumption that year.
So, it’s no wonder that the average office building spends almost a third of its budget on utilities alone. Early studies estimate the average energy costs of offices to be about $30,000 a year.
If you’ve grown tired of your own business’s massive energy bills, it’s time to switch to solar energy. In doing so, you can drastically reduce or even eliminate your electricity bills.
In any case, we’ll discuss some of the top solar energy benefits below, so be sure to keep reading!
Cut Back or Even Eliminate Your Electricity Bills
No matter how small or big your solar photovoltaic (PV) system is, it will let you trim your business’s energy use. However, a big enough system can supply your business’ entire energy demand. In this scenario, you can eliminate your electricity bills.
You may even get credits if your panels generate more solar energy than what your business needs! This is through a net metering program, as explained by https://blueravensolar.com/utah/. You can then use the credits you get from your utility company to lower your bills further.
Long Term Energy Cost Savings
Modern solar panels have an average lifespan ranging from 20 to 30 years. So, even if it takes about 10 years for you to recoup your installation costs, you have 10 to 20 more years to save. You can then pocket everything you save after you recoup your initial costs.
Speaking of costs, commercial PV panels are still eligible for the 26% federal tax break this 2021. In fact, Congress extended this until 2022. Come 2023, commercial solar tax credits will drop to 22%, and finally, to 10% by 2024.
There’s no cap on the creditable amount, so if you want to get the most incentive, consider going solar this year.
Going Solar Is a Huge Step to Becoming a Green Business
Carbon emissions are the primary sources of greenhouse gas (GHG) emissions. GHGs are the gases primarily responsible for global warming.
The more fossil fuels burned to generate electricity; the more GHGs emitted into the air. So, the more of this electricity your business uses, the heavier its impact on global warming.
Solar energy is one of the cleanest energy sources, emitting 80% less carbon than fossil fuels. As such, you can considerably lower your business’s carbon footprint by going solar.
Eco-Conscious Brands Attract More Customers
As many as two-thirds of consumers prefer brands with environmentally-friendly practices. Many of these consumers also say that they’re even willing to pay more to buy green products.
Now, keep in mind that renewability and sustainability are chief solar energy advantages. So, switching to solar can give your business the added benefit of gaining more customers.
Solar Energy Benefits Everyone
Solar energy, being one of the cleanest energy sources, benefits everyone. As a bonus, businesses get to save on energy costs while also attracting more customers. That should be enough reason for your own business, whether small or big, to go solar this year.
Ready for more tips and tricks to expand your business know-how? Then be sure to browse our other guides for more informative guides like this!
The post The Benefits of Powering Your Small Business With Solar Energy first appeared on Mind My Business.