1) The Only Capital Investment That Will Generate An Attractive ROI
Now more than ever, companies must be careful to allocate their capital between investments that will provide the maximum return. From an ROI perspective, an investment in commercial solar panels can be best returns of any capital investment your company makes. When analyzing such metrics as net present value (NPV), internal rate of return (IRR) and payback period, few other capital investments can match solar.
2) There Are Significant Tax Advantages
The Government is very interested in solar power – so much so, in fact, that there are many tax advantages to installing a system. These will reduce the effective cost of your array by 30% or more, allowing you to see a positive return on the investment that much sooner. Tax advantages vary by area, so ask for professional guidance.
3) You Can Reduce or Eliminate Exposure to Future Electricity Rate Hikes
Rate hikes are a fact of life, especially as new demands are put onto the current grid. However, solar power’s renewable nature means that you’ll be able to avoid most or all of the costs associated with getting electricity from the grid. Much of this depends on the kinds of arrays you can actually fit onto your building, but solar power for small business can often take advantage of shared roofs and other areas where light can be collected.
4) The Increase in Net Income will Boost the Value of Your Business
Some areas allow for electricity to be sold back to the power grid, turning the solar panels into a money-making machine. However, even if that’s not available in your area, your business will see an improvement in net income that ultimately boosts the value of your business. This can make it easier to get loans and keep growing, making solar power for small business a true investment in the future.
5) The Reduction of your Carbon Footprint, your Adoption of Renewable Energy, and other Sustainability Practices will Benefit Future Generations
We only have one world to enjoy, at least for now – and reducing your carbon footprint now can add up to a big change over time. These are direct benefits for the world that your children will be living in, and it’s an effect that can take place while simultaneously helping you business succeed. In all honesty, is there any better reason to do something?
Most people focus on major solar installations, but the truth is that solar power for small business has become an increasingly viable option. SolarGaines can help you navigate your options, crunch the numbers, and find out just how great the return on your investment could be – call (410) 785-1760 or visit SolarGaines on the web today for more information on the available opportunities for commercial solar installations.