24 Apr The 8 Advantages of Solar Power for Commercial Business
With the unstoppable demand for electric power coupled with the increasing environmental awareness, fuel is no longer a viable option for the future of energy resources. We need a greener, more sustainable solution. The answer is solar power.
In fact, solar power is growing at impressive rates. As of 2015, 40% of new electricity came from solar, making it the second largest source of renewable energy in the U.S. What’s more, as solar panels are becoming cheaper, the future is looking bright. Solar power is a solid, attractive investment opportunity, promising stable, long-term returns. For commercial businesses that are looking for ways to cut down the energy bills and reduce greenhouse emissions, solar energy is the solution. Let’s take a look at some of the greatest advantages of solar power.
1. Renewable Energy Source
There’s no denying that solar energy is a renewable energy source. Unlike oil and gas, you can harness the power of solar energy wherever you’re in the world. So as long as the sun is still rising and setting every day, we can directly utilize solar radiation for electricity usage.
2. Reduced Operating Costs
High operating costs are a big concern for many commercial businesses. As the utility bills are climbing up, it feels like a significant chunk of your money is spent on paying these bills. One of the best advantages of solar power is low utility costs. Once you take care of the upfront costs for the system and get it running, there’s no need to worry about the utility bills or the availability of energy. You can even eliminate the costs of electricity with net metering program. This allows you to sell any excess power your system creates, preventing energy waste.
3. Low Maintenance Costs
Thanks to technologies and constant innovation, solar systems nowadays can withstand environmental conditions. At the same time, they require little to no maintenance and repair work. After the installation, solar energy is essentially free. Only a small maintenance task is required. Make sure to keep your solar energy system clean. You can hire a cleaning service for this. Periodic checkups after significant events such as floods and storms are recommended. This helps you identify and take care of any necessary breakdowns and replacement.
4. High Reliability and Durability
Reliability is one of the key advantages of solar power. No one wants to spend a ton of money to get a system that they can’t depend on. You can entirely count on your solar panels. Most solar panel manufacturers offer 20 to 25 years warranty. In fact, according to EU Energy Institute, 90% of solar panels last for 30 years or longer.
5. Environmental Friendliness
Fuels are not only toxic for our health, but also for the health of the environment. As businesses are aiming to reduce greenhouse gas emissions, solar energy is a convincing option. By going for solar power, companies can contribute their parts to help fight global warming and reduce gas emissions. This demonstrates a commitment to sustainability. As a result, going green leads to a better, “greener” brand image. It helps your business establish a good reputation among your customers, partners, and investors. In addition, unlike fuels, no one can buy and monopolize solar power. As long as one has access to the sun, it’s free for all countries, cities, and states. This means businesses will no longer need to spend billions of dollars on gas and oil and depend on foreign countries for energy resources.
6. Energy Security
Power outages occur from time to time. This can cause serious interruptions to a business’ workflow. However, having solar energy can save you from a lot of troubles and unfortunate future events. Don’t wait for a disaster to strike you. Instead, take advantages of solar power and be prepared for emergencies.
7. Great Returns on Investment
First of all, solar power is not an expense. Consider it an investment with compelling, stable returns in the long run. Even if the cost of a solar power system can be expensive, with government incentives, it’s a solid investment from a financial perspective. It’s a serious rival to traditional investments such as bonds and stocks. Typical return on investment for solar panels is 4.8% over 20 years. This equals to around $10,360 over 20 years on average. Moreover, properties with solar power systems are considered to have higher values and sell much quicker than non-solar ones.
8. More Competitive Advantages
Companies with a commitment to fight global warming and reduce gas emissions will become more competitive. From the inside, this motivates the employees. A business cares about its environment and community also tends to care for its employees. Happy employees are more productive and driven. This lowers turnover rates and overall improves a business’ bottom line. Solar adopters will eventually reap the social and economic advantages of solar power. Your business will become more cost-effective without compromising the productivity and workflow. Along with a “green” image, this certainly will put your business ahead of the competition.
A Final Look on Advantages of Solar Power
We can spend days talking about the advantages of solar power. From a global and financial view to social and environmental perspective, it makes senses to opt for solar energy. Solar is not an expense. Rather it’s the solution to critical problems we’re facing in today’s world. Moreover, solar power has the potential to transform us. As we become more aware and present with our impact on the community and environment around us, we are more likely to take initiative and lead as an example. Whichever reason that motivates you to adopt solar energy, we hope this article has inspired you to move forward and take advantages of solar power. Are you ready to join the cause and grow your business? Want to get a quote? Contact us today. At Rockridge Renewables, we offer free consultation to make sure your business can reap the greatest advantages of solar power.