Want to reduce business expenses or attract more tenants to your building? Find out the cost, financing options, and benefits of commercial solar panels.
Want to cut costs while helping your business? Going solar could be the answer – but it’s not for everyone.
Rooftop solar can save your business money and even provide a little extra income, but it’s a long-term investment with high up-front costs. Find what questions you should ask to determine if your business will benefit from taking a leap toward renewables.
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Commercial buildings in Las Vegas can use a lot of power throughout the year, especially during the hot summers and short, sharp winters. Even buildings that are entirely empty (due to shelter-in-place restrictions) are still consuming large amounts of electricity, mainly thanks to HVAC units that need to run and electronic systems that are still plugged in. Electricity Local reports that the average monthly commercial and industrial electricity bills in Nevada are $440 and $19,800, respectively. As utility costs continue to increase with time, it’s wise to find ways to reduce power usage in your commercial building.
Solar panels can reduce your energy costs by harvesting solar energy for your business or building throughout the lifetime of your solar panels, which can be twenty years or more. With a solar array, you can avoid spikes in demand and price for energy. The property will also be insulated from power outages or disruptions that can affect grid users. Solar power usage can entice new tenants to your building or raise the profile of your own business, by using the eco-friendly energy from your building as a selling point.
Commercial solar projects can take weeks or months, depending on the total number of solar panels, the installation location of the solar panels, the type of building, and many other factors. The weather, the size and experience of the crew, and local regulations from the government and utilities are other significant factors that affect the timeline of a solar panel installation. Working with an experienced local solar company can speed this process along, as they’ll know how to navigate each step of this process.
While solar panel systems’ costs vary from state to state, Nevada has strong fundamentals that make solar panels a good option for many businesses. According to EnergySage, a leading solar shopping marketplace and information source that is supported by the U.S. Department of Energy, Nevada has one of the lowest solar panel installation costs in the country, with 2020 prices at $2.80 per watt and $2,800 per kW.
Solar panel installation costs depend on several factors, including the size and experience of the team working on your system, the time it takes to schedule inspections, and how long it takes to make the necessary arrangements with your local utility company, so they can accommodate your production. The average commercial solar installation costs range from $40,000 to half a million dollars. But of course there is a return on investment, with electric bills being significantly reduced.
If you’re looking for ways to finance a solar panel purchase, you’ll have several options:
By understanding the solar-to-electric process, property owners are more likely to understand its benefits. In summary, the solar panels’ photovoltaic cells transform energy from sunlight into direct current electricity. This type of electricity is sent through an inverter, turning it into alternating current electricity, which is then sent to the building’s electrical panel to be used throughout the property. This eco-friendly process can help your business or building save money in the following ways:
Bell Solar and Electrical is one of the leading commercial solar panel installation companies in the Las Vegas area. We’ve been serving customers across the Las Vegas Valley since 2007 and are ranked among the top 10% of contractors in the State of Nevada. If you’re interested in installing rooftop solar panels on your commercial building, we’ll work closely with you to help you find the solution best suited to your needs. If you’re interested in solar options for your home, we can also schedule an estimate with you.
Solar panels can bring benefits to your business today, tomorrow, and years from now. Find out how they can transform your small buisness!
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