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6 Solar Power Advantages for Small Business
Solar panels can bring benefits to your business today, tomorrow, and years from now. Find out how they can transform your small buisness!
It’s hard to count the ways that solar power can benefit small businesses – but we can try!
Find out how a solar panel installation can help your business lower costs and thrive.
1) Reduce or Eliminate Your Electric Bill
Solar panels can reduce or eliminate your electricity bill entirely, making them a common sight across the Valley. Nevada entered Tier 4 of its Net Metering System after June 2020, meaning that businesses that install solar arrays now can expect to receive 75% of the retail price for every unit of electricity they sell to NV Energy for a period of 20 years. This is a higher rate than offered in many other states. Locking in your rates now can also help you avoid rising energy prices in the future and wild seasonal swings.
2) Get a Return on Investment
What if you could put every dollar you currently pay to NV Energy back into your business? A solar array is an asset that you can keep and use to add value to your business. While solar panels won’t appreciate in value, they can remain relatively stable over time. Most estimates indicate that solar panels can pay for themselves in as little as five years, with some panels paying themselves off in as little as four years, once all subsidies and rebates are taken into account.
3) Reduce Your Business’s Carbon Footprint
A solar array can lower your business’s carbon footprint, which can have numerous direct benefits for your business. It can lead to greater productivity within your organization, both from new technologies you’ll embrace, in addition to solar, and from your employees, who may be more committed to a business that embraces the future. You can help to establish your business as a leader in your industry by embracing renewable energy solutions now, which can be an important selling point.
4) Market Your Business as Eco-friendly
Solar panels can help you attract more business from environmentally-conscious consumers. You’ll be able to point to a real investment in solar solutions to make the company more sustainable for the future. Anything you can do to put yourself one step ahead of your competitors could help you make another big sale.
5) Little to No Maintenance
Once a solar panel array is installed, it can operate for years with little-to-no maintenance beyond the occasional cleaning. Most systems also come with a 25-year warranty, removing much of the risk from this investment. With few moving parts to break down and high-quality materials and construction, a well-installed solar array can last for decades.
6) Guaranteed Tax Benefits
There are subsidies for solar panels at multiple levels within the United States designed to greatly reduce the amount that your business will actually pay for its array. Small businesses can qualify for a 26% tax credit on their solar panels and have access to low-interest loans to obtain then. They can also write down the cost of the panels faster by using the Modified Accelerated Cost Recovery System (MACRS), which can reduce the cost recovery period for the panels to five years.
Drastically Lower Your Energy Bills By Choosing Solar
Solar panels can begin saving your business money instantly, and the current incentives are higher than they will be in a few months. Any way that you can reduce your business’s overhead makes it more resilient. Solar energy can help you achieve this goal by reducing your current energy costs and future increases. By going solar, you can avoid the sky-high energy bills during the sweltering Las Vegas summers and chilly winters.
If you’ve been contemplating a move to solar, now is the time to make the decision and act. At Bell Solar & Electrical Systems, we have been installing photovoltaic systems since 2010 when we became the third licensed contractor in the state of Nevada to hold a photovoltaic license. Let our qualified and experienced journeyman electricians install a solar array for your business that will drastically reduce or eliminate your electricity bills.