Solar For Business

Most companies focus on the financial benefits of solar. While solar may not be the right choice for everyone, many companies will see a significant increase in their bottom line, primarily with their utility bills. Here’s how:

• Lowering electricity rates with a power purchase agreement (PPA)

• Generating free electricity with a leased or purchased solar system

• Reducing utility demand charges with energy storage

There are a few reasons why going solar sooner makes a lot of sense and can save you more money in the long run:

• Favorable policies and tax incentives may not last.

• The Inflation Reduction Act offers tax credits of up to 30% for energy efficiency improvements and solar installations.

• A commercial solar system can turn utility bills into a fixed cost and protect against rising electricity prices.

• Solar plus storage gives facilities managers 24/7 control over energy usage and keeps power on during outages and weather events.

• Solar technology is constantly advancing, so you can expect to see even more efficient solar systems in the future.

• Many companies have gone solar to save money. Others may not know all the benefits or think they need to buy a system outright. There are other financing options, such as leasing or a PPA.

• In other cases, some businesses may think their only option is to purchase a solar system outright and don’t know there are other financing options (such as leasing or entering a PPA). As a result, business owners may believe they need to raise capital first or secure a loan.