Why Should I Install Solar Panels at my Business?
As an Arizona business owner, you are always trying to find ways to increase your profits and run your operation better. There has never been a better time to invest in solar for your business and here is why:
First and foremost, you can save money on your operational costs.
Installing solar panels means you provide your own energy and aren't dependent on the grid for your power needs. This is a significant monthly savings on your bills and lowered stress when it comes to your bottom line. You can also sell excess wattage back to the grid so you aren't just saving on your expeses, you are actually making money by harnessing the free power of the sun.
Federal, State and Local tax incentives are up for grabs.
Congress extended the solar Investment Tax Credit last year (2022) and upped the credit to 30%. That means you get a tax credit paying back 30% of your installation costs. Arizona also has tax incentives and you may be eligible for city credits as well. There has never been a cheaper time to install solar panels and your Return On Investment is sure to be quicker than in years past. The solar industry is increasing by an average of 50% each year in the United States meaning costs are going down and incentives are going up.
If your business is housed in a large building you have more real estate that could be passively making you money each month. You've got the space. Why not let it make money as you go about your work day? Installing panels on an unused roof, parking lot or open area is a great way to improve your monthly profits passively.
Being 'green' positively effects the perception of your business.
With news of climate change on the rise, consumers are considering where they spend their dollar more carefully. According to a Cone Communications study, 63% of consumers are looking to corporations to lead the way when it comes to climate change initiatives. 87% of consumers will make a purchase if a company has advocated for an issue that is important to them. Today's consumer is more informed than ever and in a competitve landscape, making changes to your business to stay enviornmentally friendly can be what keeps you afloat.
There are many reasons to go solar and at a time where incentives are at an all time high, the time to invest is NOW!
