With attractive tax incentives and lower utility bills, more and more businesses are installing commercial solar panels. In recent years, the commercial adoption of solar photovoltaic (PV) systems has grown rapidly. In the U.S. there are over 1.8 Million solar energy systems installed nationwide. Given that heating and cooling represent approximately 70% of a commercial buildings’ energy usage – the potential savings – in both terms of dollars and carbon emissions – is enormous.
How Does it Work
When commercial solar panels are installed at your facility, the panels – via photovoltaic cells- converts sunlight into DC electricity. This DC electricity is then sent to an inverter converting it to AC electricity that can be used by your business.
While producing solar energy, your facility will directly use the solar power produced and in many cases, you typically generate more power than you actually need. When this occurs – your utility meter will actually spin backward! This excess power offsets the energy you may use at night or when the sun isn’t shining.
Due to higher electricity needs, commercial solar panel systems are often larger in size than traditional residential systems. With energy consumption typically highest during the day for businesses – and at peak times for utility rates – solar makes perfect sense for businesses.
Pros of Installing Commercial Solar
Reduce Operating Costs
- Installing solar panel for your business can help reduce monthly energy bills and practically “zero” out your electricity consumptions
Lock in energy costs
- Depending on your method of financing, solar offers the benefit of a fixed price, tax incentives, and little or no bills for the electric utility company.
Increase you capitalization rate
- Solar allows you to be your own utility provider. Lowering your net-operating expense helps increase your net-operating income (NOI). Fixed energy costs will assist with the income of your business or more so, the rental income of your commercial space. Contact us to discuss the discuss the different features in which a solar energy system can benefit a commercial business operator.
Low maintenance energy system
- Due to no moving parts, solar energy systems are low maintenance. The only maintenance required is an annual checkup to optimize your system.
Decrease your carbon footprint
- Solar energy produces clean, emission-free electricity. This renewable energy source helps you show your dedication to reducing greenhouse emissions and helping to protect the environment.