Solar power involves converting sunlight into usable electricity for powering businesses. Solar power offers numerous financial, environmental, and economic benefits for business owners interested in making the switch. If you’re considering creating a solar-powered business, understand the 4 primary advantages of solar power for your business.

1. 4 Primary Advantages of Solar Power For
Your Business
Solar power involves converting sunlightinto usableelectricity for powering
businesses. Solar power offers numerous financial, environmental, and economic
benefits for business owners interested in making the switch.
If you’reconsidering creating a solar-powered business, understand the4 primary
advantages of solar power for your business.
Financial Savings
Solar power offers numerous financial savings for businesses.
Solar power systems for businesses areexpensiveinvestments depending on size.
Determine the proper solar power systemsizeby calculating the kilowatt-hours of
power needed for covering your business’s energy usage. Generally, an average
commercial business requires approximately 120 to 140 solar panels for creating
a 30kW system, costing anywherebetween $32,000 and $50,000.

2. Understand the installation costs of solar power systems to correctly calculate
your business’s financialsavings.
Reduce Energy Expenses
Reduce your business’s energy expenses by choosing solar power.
Solar power involves a billing process known as net metering. Net metering
credits solar power systems owners for electricity contributed to the power grid.
Essentially, excess electricity produced by your business’s solar power systemis
delivered to the power grid. Afterwards, theutility company pays you for the
supplied electricity by adding solar credits to your monthly electric bill, reducing
your bill by almost 75%.
The more electricity you contribute, the more solar credits you earn, effectively
decreasing and potentially eliminating your energy expenses.
Earn Tax Incentives
Earn excellent tax incentives by creating a solar-powered business. Numerous tax
benefits are available depending on your location, including:
 Federal Investment Tax Credit: Allows solar power system owners to deduct
26% of the installation costs from federal taxes.
 ModifiedAccelerated Cost-Recovery System: Offers accelerated depreciation
of your solar power system equipment by permitting you to write off your
total solar power system in the first year.
 Solar Renewable Energy Credits:Involves earning money for producing energy
by allowing the utility company to take credit for clean energy produced
through your system.
Receive Long-Term Value

3. Receive long-term value by installing a solar power system at your business. Solar
power systems last 25 to 30 years and degrade at a rate of 0.5% every year,
meaning your system can operate at about 80% capacity after the 25-year
warranty. Lengthen your solar power system’s lifetime by properly maintaining
your solar panels, primarily removing debris.
Environmental Impact
Monitor your environmentalimpact by powering your business using solar power.
Traditional forms of electricity, specifically fossil fuels, release carbon dioxide and
other harmful gases during production, polluting the atmosphere and enhancing
global warming. Also, fossil fuels, such as coal and natural gas, are finite
resources, meaning the supply continually diminishes until it eventually runs out.
Solar power offers a cleaner and greener alternative by avoiding emitting harmful
gases during creation. Furthermore, sunlight is a naturally replenished and
inexhaustible resource as opposed to fossil fuels. Use solar power to improve air
quality and public health as well as effectively combat global warming.
Additionally, choosing a renewable energy source demonstrates your
business’s commitment to going green, which attracts environmentally-conscious
customers. In fact, over 58% of consumers consider a business’s environmental
efforts before purchasing a good or service. Successfully establish your business’s
focus on sustainability by switching to solar power.
Economic Growth
Improve economic growth by establishing a solar-powered business.
Solar power is a rapidly growing industry providing an increased number of job
opportunities, especially regarding struggling landowners and farmers. Overall,
the solar power industry has created over 250,000 jobs, and the number is
expected to grow.

4. Opportunities Increased
Alternative opportunities for businesses to access solar power continue to
increase, primarily considering community solar projects.
Community solar refers to a group of people sharing electricity generated using
solar energy. Other terms for community solar include shared solar, energy
sharing, and solar farms or gardens.
Shared solar projects are funded and operated by third parties, generally private
businesses, government organizations, or utility companies, who decide to install
numerous solar panels and lease the energy to members of the community.
Electricity generated at the solar farm is delivered to the power grid and
distributed by the utility company to homes and businesses subscribed to the
service. Research opportunities for community solar in New York to instantly reap
the amazing benefits.
Avoid expensive installation costs by joining a community solar project near you
to create a solar-powered business.
Understand the 4 primary advantages of solar power for your business to make
the switch today.