Solar Power For Your Business
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Why install solar panels for your business?
Whether you are a massive corporation, a for-profit small business, a community cooperative, or a mission driven non-profit organization, improving your bottom line is always going to be an item high on the priority list. Electric Utilities have consistently increased commercial electricity rates over the last two decades. With this trend, business owners can expect their electricity bills to increase at an average rate of 4.5% per year. Additionally, demand charges and tiered systems imposed by utility companies further escalate costs for businesses as they require more power to support growth.
By installing a solar generation facility for your business, you can decrease or eliminate demand charges, help you lock in long-term energy savings that protect your business from volatile energy prices, and ensure a reliable supply of power by reducing reliance on traditional energy sources. Moreover, generating your own clean energy on-site contributes to environmental sustainability.
In addition to these cost saving and sustainability advantages, solar energy offers several other compelling benefits for your business:
1. Marketing Advantage: Embracing solar power demonstrates your commitment to corporate social responsibility and positions your business as a leader in environmental stewardship. It provides a unique selling point that can attract eco-conscious customers who prefer to support sustainable businesses.
2. Tax Incentives and Grants: By going solar, you can take advantage of various tax incentives and grants available for businesses. These financial benefits can significantly offset the initial investment, making solar energy a financially sound decision for your business.
3. Improved Property Value: Installing a solar energy system can increase the value of your commercial property. It showcases your forward-thinking approach and can make your property more attractive to potential buyers or tenants in the future.
4. Employee Engagement and Morale: Demonstrating your commitment to sustainability through solar energy can boost employee morale and engagement. Employees take pride in working for environmentally responsible companies, leading to a positive work environment and increased productivity.
5. Future-Proofing Your Business: As renewable energy continues to gain prominences, integrating solar power positions your business for future energy trends and regulations. By proactively adopting solar energy, you stay ahead of the curve and avoid potential disruptions in the changing energy landscape.
At SunChoice, we possess extensive experience assisting businesses of all sizes and backgrounds in harnessing solar power effectively. Whether you require a multi-million dollar micro-grid or a cost-effective solution for powering your operations, our knowledgeable team is well-equipped to meet your needs. Experience the wide-ranging advantages of solar energy for your business today.
Current Solar Incentives for Business Owners:
In August of 2022, congress passed the Inflation Reduction Act, allocating substantial financial benefits specifically for solar energy. Most of these benefits target businesses in rural or economically depressed areas of the United States. As a result, business owners in rural communities may qualify for grants covering a portion of their total solar installation cost. Furthermore, the Solar Investment Tax Credit (Solar ITC) has been increased to 30% of the total project cost. Additional provisions offer bonus credits for projects in areas recognized by the Treasury department as economically depressed or "energy communities" heavily reliant of fossil fuel energy sources for their local economies.
This means that, depending on your business's location, you may be eligible for programs and credits that offset between 40%-100% of the cost of going solar in rural communities or between 30%-50% in more populated areas. These calculations exclude any potential state or local programs.
This is just a glimpse of the current opportunities and programs available to business owners, enabling them to reduce their monthly overhead cost with a minimal initial investment. At SunChoice, we specialize in helping our clients structure solar projects to minimize or eliminate out-of-pocket expenses. Contact a qualified member of our team today to discover the precise eligibility of your business!
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Our goal is to put the power back into your hands. We have a special focus on rural communities, and understand the importance of "keeping it local". Because of this, we source as much of our labor as possible from local towns in the areas we service.