The Benefits of Commercial Solar Energy Systems are wide and varied. Your Company need not be located in a so-called solar friendly state to take advantage of Solar Energy for Business. There are many states in which industries benefit from Commercial Solar Power. Outside of saving money, making your business a “Green Energy Company” can have many rewards.
The average savings companies can realize from Commercial Solar Energy is 25-50%. Most businesses will see their ROI between three and five years. Also, that does not include State and Federal Solar Tax Credits, Grants, and SREC’s (Solar Renewable Energy Certificates). In addition, many Solar Companies offer Commercial Solar Financing to their customers.
In addition to saving money, being a “Green Energy Company” can entice new customers who find value in doing business with a company that is concerned about the environment. Also, a company which implements Green Practices, can attract a higher caliber of employee who is interested in working for a Green Company. Vendors may offer special discounts for companies that are environmentally conscious.
Another significant cost savings of Commercial Solar Power is Net Metering. The idea behind Net Metering is pretty simple, you pay only for the Net amount of Commercial Electricity that your company uses. Net Metering allows Business and Property owners with Commercial Solar Energy Systems installed to bank the extra electricity the Solar Panels generate. Companies can receive credit on their electricity bill that can be used later. Up to 100% of the bill can be credited back and often at the full retail price of the electricity. According to the Database of State Incentives for Renewables and Efficiency(DSIRE), 40 states currently have Net Metering standards in place. The states not on the list are: Alabama, Alaska, Arizona, Delaware, Idaho, Mississippi, North Dakota, Oklahoma, Rhode Island and Tennessee. So most companies can reap the rewards from Net Metering with Commercial Solar Energy.
The first step in determining if a Commercial Solar System is right for your business is to conduct an Energy Audit. This should be done by a professional Solar Energy Provider or Energy Consultant. They will provide your business with all aspects of Solar Project Planning including, but not limited to: Technologies, Financial Analysis, Net Cost Analysis (financing, incentives, tax credits), Solar Project Management, and Ongoing Support for Commercial Solar Energy Monitoring. Once you have this information, you can decide if your business will benefit from a Solar Energy System.