How Solar Energy System Increases Your Property Value
Why should you consider installing a commercial solar electricity system? Compared to residential systems, commercial solar panels are more efficient, offer a higher price-per-watt, and provide better bang for your buck. These systems also qualify for solar tax credits and net metering. They can take months to install, however. Therefore, it is important to plan ahead and find out exactly what you will need before you go ahead.
Electricity costs are among the biggest overhead costs for business owners. Many businesses are dependent on the commercial power grid, which is prone to fluctuating prices. Sudden price increases can adversely affect cash flow management. In order to cut your electricity costs, it is important to find a commercial solar energy system that can meet the energy needs of your business. Consider installing solar panels in your office building to get started.
Installing a solar energy system increases your property value. Solar panels generate electricity by converting light. The more sunlight your property receives, the more electricity your panels will produce. But the system’s efficiency will be reduced if the sky is too cloudy. Too many cloudy days could increase your power bill. Additionally, you should keep in mind that a large number of buildings and trees will reduce the amount of sunlight reaching the solar panels.
Another benefit of commercial solar energy systems is that they can provide you with a substantial tax break. Businesses that install solar panels receive government subsidies through Feed in Tariff. This subsidy amounts to 4p per unit of electricity produced. If you have excess energy, you can export it to the power grid for 4.9p/kWh. The government has a dedicated staff member that handles the permitting process. However, you should keep in mind that you will need to do some paperwork in order to qualify for incentives and rebates.
The other benefit of installing a commercial solar energy system is that it supports your local economy. Solar companies hire local workers, which means you’ll benefit from local employment opportunities. Not only will you benefit from the increased demand for solar projects in your area, but you may also become a customer of a local solar company. You can also improve the reputation of your organization as a green business with solar energy.
Besides reducing costs, solar installations also enhance the value of a commercial property. In addition to increasing the property value, commercial properties with solar panels are more attractive to buyers. Studies have shown that properties with solar panels sell 20% faster and 15 percent higher than those without solar panels. Solar installations can also boost your business by giving you a competitive edge and contributing to your long-term survival. Your employees will be happier and more invested in your company’s mission if you use solar power to run your business.
Moreover, commercial solar energy systems often require larger panels and cells, which are more expensive than residential ones. A commercial rooftop is typically flat, making installation easier. This also means that you need a larger system, which will add to the overall project time. You should also be aware of any local incentives that might be available. Additionally, many solar energy companies will provide free installation and generous warranties. And last but not least, they are a great benefit to your community.
Another benefit of commercial solar energy systems is that they pay for themselves after three to five years of installation. After that, the system continues to pay for itself, and you will enjoy free solar energy for the rest of your business life. You may also be eligible to receive incentives from your local utility. The money you save by installing solar energy will go directly into your business, allowing you to invest in other parts of your organization.
Commercial solar energy systems also save businesses money on utility bills. Solar energy is a more affordable fuel for many commercial appliances, which means that businesses can reduce their utility costs and improve their profits. In addition to this, the green image can be a great draw for customers and attract new business opportunities. They can even help you fight climate change and global warming – two other benefits of installing solar energy systems. If you are not yet convinced, read on.