If you are managing any kind of business that use a large amount of electricity, then you would know that your power costs are a significant expenditure when it comes to your bottom line. If you want a reliable way to reduce these overhead costs, commercial solar financing is available to help you establish renewable energy systems in the form of PV panels that tap into the sun’s energy.
There are numerous advantages to investing in commercial solar financing for your business, with effects that are both short and long term. Let’s take a closer look at 3 of the distinct benefits of using commercial solar financing for your business – no matter what it is!
1. Cost efficiency
When you invest in commercial solar financing and get a series of PV panels installed on the roof of your business, you eliminate a significant chunk of your expenditure on traditional coal-fire electricity that you would have traditionally relied on. Rather than pay the city to use the municipal power grid, you can instead generate your own electricity in-house completely free (the panels will power and eventually pay for themselves in the savings they generate for you).
This means that, with enough panels, you could make your business completely independent of the main power grid and totally self-sufficient! Also, with a battery system installed you would be able to sell excess electricity that your panels generate back to the municipal grid you previously had to buy all your electricity from.
2. Extra environmental credibility
Another advantage of investing in commercial solar financing for your business is that you will be able to use this new in your marketing material because of the environmental credibility this kind of move gives your brand. Because PV panels are a form of renewable energy (give off no emissions), your customers who care about issues like climate change will appreciate that you have made an investment that minimises or eliminates the negative environmental impact of your operation.
Because carbon emissions from the manufacturing industry and fossil-fuel power generation are some of the heaviest contributors to global warming, investing in commercial solar financing shows that your business wants to be a part of the solution and not a continuing part of the problem. You can take this news and use it in a blog post or social media update that celebrates the progressive investment your business has made.
3. Re-invest savings
With all of the money you save after investing in commercial solar financing, you can invest in other improvements to your businesses’ core competencies. You could buy some new equipment that means less manufacturing errors, or you could put your staff through extra training to reduce accidents and decrease your liability.
These investments will snowball so that your profit margin is wider than it has ever been. This is the key to the growth of your business – continually investing in improvements to both your facilities and employees.
Does this constitute the right move for your business?
Yes, there’s no good reason why commercial solar financing can’t work for you and your business. Even a small-scale installation is going to be superior than being 100% grid-dependant for your electricity needs.
It is a good idea to get ahead of rising power prices as fossil fuels become more scarce and traditional power generation becomes less sustainable.