While the demand for electric power and the need for oil continues to remain high, many businesses, both large and small, are looking to alternative sources for energy. If you've begun researching whether your small business could benefit from solar technology, you may have encountered skeptics and their list of reasons to avoid solar tech, many of which are gross misconceptions. It could be quite beneficial for your business to take the plunge into solar technology, and not just financially.
Investment and ROI
The notion that solar panels are too expensive to install and can take decades to pay off without seeing any financial rewards is untrue. Equipment and installation costs for solar panels vary depending on the size of your office and the type of system you choose. If the installation is done yourself, you will require even less financing. Depending on your needs and your initial investment, you could start seeing a return on investment within just a few years and in some cases almost immediately.
One of the many benefits to reap from making the switch to solar power is the money you'll save. With solar power, you will establish a more consistent energy bill, whereas standard electric rates across the board increase annually. Your business can reduce its energy bill and lock into those lower costs for the duration of the system's lifetime, which is generally more than three decades.
Another huge benefit of solar technology is that it actually requires very little maintenance. Once installed, your solar panels do not need to be cleaned or repositioned, so you can rest assured that they're doing their job as you do yours for years to come. There is also the added bonus that your property will increase in value with an installed solar tech system, allowing you to reap the benefits of quicker real estate sales and higher prices.
Reducing your company’s carbon footprint
Using solar power comes with the benefit of being environmentally responsible for both you and your business. Reducing your carbon footprint and going green is not only good for karma, but it's also good business sense too. There is an ever-increasing number of potential customers who are willing to give a product or service a try based on the premise that it is a green business. One controversial viewpoint is that solar panels are unsightly, but solar tech being visible is actually free advertising for the fact that your small business is committed to sustainability.
The process of going solar also benefits your community. You can start by hiring a local company in your area to complete the installation of your solar tech. As more businesses switch to solar, more jobs will become available in the green sector and in your community, which will result in a more sustainable economy. It's a win-win. Your business can also take advantage of available tax credits with the switch as most states offer incentives in actual credits or property tax, with some states offering a combination of both.
The future is now
The most popular misconception about solar technology is that it is far from being a practical reality and is rather a technology for the future. However, when it comes down to solar power, the future is indeed now. The benefits for a small business going solar far outweigh any risks. Take the first step by researching some solar panel services in your area to discuss your needs and options. You may find that your business can't afford to not switch to solar tech.