Solar energy has been harnessed by homeowners and residents for years, but many business owners have stayed away from using this renewable source of power. Businesses that are interested in making the switch to solar energy can save money on their energy bills, reduce their carbon footprint and even earn additional income from selling excess electricity back to the grid at certain times of the day and year. Here are 6 benefits of Solar Companies Melbourne that businesses can’t afford to ignore.
1) Clean Energy is Always on Time
There are many reasons to switch your business over to clean energy, but one of the most important is that it’s always on time. Solar energy is generated during the daytime, which means that you’ll never have to worry about power outages or brownouts affecting your operations. And because solar panels can be installed on rooftops or other unused spaces, you won’t have to sacrifice valuable real estate for the sake of going green.
2) Solar Saves Money
Solar energy is free once you’ve installed the panels, and it can significantly lower your electric bills. In fact, many businesses see a return on their investment within just a few years. And as more companies adopt solar, electricity prices are going up for everyone else – which means more savings for you! They’re Simple: There’s no need to worry about an engine breaking down or other complicated machinery – all you need is sunlight.
3) Businesses Lower Carbon Footprint
Commercial solar is a great way for businesses to reduce their carbon footprint and make a positive impact on the environment. Solar panels have a lifespan of 25 years or more, so once they’re installed, they’ll continue to generate clean energy for years to come.
4) Solar Avoids Rate Increases
Commercial solar PV systems avoid electric rate increases from the utility company. When you go solar, you are essentially locking in your energy costs for the next 25-30 years. Solar PV systems have a useful life of 25-30 years, so your business will be saving money on energy costs for the entire life of the system.
5) Free up Cash Flow
Cash flow is the lifeblood of any business, and it can be difficult to keep up with demand during seasonal peaks or unanticipated growth spurts. Solar can help by offsetting some of your energy costs, which can free up cash flow for other investments.
6) Capitalize on Tax Credits
The federal government offers a tax credit for businesses that install solar panels. The credit is equal to 26 per cent of the cost of the system. This means that if you spend $100,000 on a solar panel system, you would receive a $26,000 tax credit. This can help offset the cost of installation and make going solar more affordable.
Conclusion
Solar is a great way to save money on your energy bills, and it’s also good for the environment. Solar panels can increase the value of your property. Solar energy is a reliable source of power, and it’s becoming more affordable as technology improves. Commercial solar Melbourne can help you become less reliant on the grid, and it can provide backup power during an outage.
