The renewable energy market has been on the rise for several years in the United States. Solar energy alone accounts for 1.6% of total U.S. electricity generation. It’s one of the top sources of energy in capacity added to the U.S. electric total every year since 2013. The United States installed 10.6 GW of solar power in 2018 alone.
It’s a promising prospect as solar power in the United States offsets over 70 million metric tons of carbon dioxide every year. To give you a perspective, it’s like planting more than a billion trees. Many organizations have switched from conventional energy sources to solar energy due to a multitude of advantages it offers.
Here are some ways commercial solar panel benefit enterprises:
Most enterprises have high power consumption, which can result in costly electric bills. Installing commercial solar panels allows these organizations to save a significant amount of electricity expenses in the long run. Solar panels only require a one-time investment and can operate for decades, generating free electricity for years.
The debate on renting versus buying a property can serve as a perfect analogy to highlight the importance of solar panels. Purchasing solar panels and generating their own electricity allow enterprises to convert their revenue expense into a capital expense, which helps them improve the bottom line of their business and stay ahead of the competition.
Protection against inflation
In addition to asset development, installing solar panels to generate electricity also protect companies against power cost increases. The self-supporting energy production enables organizations to create enough electricity to fulfill their needs. Moreover, they can sell the surplus electricity back to the grid to earn money.
Sustainable brand image
Solar energy is a renewable, non-polluting, and sustainable source of energy that does not emit any greenhouse gases. Therefore, installing solar panels is an effective way for enterprises to show that they care about the environment and foster a positive and sustainable brand image for their shareholders, customers, as well as for their local communities.
Support the local economy
“Solar photovoltaic installer” is the fastest-growing job in America. Most solar panel companies in the United States are local businesses. Buying commercial solar panels in large quantities boost demand for local labor. Also, the investment spent on the installation of solar panels goes into the local economy, which allows enterprises to fulfill their corporate social responsibility.
If you’re looking for solar energy consulting solutions in New York? Get in touch with Larsen Engineers today! We can assist in designing efficient and successful energy-saving solutions, including solar panel systems, for your enterprise. Contact us at (585)272.7310 to get started.