Are you considering switching to solar power for your business? There are many reasons to go solar and enjoy the benefits of free, completely renewable energy. For one, solar systems have become much more affordable due to the variety of tax incentives and rebates you can take advantage of. Another major benefit of solar is the statement it will make for your business. Consumers are becoming more intentional about the companies they do business with, and thus like to ensure they are working with someone whose values align with their own. That being said,, our team of solar power experts in NJ will take a closer look at how solar power can benefit your small business.
Why Should Your Business Go Solar?
As a business owner you’re undoubtedly interested in cutting your costs wherever possible. If you’re getting tired of increasing energy costs and would like to have more control over your energy usage, going solar might just be the best solution on the table. If you don’t own the building your business resides in solar panels might not be an option for you, but it’s also always worth a discussion with your landlord as they love saving money as well. While going solar is a long-term investment, it’s certainly one that is worthwhile, and here’s why:
Become a Green Business in NJ
When deciding who to do business with, many customers consider the environmental aspect. This means they want to do business with companies that are environmentally conscious and it’s becoming an increasingly important factor in their decisions. When you make the switch to solar power, you’ll be able to confidently tell customers and advertise to potential customers that you’re a green business and doing your part to reduce your carbon footprint. It’s good for business and for the planet.
Independence from Municipal Energy Sources
If you couple your solar panels with an energy storage system, you can decrease your reliance to the power grid. Which means your business won’t be as vulnerable to unexpected power outages and power cuts, both of which can slow business down significantly. Having a supply of solar power and a battery backup means you’re less dependent on your local power grid and can continue operating as normal – even when the power goes out in the surrounding neighborhoods.
Solar Incentives and Other Benefits for NJ Property Owners
Business property owners have the ability to install solar panels and energy storage systems and receive incentives for doing so. Some of these benefits include:
- Net Metering (NEM) is ideal for anyone who privately owns their solar panels and is interested in selling excess energy back to the power grid. Business owners and homeowners enrolled in NEM are only billed for the net amount of energy that they use each month, which in some cases could mean no charges at all for that month.
- Solar Renewable Energy Credits (SRECs): Recover your equipment installation costs by earning money for the solar power your panels generate.
- 30% Federal Investment Tax Credit (ITC): This is a 30% rebate on the overall cost of your solar system.
- Accelerated Depreciation: This initiative allows you to write off your total solar system within the first five to six years, instead of spreading it out over its entire life.
For more information about using solar power for your business, or if you have any questions about solar tax credits and rebates, please contact our team at Green House Solar today and visit our website at: https://greenhouse.solar