Alternative Energy

5 Reasons Why Businesses Should Go Solar (Beyond Just Environmental Impact)

For business owners, the idea of going solar can be confusing and overwhelming. And most companies write it off as out-of-budget without ever considering the benefits. 

But today, many companies across the nation are starting to see the financial, environmental, and business benefits for what they truly are. And the cost and installation process is more approachable today than ever before. 

Fast facts about going solar:

  • The average commercial property owner saves 89% on electricity costs by going solar. Calculate how much you can save.
  • Businesses can deduct 30% of the total installation cost from their federal taxes through the Federal Investment Tax Credit (ITC).
  • The CO2 offset of one 105KW system equals 49,522 gallons of gas saved.
  • Beyond finances, going solar can be good for your brand’s image.
  • Increased demand increases the number of high-quality, good-paying jobs in your community.

CDL Electric has decades of experience providing the highest quality customer service for all projects, including solar energy. Our success is rooted in our providing value to our customers, as well as our unwavering commitment to our team members. We follow the principles of honesty, excellence, accountability, respect, and teamwork.

Learn more about how a solar energy system can be a key strategic decision with an almost guaranteed ROI. 

Solar Energy Cuts Overhead Business Costs

In most states, the cost of energy fluctuates based on usage and demand. This can be a costly headache for most business owners when managing cash flow and budgets. 

With solar, businesses can reduce their reliance on the energy grid to hedge against volatility and inflation. Instead of being held hostage to an unpredictable expense, they can lock in electricity prices to make it easier to plan and budget for the future. 

In terms of dollars and cents, that can add up to a lot. According to EnergySage marketplace data, the average commercial property owner pays around $557 per month for traditional electric bills. After going solar, those bills were reduced by approximately 89%. 

Although the cost may initially seem high, it’s an investment that will continue to help your bottom line. Depending on the size of your system, it can pay for itself in a couple of years while you benefit from lower or zero electric bills. 

Take Advantage of Solar Tax Credits for Businesses

Past simply saving money on energy bills every month, there are other ways going solar can help your business’s bottom line:

  • Federal Investment Tax Credit (ITC): The federal government offers a 30% tax credit for newly installed solar system panels. Some states also offer additional tax credits. Search the database to see if your state is one of them.
  • Performance-based incentives (PBIs): PBIs help some solar owners receive payment for the electricity their solar system generates through solar renewable energy certificates. While not available in every market, these can be significant to your bottom line. 
  • Accelerated depreciation: To help offset the upfront cost of a system, businesses can deduct 85% of the value of the solar asset from their taxes.

Establish a Brand Position

Recent studies have shown that customers want to work with sustainable brands. In recent years, 85% of consumers have become ‘greener’ in the brands they support and the products they purchase.

By committing to sustainability, you can not only help your environment, you can help your brand as well. Customers love supporting brands investing in environmentally efficient processes and products. 

Plus, it helps improve employee satisfaction as well. 70% of employees say that employers who have sustainability programs are more appealing. If you’re struggling to attract or retain high-quality candidates, implementing and investing in a solar program can help shape happier and more productive employees who are more invested in your company’s mission and goals. 

Support Your Local Economy

The need for clean energy is creating a revolution of high-paying and high-quality jobs in local communities. You can help support this growth when you choose to partner with a local solar company. 

And if you’re lucky, these workers could, in turn, become your future customers as well.

CDL Electric is a nationwide supplier of solar energy solutions. We pair industry expertise with the use of leading brands like Enphase, QCell, and LG. Contact us today to get started on your new solar adventure!