California has one of the highest average monthly commercial energy bill totals in the United States at $905.87. To improve your overall cash flow, you can cut costs in certain areas of business.
Do you want to cut down on energy costs? If so, installing a commercial solar panel system can help.
Going solar has more benefits than one. Please keep reading to learn what they are.
Return on Investment
The initial cost of installing a solar panel system at your business might be high, but the return on investment you receive from solar power makes installation worth it.
Your business will save money over the years by using clean energy. The return on investment you get often exceeds that of other business investments.
Control of Future Energy Bills
If your company’s energy bills change monthly, it can be hard to predict operating costs. When you add a commercial solar system to your business, predicting your electric bills becomes easy.
Your budgeting becomes simpler because you don’t have to worry about wildly fluctuating energy bills. Instead, solar panels give you a good idea of what to expect each month.
Increased Property Value
Commercial buildings that have solar panels have higher property values than those that do not. The solar revolution continues to gain steam, so the increase in property value is not likely to change.
Your building is more desirable if you ever need to sell your property.
Tax Credits
With the energy development from solar panels, you are contributing to a more sustainable environment. Installing commercial solar panels qualifies you for the Solar Investment Tax Credit (ITC).
If your solar panels are installed before the end of the year, you get a percentage of your installation costs back in the form of a tax credit. This lowers what you would normally owe to the IRS.
Plus, 100% bonus depreciation is available, meaning your business can take immediate advantage of the first-year deduction on a solar installation.
Improves Cash Flow
Solar panels are more affordable than ever before. The price of adding solar panels has fallen thanks to tax credits and cash rebates that decrease solar system installation costs.
Once your panels are installed and running, you start to save money with lower energy bills each month. Less money for your utility means more money in your pockets.
Better Brand Image
Commercial solar panels help you market your brand’s commitment to clean energy.
Customers receive a positive message about your dedication to helping the environment. You might even expand your audience because consumers look for brands that do what they can to go green.
Install a Solar Panel System Today!
When the sun is shining, you could be saving your business money by installing a solar panel system!
By going solar, you benefit from a return on investment, control of future energy bills, increased property value, and more.
The right installation company can help you qualify for tax credits and improve your cash flow. We are here to help! Contact us today to start the solar installation process.
Signal Alarms and Electric is an electrical contractor in Southern California providing full capacity electrical contracting services for new construction, renovations, tenant improvements, service upgrades, exterior, interior, and landscape lighting, retrofits, and service installations in the Southern California/Los Angeles County area.