It’s no good for a company to be in business if they aren’t turning a decent profit. With the cost of energy rising by as much as 80% over the past few years, it has resulted in the profit margins of numerous businesses shrinking by large margins – some to the point where they have had to close down. However, this scenario need not be a reality for your business if you make the decision to reduce your energy bill by going solar.
Commercial Solar Helps You Retain More of your Profits
Although you may think that it is too expensive to invest in a solar system for your commercial enterprise, the reality is that it will end up saving you a lot of money in the long term. In many cases, electricity costs increase each year, which means that within 3 to 5 years, you could essentially be paying double for your company’s energy costs – while watching your profit margins shrink more and more.
After installing your commercial solar system, you will notice a virtually immediate reduction in your company’s power bills. While the amount you save will be absorbed by the cost of installing the system for the first few years afterwards, your savings will quickly add up after this. This will improve your bottom line substantially over time, rendering your business more profitable than ever.
Various Rebates and Write-Offs Available
Another benefit your business will enjoy as a result of installing a commercial solar system is that you will qualify for some form of rebate on the cost of it. In many cases, this amount can be as high as $20,000 in the form of a Small Business Asset write-off. In effect, this means that your business will actually receive a government subsidy just for installing an approved commercial solar power system. When consulting with our team about the various commercial solar options that are available, they will be able to advise you which rebates or write-off amounts you could qualify for.
Get Paid to Generate Power
Many businesses close over weekends and holiday periods, which means that they will not be able to use all of the power that has been generated by their solar systems during this time. In a lot of cases, it is possible for these companies to get paid for the excess power that has been generated. Just think – instead of having to pay for electricity, you could end up making a little extra money for your business by means of the extra power that is created by your solar system while your production lines are closed. This is definitely a win-win scenario.
Nowadays, many consumers prefer to do business with companies who are actively trying to reduce their carbon footprint. Once your commercial solar system has been installed, you will be able to let your client base know that you are serious about doing your bit to preserve the environment as well. If you would like to find out more about how your business will benefit from a commercial solar system, get in touch with our team today.