Electricity costs have risen over 70% in the past 10 years and continue to do so in a volatile way – making it difficult to budget this line item year over year. With solar, you can accurately forecast the cost of your energy use for more than 25 years. Predictable energy rates mean a more predictable budget.
The American Association of Appraisers has found that a building with a solar PV array has a higher market value than the same building without, as well as better resale values for owners.
Solar energy is clean, renewable, and abundant. Unlike fossil fuels, solar energy does not generate harmful carbon emissions and other greenhouse gases that are known to contribute to global warming. By using solar electricity instead of electricity generated with fossil fuels, your business can reduce its’ carbon footprint and contribute to a culture of sustainability.
To compound on the savings from reduced energy costs, federal and state governments provide tax advantages to incent property owners to deploy solar energy solutions. A property owner with the right tax situation can reduce system cost by up to 50% with the federal Income Tax Credit and accelerated depreciation. A business who has gone solar can choose to spread this benefit over the life of a system or retroactively apply it to past tax years.