For some business owners, installing solar panels for their business is a big operational decision. After all, the time, cost, performance, and ongoing maintenance of your system can add up. Fortunately, there are many reasons for companies to install solar panels besides being environmentally friendly. No two businesses are the same, so we’ve put together a list of two obvious and three not-so-obvious reasons why your business should consider going green.

1. Save money on energy costs

While electricity costs can represent a large portion of a company’s operating costs, many companies can easily recoup the cost of their solar grids within five to seven years. You can better determine your savings on electricity costs and power generated from solar power after you’ve run your system for a while.

Just as important, going solar ensures you don’t have fluctuating electricity costs, helping you save money each year.

2. Earn the “Green” label

According to the USGBC (US Green Building Council), buildings are responsible for 40% of the total carbon footprint in the US Wouldn’t it be nice to not only contribute to the environment but also be known as a socially responsible business? It is also interesting to note that customers tend to reward companies that are socially responsible and make green decisions.

Solar power can promote your business as a company that cares about the community, adding to your positive brand image while encouraging your customers to choose you over your competitors.

3. Get a good return on your investment

The payback period for a medium-sized system is around 10.5 years, which still leaves you with 14.5 years to not worry about electricity bills. Government investments and reduced equipment cost make installing solar a sound investment, so relying on solar power for your energy needs means you can save a consistent amount of money every week, month, year , etc.

Also, having a solar grid installed for your business is a good way to increase your market value. A solar energy system does not increase your property taxes like any other modification would. If you decide to move your business to another location or simply sell the building, you will be able to price it higher and receive a better return on your investment.

4. Support the local economy

Being a socially responsible company can mean many things. This role may include how you give back to the community and how you care for the people within it. Solar installation is a site job and the people who install these systems are usually from the local community. This means that an increased demand for solar projects in the area will result in a greater availability of well-paid jobs in the solar installation sector.

Depending on what you sell, another advantage is that these workers will interact directly with your business and be more knowledgeable about the products and services you offer, resulting in future leads. It’s a win-win for everyone.

5. Boost employee morale

Employees feel connected to their companies and are affected by operational decisions. They share the successes and failures of a business and can feel satisfied with decisions related to sustainability. An investigation carried out by the Ateneo Centro de Investigación y Desarrollo (ACORD) concluded that companies that care about their environment and the community have less employee turnover.

Many people are environmentally conscious these days. The fact that your business relies on solar power may not be a big factor for you to consider when someone decides to join your company, but it may be something that resonates with their personal beliefs and makes their commitment to your business a bit more difficult. stronger.

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As you can see, going solar can be a good decision for your business in both the short and long term. It’s a great capital investment, contributes to a healthier image of your company and saves you operating costs.