Solar panels are devices that turn light from the sun into electricity. Composed of semiconducting materials that send out electrons when hit by light, solar panels generate the most power possible under direct sunlight. As such, most owners install their solar panels on buildings’ roofs, where they get the most sun exposure.
It’s worth noting that although solar panels are technology, they can also refer directly to photovoltaic (PV) technology, which converts sunlight into electricity using semiconductor material. Every day citizens and large corporations look to capitalize on the opportunities solar panels present. However, small businesses can also benefit from this technology.
If you’re a small business owner considering investing in solar panel technology, here are a few ways this renewable energy source can help your small business.
8 Benefits of Solar Panels to Small Businesses
- Saves money
One of the most significant benefits of installing solar panels is saving money. If you own a business, you know just how important it is to save every penny you can. The more money you can save now, the more you can generate in the long run.
Installing solar panels allows businesses to get their power from an alternative source rather than paying their utility company monthly. This way, businesses can reduce their utility expenses.
- Reduces carbon footprint
As most are well aware, many environmental factors, such as global warming, rising sea levels, and air pollution, affect the world today. Moreover, fossil fuels are the most common energy source but contribute to harmful carbon emissions. By using clean energy from solar panels, you’re significantly reducing your carbon footprint.
- Lower maintenance costs
Properly installed solar panels don’t require much maintenance. The average life span of solar panels is 25 years, even more, before needing replacement or repair work.
Investing in solar panels entails less time and money spent dealing with problems related to maintaining electrical equipment and more time growing your business.
- Makes you eligible for tax benefits
Another notable benefit of installing solar panels for small businesses is the tax incentives. These incentives include 30% federal tax credits and state-level tax breaks that can save you hundreds, if not thousands, of dollars each year.
- Allows you to market your business as eco-friendly
Investing in solar panels can differentiate you from competitors who may not be as environmentally conscious. Additionally, having solar panels on your property will also help improve the appearance of your building or facility, making it look more professional and legitimate.
- Increased resiliency
Solar panels make your business more resilient in times of crisis because they don’t require fuel or batteries after a disaster. They also provide backup power during extended power outages without interruption of service or disruption at work sites.
- Increased energy independence and security
Installing solar panels allows your business to become more energy independent and reduces its reliance on fossil fuels. You’ll have more control over your electric supply by generating clean energy from sunlight instead of utilizing fossil fuels like natural gas or coal.
In addition, solar panels better prepare you for power interruptions if your company’s base of operation has an energy shortage during peak demand periods like summer or holidays. You won’t have to rely on other conventional sources that may become scarce during these periods.
- Space-saving and quiet alternative power source
One of the most appealing features of solar panels is that they do not take up much space. You can also install them anywhere, whether in a business or residential environment. Solar panel installations are ideal for places with little room for traditional energy sources like gas, coal, or oil.
Moreover, solar panel systems are quieter than other energy production forms. They produce no noise during their operation, so owners of these systems do not need to worry about noise pollution.
A Worthy Investment
The solar panel’s popularity has significantly increased in recent years for allowing eco-friendly individuals to siphon enough power without harming the environment. Solar panels don’t only provide an alternative and “green” source of energy. They also offer a myriad of benefits for the business sector.
From being a marketing tool with low maintenance costs to receiving various tax breaks, small and big businesses recognize the viability of solar panels as an energy source and an essential asset for their operations.