Three Business Benefits of Solar Energy
Customers Define the Value of Their Solar Energy Investment
A solar energy system is a proven investment for small and large businesses in Massachusetts. At Cabral Solar, our years of experience have made clear that three primary benefits help business owners the most in making their decision to go solar. Here we outline the three most common:
The Financial Benefits of a Solar Energy Investment
There are two immediate financial impacts benefitting the solar buyer. Although the size of the impact is related to the size of your electricity consumption and therefore the size of your solar energy system, these savings hold true in every case.
- By generating your own electricity, you can significantly lower or zero out your monthly energy expenses. With the ability to net meter, if you produce electricity and don’t use it all when the system creates it, you have the ability to credit your utility bill to be used on cloudy days or at night.
- Federal and state Tax Incentives: Businesses can take advantage of various tax breaks and incentives, such as the Federal Investment Tax Credit (ITC) capped at 30% and the Modified Accelerated Cost Recovery System (MACRS), a special fast depreciation schedule.
Solar Energy Enhances Brand Reputation and Image
Solar energy is a clean, renewable source that helps reduce greenhouse gas emissions. And using solar power demonstrates a commitment to sustainability. While national and international companies like retailers Target and Walmart expand their renewable energy purchases and advertise the value to great public reception, small businesses can also acquire good will from solar energy.
Consumers of local services such as car washes or hotels and resorts frequently take notice of the business’s environmental impact. While they may make a choice based on several reasons, a solar energy system will send a positive message.
A Solar Energy System Gives You Versatility and Independence
There are various design options available during your initial purchase or if you expand in the future.
- We recommend utilizing as much as will be practical of your facility rooftop for solar mounting. Adding canopy mounted solar, for example over a parking lot, increases production when limited by your roof. Ground mounting solar can also complement your output.
- Battery storage can be included or added in the future, provided the original design takes this into account. With the ability to store generated electricity on site, you can reduce or eliminate any inconvenience from disruptions from grid supplied power. Although not as common in Massachusetts, if the utility charges a variable rate based on the time of day you consume the electricity, local storage helps you control those added charges.
At Cabral Solar, we are always operating with a “customer first” approach. In every stage of the EPC project process, we communicate the essential progress to each client and consult and advise whenever key decisions are needed.