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Solar power has become an increasingly popular source of energy for business owners across the United States. Using photovoltaic and silicon solar cells to convert radiation into power, solar panels will eventually be an essential source of energy in the future. Fortunately, integrating the use of solar energy into a business doesn’t have to be a complicated process. In addition to being an easy upgrade, solar offers business owners a number of other benefits. Discover the many ways in which solar energy can change your life for the better.
- Solar saves you money.
- Going solar can save you significant money every month on your energy costs. The typical solar panel is typically covered for upwards of 20-some years, which means your energy savings can total into substantial amounts of money over time. Additionally, your savings are reflected almost immediately – solar purchase power agreements (PPAs) and solar leasing have made it possible for businesses to switch to solar easily and cost-effectively.
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- Solar increases the value of your property.
- Purchasing or investing in a business that utilizes solar power translates into lower energy costs for future buyers and investors. For commercial properties, installing solar panels creates astounding value, depending on the scope of the solar panels used. In a world where consumers are seeking ways they can lessen their carbon footprint, solar energy is extremely attractive to those looking to buy property as well.
- Solar offers tax credit incentives.
- There are amazing tax benefits tied to installing and utilizing solar energy. Today, that cap of $2,000 in tax credits you could claim before 2009 has been lifted, which means you can now receive 30% of the total cost of your system equipment and installation back in tax credits. When combined with your state and local incentives and Solar Renewable Energy Credits, the total cost of your solar energy system could be cut in half.
- Solar is easy to budget.
- Unlike traditional forms of energy, the costs associated with solar power don’t fluctuate from month to month. Fixed energy rates make it easy to calculate costs over long periods of time, which makes managing a budget of any size a simpler process.
- Solar has less of an environmental impact.
- Solar has made a tremendous impact on the state of our environment. Solar energy lessens your carbon footprint by replacing those forms of energy that contribute to the country’s annual carbon dioxide emissions with clean electricity.
- Solar energy creates more jobs.
- In addition to being good for the environment and your wallet, solar energy is good for the economy, too. For every million dollars invested in the solar power industry, 14 jobs are created.
- Solar is a permanent solution.
- It is evident that we will inevitably run out of oil, coal, and natural gas, which are some of the most commonly relied upon sources of energy. In addition to being expensive and sometimes dangerous, these expendable resources are in limited supply. Solar energy allows you to remain independent and avoid relying on power from sources that will eventually run out.
Ilumina Energy offers a number of solar solutions for commercial properties. To learn more about how solar power can benefit your business, contact us today!