Businesses need to take into account a variety of factors when it comes to choosing energy solutions. The cost is a major factor, and often the most affordable solution is the most appealing. But reliability is equally important, as a business’s operation depends on uninterrupted power. The environmental impact of energy is becoming a more important factor in any decision regarding energy access. Therefore, the cleaner the source, the better.
The benefits of industrial solar energy systems don’t stop there. Learn more about the advantages of industrial solar energy for businesses.
Benefits of industrial solar energy systems for businesses
Solar systems can be a costly investment when you could just use the grid. Solar offers several benefits to businesses.
1. Tax rebates and credits
Businesses will always be attracted by financial incentives. Many governments offer tax incentives to encourage people and businesses around the globe to adopt solar energy. For example, in the US, the How to Calculate the Return on Investment for a Solar System.
2. Decrease in working expenses
Solar energy is cheap. Solar energy can be very affordable. Although there are initial costs, the systems require little maintenance and last for many years.
Modern systems with batteries also reduce energy costs by providing more consistent power regardless of weather or time of day. Learn more about how to maximize your solar output by reading our guide on smart solutions for unreliable weather.
Solar energy’s low cost can reduce the operating costs of many businesses.
3. Decrease your Carbon Footprint
Around the globe, clean energy and sustainability are hot topics. The climate change caused by fossil fuels has already had a significant impact on businesses and people around the world.
Many people would say that businesses have a responsibility to reduce carbon footprints. Sustainability is not just good for the environment, it is also good for business. Businesses are under pressure from stakeholders to be more sustainable, whether it’s in the way they operate or the materials and fuels they use. Switching to solar energy is one of the easiest and most effective methods to satisfy this demand.
4. Increase Brand Reputation
Reputation is another benefit of solar energy for commercial businesses. Customers of all social classes are increasingly concerned with the environment and CO2 emissions. They vote with their wallets and choose to work with companies that demonstrate their efforts to be more sustainable.
Switching to solar can help you improve your business’s reputation by demonstrating your commitment to the environment.
5. Other Monetary Motivations
Businesses can receive financial incentives in many countries around the world for investing in solar power. Some of these incentives are not tax credits or rebates, but actual payments to businesses that switch to solar energy.
6. Access to reliable energy
Solar energy is a reliable source of power that most people don’t know about. Most of the time, it is clear that the main grid works well. Power cuts are unavoidable, but things like natural disasters and extreme weather can make them more likely. Such power outages are a disaster for some businesses.
Price is also a factor in reliability. In recent months we have seen how fossil fuel prices fluctuate unpredictably and wildly, which can cause businesses to suffer or even go bankrupt.
Solar energy is a reliable source of energy. Hybrid systems, using hybrid converters in particular, allow businesses to switch dynamically between grid-based, solar-based, battery-based, and generator energy, depending on the current situation.
7. Little Maintenance
Due to perceived inconveniences of installing and maintaining new equipment, many businesses hesitate to switch to solar power. Solar systems are easy to install and require minimal maintenance once they’re installed. Each module can run independently in a microinverter, and the system as a whole can be remotely monitored. Our S-Miles Cloud Platform, for example, can monitor a Homilies Microinverter System.
8. Employees’ reputation is improved
Any business must be concerned about the sustainability of their customers. It is important to have a good reputation with your employees. If you don’t want your employees to feel like your business is unethical, and your practices go against their values, then they may leave.
Solar energy is a great way to show employees that you are a responsible and sustainable employer. This should inspire loyalty.
9. Supporting the local economy
Solar industry is growing, but most installers are small or medium businesses owned locally. You can directly contribute to the local economy by purchasing and installing a solar system at your business. This will also support local jobs and encourage the growth of the sustainable and innovative industry.
10. Add value to your assets and business
Installing solar panels on your property can instantly add value to your company. It can be a selling point if you decide to sell your business. Your assets and company will become more valuable. Click here to see how Homilies can help business owners.