Company owners can reduce annual energy costs and even generate more money by adopting photo voltaic power systems of commercial solar design. While the price of putting in these systems could be very expensive, savings obtained through the years of utilizing solar power can be a many times higher than the initial cost. If you haven't started using solar power yet, it only means that you're missing some thing big.
Why do big companies turn to solar panel electricity to help them run their business? Entrepreneurs will give many reasons for incorporating solar energy but at least three of them are typical and important to focus on. These benefits have helped thousands of corporations worldwide thrive in a challenging economy.
Reduce energy costs.
The idea is to reduce annual power expenses by harnessing the power of the sun which is basically unlimited and free. The use of solar power is one of the viable cost-cutting measures for corporations which depend on large amounts of energy. If properly installed, a photo voltaic power system can greatly reduce electricity costs by more than 70%. Consulting with solar technology experts like Commercial Solar Design can result in proper installation and maintenance from the system. You will need the technical expertise of these professionals to maximize the benefits that you could get from the solar energy power. There are complex issues that cannot be addressed by basic solar solar system guides.
Increase productivity at work.
When people talk about solar electricity, they usually talk about cutting down costs and rarely about increasing work productivity. In a survey conducted by the Kenexa Institute in 2008, it was revealed that companies or organizations that support initiatives such as electric power conservation have positive influence on employees' performance level. To put it simply, employees are proud of the company they work for and are more than willing to recommend their employer as a good place to work.
Imagine a workplace that is economically, socially, and environmentally sound. It's one particular benefits the use of solar electricity offers and it's something that you can't risk not having for your business. It makes a lot of sense to invest in some thing that creates productivity and job satisfaction within your organization.
Tax credits for power effectiveness.
As mentioned, the installation costs could be very expensive although there are options available to decrease costs such as tax credits. Both federal and state governments provide numerous incentives to corporations in order to reduce the upfront costs of solar solar system installation. For instance, the Federal Investment Tax Credit (FITC) gives a 30% tax credit for solar electricity systems, meaning the 30% is a credit and not a tax that you would otherwise need to pay. In some states, programs can provide financing for as high as 40-60% from the installation cost, which can be repaid later after the electricity is produced. The government also benefits from this plan since the usage of solar energy is part of the solution against the worsening energy crisis.
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Why pay outrageous energy bills if you can get your electricity for free? Most people know that the answer lies in using renewable energy sources such as the sun but are too intimidated to initiate plans and take action.
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The more we consume the less that will be available for future generations. We can act on what we known and go with renewable energy or we can act selfish and continue to deplete what we have and leave the future generations to figure it out on their own.
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The state of California conducted a solar resource assessment and found that the solar farm potential, is over 16,000,000 MW. Put another way, California requires less than 1% (0.32%) of its land dedicated to solar farm generators to achieve self-sufficiency from solar farm sites.
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Leases in the solar farming financing industry give you the best rates. A solar lease allows you to own your own power production in ten years, and during the term of the lease, you are cash flow positive.
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A 24 acre solar farm with dual axis tracking and 3 MW of power can expect to see a 25 year profit in the neighborhood of $19,000,000 after payoff.