3 Key Benefits of Going Solar for Your Business
Updated: Sep 7, 2021
Commercial solar makes great business sense. You can lower your current operating expenses and provide peace of mind against rising energy costs, and tap into the growing customer base that look for environmentally responsible vendors that are focused on sustainable energy strategies.
Government incentives e.g., Green Tax Incentives (GITA) combined with recent decreases in solar equipment prices make the investment in solar power a good financial decision for businesses and public agencies. An investment in solar power can generate quick payback as well as long-term savings.
1 Reduce operating costs
A solar power system can reduce or eliminate your business’s electric bill.
2 Protect and hedge against increasing TNB rates
As demand for energy rises and non-renewable resource pools shrink, the cost of energy goes subsequently putting unnecessary stress on your business. Historically, TNB increases its tariff on average by 5% every 5 years.
Installing your own solar power can reduce or eliminate your exposure to rising electricity rates. The portion of your energy usage that is generated by your solar system is no longer subject to short- or long-term increases in electricity rates. In fact, the more prices rise, the greater your savings will be.
3 Become a Green Business
Generating electricity from solar energy means your company uses less fossil fuel and coal, reducing pollution and greenhouse gas emissions. By switching to solar power your company does its part to fight climate change and to reduce our country and world dependence on non-renewable energy. But the benefits go further – being a sustainable business can not only reduce your operating costs, but can also be a positive public relations and marketing tool. Research shows that a growing number of consumers make their buying decisions based on companies' environmental responsibility.