Are Commercial Solar Panels Worth it for Your Business?
Nov. 13, 2023
It takes a lot of power to run a business. Think of all the equipment your company relies on that runs on electricity—heating and air conditioning, water heating, lighting, computers and office equipment, refrigeration—the list goes on. Now think about how much money you spend to keep it all running.
Electricity costs are going up and it's only going to get more expensive to keep your business running. With a commercial solar panel installation, you can take control of your electric bills and significantly reduce your overhead costs.
Keep reading to learn more about commercial solar panels and the benefits they can provide for your business.
What Commercial Solar Panels Can Do For Your Business
Solar panels save your business money, but that isn’t their only benefit.
Cut Costs & Avoid Rising Energy Prices
Installing commercial solar panels will significantly reduce or even eliminate your electric bills, cutting out one of your biggest expenses. But immediate energy savings aren’t where the real value of commercial solar panels lies. To get the full picture, you need to think about how much energy costs are going to go up over the next 25 years. You’re not just saving on your electric bills now with solar—you’re protecting your business against future rate increases.
Get Tax Breaks & Incentives
Commercial solar panels qualify for generous tax credits and incentives:
- 30% federal solar tax credit for businesses
- 30% direct payment for qualifying non-profits
- MACRS depreciation 5-year cost recovery period
Everything you need to know about commercial solar tax credits.
Cut Your Carbon Emissions
The electricity you buy from the grid in Massachusetts is generated primarily by burning fossil fuels. Switching to solar reduces or eliminates your reliance on the electric grid, shrinking your carbon footprint. This is good for the environment, and it’s good for business, too. You can use your solar panel installation to market yourself as a green business and enhance your brand equity. A growing number of consumers are actively searching for companies that pay attention to their environmental impact, and going solar can help you tap into this market of carbon conscious customers.
Improve Your Energy Security
When paired with battery storage, commercial solar panels provide reliable backup power that will protect you during a grid outage. With battery storage, you can keep essentials running and avoid downtime.
What Types of Businesses Benefit From Solar Panels?
Every business uses electricity, which means every business can benefit from solar power.
Commercial solar panels are becoming increasingly popular and some of the most successful companies in the world are switching to solar. Apple, Target, Amazon, Anheuser-Busch, and countless others power some or all of their operations with solar energy!
Boston Solar installs commercial solar panels for businesses of all types and sizes in New England. We’ve also completed a 297-panel installation for the MGM Music Hall at Fenway. Whether you’re a small business, an industrial or manufacturing facility, or a non-profit organization, we believe commercial solar panels are worth it and can help you maximize your return on investment with a custom commercial solar power system.
New England’s Leading Commercial Solar Company
Whether you have questions about commercial solar panels or you’re ready to start your installation, Boston Solar is here to help. We are New England’s leading commercial solar panel installer with over 11 years of experience and 5,000 installations. Our solar consultants are here to help you find a commercial solar solution that works for your business.
Start saving with commercial solar panels. Call 617-858-1645 or contact us to schedule a free consultation.