Commercial solar panels are a smart investment for businesses of all sizes in Massachusetts. Solar panels greatly reduce or eliminate electricity costs—an unavoidable yet steep expense for nearly all businesses—and they have many additional benefits for business owners.
Solar panels have become more affordable in recent years, making them more accessible to small and mid-size businesses across the country. Lower prices combined with solar loans for small businesses, and current government incentives like the ITC and SMART make 2022 the perfect time to switch to solar. Whether you’re a small business, a non-profit, or a large corporation, solar should be on your mind for 2022.
Here’s how solar power will help your business in the new year:
With a commercial solar power system, once you hit your payback period, you’ll be able to generate renewable electricity for free, greatly reducing your operating costs for the lifetime of your system (usually 25 years or more). Depending on the size of your array, solar can either supplement the power you purchase from the grid or replace it entirely. No matter how many solar panels you install, your business will benefit from substantial savings, greater independence from the grid, and protection from future price volatility.
When you generate most or all of your own power using solar panels, you’ll know exactly how much your electricity costs will be each month. This consistency makes it easier to budget and manage expenses for your business.
Solar panels also provide financial stability for your business by protecting you against electricity rate increases. With solar, you won’t have to worry about inflation or demand increases jacking up your energy costs.
Did you know solar panels can earn passive income for your business - it’s like having a virtual tenant on your property! The SMART solar incentive supports the development of solar in Massachusetts by paying commercial solar panel owners a monthly incentive for up to 20 years. The MA SMART solar incentive program is on a declining block schedule, which means the sooner you install commercial solar panels and apply for the program, the higher your incentive payments will be.
Businesses also qualify for additional incentives, including net metering, which allows you to trade the excess energy your solar panels produce and is sent back to the grid in exchange for a credit from your utility.
The federal solar investment tax credit is another excellent opportunity for businesses. The solar tax credit in 2022 is worth 26% of your system’s total cost. The solar investment tax credit is also on a step-down schedule. Install your system before the end of 2022 to lock in the highest credit possible.
Electricity production is a major contributor to greenhouse gas emissions and climate change. By transitioning to solar energy production for your business, you’ll be actively reducing carbon emissions and contributing to a clean energy future by reducing your demand on fossil fuels.
Solar batteries can make your commercial solar system even more environmentally advantageous. Solar batteries allow you to store the excess solar energy your panels produce so that you can use your own stored solar energy at night when your panels are not producing, instead of buying from the grid. This further reduces your carbon footprint and makes your business more sustainable.
Solar panels are a great marketing tool that can help position your business as a green and sustainable organization. Many consumers prefer to support environmentally responsible businesses, and a growing number of employees are prioritizing eco-minded and sustainable companies in their job searches. Going solar can help you attract better talent and grow your customer base!
Boston Solar has installed thousands of solar energy systems for commercial customers in Massachusetts. We can evaluate your business’s energy needs and design a solar array that will offset your electricity costs by as much as 100%. As a locally owned and operated business, we are committed to helping other Massachusetts businesses take advantage of the benefits of solar energy.
Make 2022 the year your business goes solar. Call 617-858-1645 or contact us to schedule a commercial solar consultation.