If you think commercial solar is reserved for Fortune 500 corporations, think again. Please reconsider! Solar electricity, whether large or little, is an excellent way to power any business or organisation while reducing its environmental impact. Commercial solar panels in Melbourne are becoming more affordable thanks to lower-cost equipment and tax benefits, making them accessible to nearly every business.
Solar has now surpassed wind as the world's cheapest renewable energy source. This is partly because silicon-based solar photovoltaic (PV) panels, which convert sunlight directly into power, are becoming lighter and more flexible.
Here are several advantages considered when weighing going solar.
This may seem self-evident, but considering your substantial energy savings, you may wish to reconsider your company's cost structure. According to data gathered by EnergySage, an online solar marketplace, adopting Commercial LED Lighting to save you up to 75% on your energy bills.
Given that the power cost is one of the most expensive aspects of running a business, second only to rent or mortgage, you may want to consider how these savings might be put to better use in other areas. According to the survey, the average commercial property owner paid $1,950 in monthly electric bills before installing solar energy equipment, but only roughly $500 after.
You will be helping to reduce the world's overall carbon footprint by going solar, in addition to saving money. Solar energy emits no greenhouse gases or pollutants into the atmosphere. It pays off in less tangible ways as well.
Businesses and organisations that have visible panels look to be environmentally sensitive, which can lead to additional grants, funding, or better reputations. You may find that more employees, particularly younger people, desire to work for an ecologically responsible company.
The Federal Investment Tax Credit is now the most popular tax credit for turning green, while the Biden administration is proposing various additional green energy solutions like Commercial Solar Sydney.
Business owners who have recently installed solar solutions will be eligible for a federal tax credit of 30% of the system's cost. This is crucial because qualifying taxpayers receive a dollar-for-dollar decrease in their income tax liability.
Other tax benefits can be obtained from the installation of a solar energy system, including accelerated depreciation. These deductions allow you to deduct up to 85% of the cost of your solar power system from your taxes each year.
Depending on where you do company, different states provide different tax credit benefits. Aside from the tax advantages, some utility companies offer rebates to cover a portion of the cost of a system, which can help offset the initial investment.
Many factors influence the final cost of solar energy, including location, market size, competition, incentive levels, regulatory procedure, and labour expenses. It's critical to acquire a comprehensive view of possible business energy costs from a reputable third-party consultant.
Lighting Environments is committed to assisting you in developing a clear and customised corporate lighting strategy that is unique to your company. Contact Easy Being Green’s skilled design experts and engineers today for assistance in determining the finest energy systems and lighting solutions for your business.