Solar Power Can Save Your Business Money
Businesses Are Wasting Money
Though the primary function of a business is to turn a profit, businesses are always looking for ways to save money. Often, the best way to save money is to find out where you are losing money. While a lazy or malicious employee could be the culprit, the data shows that it is in utilities that businesses will find a major offender.
Researchers discovered that the average U.S. business wastes up to 30% of the energy they use. This means that businesses are annually paying more for a service they aren’t fully utilizing. Not only is the average business spending excess money on their energy expenditure, so too are they being energy inefficient and wasteful.
There is a solution – duct tape to the leak so to speak. That solution is solar power. According to C2ES, solar power is the fastest-growing electricity source in the U.S. as it is projected to grow to 48% of the total renewable energy generation by 2050. Outside of the projected growth of solar power, various other benefits will lead to your business saving money whilst being kinder to the environment.
Advantages of Switching to Solar Power (Especially for Californians)
Electricity is not just expensive, it’s constantly increasing in price and for those who live in California, this reality is all too apparent. California is no longer building power plants and as a result, businesses will annually face larger and larger electric bills.
Additionally, California imports almost one-third of all of its electricity from outside the state. As California’s population increases, the demand for energy will raise, but the supply will be hard-pressed to keep up with the demand, and so the citizen will have to foot the bill as per usual.
All that long-winded explanation to say that switching to solar power is an easy and strategic way for business owners to immediately start saving on monthly energy expenses.
The data reveals that the average homeowner saves $100 a month when they go solar. What’s more, is that most solar panel companies have warranties that cover their installations for 20-25 years. Solar panels will also last up to 40 years, meaning that you’ll make back your money and then some for a long time to come.
Of course, as alluded to earlier, solar power is environmentally friendly. Burning coal to make electricity is a major contributor to pollution, thus installing solar panels reduces the amount of electricity needed from coal-burning power plants. Our government is similarly privy to the renewable energy of solar power and oftentimes, depending on your area, will offer tax incentives for individuals and businesses who make the switch over to solar.
All Businesses, Large and Small, Can Benefit from Solar Power
For those that are still hesitant about going solar, here are some more considerations that may persuade you. Small businesses are constantly looking for reliable ways to reach their long terms growth goals. Since energy costs are one of the three largest operating expenses for business and that 30% of the energy consumed by a business is wasted, solar power would be a wise investment.
As for larger businesses and corporations, there are various reasons for you to make the switch as well. Firstly, you have to power large facilities spread over several locations which can become expensive. Secondly, pressures from the government as well as activists’ groups are constantly urging large businesses and corporations to do their part for the environment by switching to renewable energy.
Obviously, for all parties, homeowners or businesses, there remains the question of how the solar power installation process will even take place. The Conectrix team recommends you work with an energy consultant from either Clean.Tech or Energy Professionals. A consultant will give you access to all renewable energy options, guiding your business to determine the best choices in correlation with your long-term goals.
We at Conectrix serve all business types, working as your personal technology negotiator. If you have any questions concerning cloud computing, cybersecurity, or any other IT services, please do not hesitate to reach out to us.