- With the global energy crisis, it only makes sense to invest in solar panel installation.
- In addition to promoting business efficiency and environmental protection, going solar can put an end to your hefty commercial energy bills.
- Investing in solar energy is a wise business decision, considering the numerous tax rebates offered by both federal and state governments.
- Before installation, you need to ensure you’re getting the services of the right team.
- Can-Am Roofing is a popular choice for solar installation in Palm Bay.
Are you sick of shelling out big bucks every month on your electric bill? You know you could save a considerable sum by going solar, but you’re not sure if renewable energy is the right option for your business. This blog post discusses how you can bring an end to those commercial energy bills and how solar can help slash those costs. Keep reading to learn more!
How Will Your Commercial Energy Bill Look Before and After Solar Installation?
As a business owner, you’re always looking for ways to save money. You’ve probably considered solar energy as a way to save on your commercial energy bill. But how do you know if solar is right for your business? And what will your energy bill look like after a solar installation?
Before we answer those questions, let’s discuss how commercial energy bills work. Commercial energy bills are based on the energy you use (measured in kilowatt-hours, or kWh) and the time you use it. Energy usage is higher during summer when businesses are open longer hours and air conditioners are running. This results in a higher demand charge during the summer months. During winters, when businesses are closed more often, and heating needs are lower, there is a considerably lower demand charge.
The supply charge is the second part of your commercial energy bill, which is the actual electricity cost. The electricity price varies based on market conditions, but it’s generally cheaper during low-demand periods.
Now that we know how commercial energy bills work, let’s explore how they change after solar installation. Solar panels generate electricity during the daytime when businesses are open, and air conditioners are running. This means your business will use less grid-supplied electricity during peak demand periods, lowering your demand charges.
Solar also reduces supply charges because you’re generating your own electricity instead of buying it from the utility company. Many business owners who install solar see their energy bills drop by 50% or more! So going solar will save you money on your energy bill and hedge against future price increases by locking in today’s rates for the next 20 years or more.
Also, remember switching to solar helps save you money by offsetting your energy consumption from the grid. For every kilowatt-hour (kWh) of energy that your solar panels produce, that’s one less kWh that you have to purchase from your utility company. And since utility rates tend to increase over time, the longer you have solar, the more money you’ll save.
Additionally, offsetting your energy consumption, solar can also help you take advantage of time-of-use (TOU) pricing plans. TOU plans are becoming increasingly common as utilities strive to encourage customers to use electricity during off-peak hours. With a TOU plan, you’ll pay higher rates for electricity used during peak times and lower rates for electricity used during off-peak times. However, since solar panels produce electricity during the daytime (when rates are typically higher), you can offset some of your peak usage and lower your overall bill.
Solar Installation and Business Efficiency
It’s no secret that solar panels are an efficient and eco-friendly means of energy production. They are becoming increasingly popular among commercial businesses as an alternative to traditional forms of energy generation like coal and natural gas. But what are the benefits of solar energy, and how will your business benefit by switching to a renewable source?
Two ways businesses can save money by switching to solar power are through federal and state tax incentives and by reducing their energy consumption.
The federal government offers a tax credit for businesses that install solar panels, which can offset up to 30% of the installation cost. Additionally, many states offer their own tax incentives for businesses that switch to solar power. In some cases, these state-level incentives can cover up to 50% of the installation cost. By taking advantage of these incentive programs, your business can significantly reduce the upfront cost of switching to solar power.
Solar power is one of the most efficient forms of energy generation available for reducing your business’s energy consumption. Solar panels convert sunlight into electricity at an efficiency rate of around 15-20%, meaning the panel generates 15-20 watts of usable electricity for every 100 watts. Compare this to traditional forms of energy generation like coal (around 30% efficiency) and natural gas (around 40% efficiency), and it’s easy to see why solar is such a popular choice for commercial businesses.
How to Choose the Right Team for Solar Installation
Before you can start reaping the benefits of solar power, you need to choose the right team to install your panels. Here’s a handy guide to help you shortlist the right solar installation team for your business:
1. Choose a team with experience
When it comes to solar installation, you don’t want to leave anything to chance. Make sure you choose a team with installation experience. Ask for references and check out online reviews. You should also ensure that the team is properly licensed and insured.
2. Choose a team that offers a warranty
A professional solar installation team will offer a warranty on their workmanship. This will give you peace of mind knowing your investment is protected.
3. Choose a team that uses quality products
Make sure you choose a team that uses quality products from reputable manufacturers. This will ensure that your solar panels will last for many years.
4. Choose a team that offers competitive pricing
Get quotes from several different solar installation teams and compare the pricing. Make sure you understand what is included in the price to make an apples-to-apples comparison.
If rising commercial energy bills have you feeling blue, it may be time to consider going solar. Can-Am Roofing of Central Florida, LLC in Palm Bay, can help make your switch to solar power easy and worry-free. Not only will you save money on your energy bill, but you’ll also be doing your part to save the environment.
Give us a call today for a free estimate. There’s never been a better time to go solar!