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Businesses Can Get Over 0,000 in Incentives for Installing Solar Panels—Here’s How to Take Advantage of Them
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Businesses Can Get Over $100,000 in Incentives for Installing Solar Panels—Here’s How to Take Advantage of Them

Successful companies need to maintain strong cost control without sacrificing service quality. That’s why solar panels could be a game-changer, and the US government is making it even more affordable to make the switch.

Why should businesses take advantage of solar energy incentives?

Depending on the size of your businessyou could have lots of extra space which can be used to significantly reduce energy bills.

If you have a small businessYou may have some free space on your roof that doesn’t do much. If you have a large business, you may have factories or warehouses with large amounts of empty roof space or perhaps even a parking lot that would benefit from some outdoor canopies.

That’s where solar panels between. By utilizing these unused square feet, you can significantly reduce energy bills and perhaps even make money by selling the generated energy to the electrical grid.

Hesitators may be concerned about the initial costs of a solar panel installation, but government incentives are making this technology cheaper than ever.

Businesses can access both the Federal Investment Tax Credit and the Modified Accelerated Cost Recovery System, which helps reduce the cost of a solar panel system by up to 70%.













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For example, according to EnergySage calculations, a 25-kilowatt system that costs $78,750 can be reduced to just $16,538. Expanding that to a 500-kilowatt system that costs $1,050,000, those incentives can reduce the price to $220,500.

After all that, it won’t be long until the system starts to pay for itself. EnergySage says, “The average medium or small business will save about $101,259 on electricity costs with solar.” That is without considering what can be earned by selling the energy that is produced.

Why is solar energy important for businesses?

According to the National Federation of Independent BusinessesEnergy costs are one of the top three expenses for 35% of small businesses. Meanwhile, PwC research found that more than half of UK businesses said energy accounted for around 25% of business costs.

What should be done to make domestic solar panels cheaper?

More tax incentives

Lower installation costs

Best loan options

They are already quite cheap

Click on your choice to see the results and say what you think

This is a huge change that could seriously jeopardize the future of a company. If you can seriously reduce those annual bills, you can use those savings to help other areas of your business thrive.

With energy costs seemingly constantly rising, now is the time to change, and Free EnergySage Tools can help make the process easier by connecting you with local suppliers and installers and providing you with a variety of quotes to compare.

How else can switching to solar help?

While the potential savings on energy bills will grab headlines, the move to more sustainable energy may affect a company customer base.

He Simon-Kucher Sustainability Study 2023 found that “62 percent of respondents consider sustainability to be more important now than a year ago.” If your business demonstrates sustainable practices, that will encourage people to use your services.

Solar panels reduce, or even eliminate, the need to access electricity from the power grid, which is still overwhelmingly powered by dirty fuels like coal and oil. Pollution from burning these fuels for energy increases global temperatures by trapping heat in the atmosphere, which can increase the duration, strength and regularity of emissions. extreme weather events.

But if a company generates its own clean electricity, it can reduce the energy industry’s production of planet-warming gases, and customers will see this clearly with a set of solar panels.

Join our free newsletter for good news and useful tipsand don’t get lost this great list of simple ways to help yourself and at the same time help the planet.


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