Solar energy systems provide businesses a return on investment by reducing overhead costs. They can also be used to help businesses become more environmentally friendly by providing them with a source of renewable energy.

Commercial solar panels are used by companies of all sizes, government agencies and nonprofits. They turn sunlight into electricity to power offices, factories and warehouses.

Increased Energy Efficiency

A commercial solar panel installation is an investment in a more sustainable future. As a result, your business could see reduced electricity costs and an enhanced reputation. Additionally, you’ll be able to take advantage of tax credits and deductions, such as the MACRS depreciation schedule for businesses.

Depending on your specific needs, you may require battery backup power for energy usage during nights or cloudy days. In addition, many utility companies offer an incentive program called net metering that allows you to send excess solar energy back to the grid. This extra money can add up over time.

The more efficient a commercial solar panel is, the more power it can produce in a given area. This is important for businesses that are reliant on a large amount of electricity, such as sporting clubs that operate stadium-style lights for nighttime events. Efficient panels can also help you save space by requiring less roof area for power production.

Lower Electricity Bills

With solar power, businesses can eliminate the electricity delivery charge and the supply charge on their electric bills. This helps protect businesses from energy price inflation and provides them with energy security.

A business can also invest in a battery storage system and use it to store the excess energy generated by the panels during nighttime or cloudy days. This will help reduce energy costs and allow businesses to use less power during peak hours to save money.

In addition to reducing electricity costs, solar panel installation can increase the value of a building or office space. This will increase the appeal to potential buyers and make a business more competitive.

While there are some upfront costs to installing commercial solar panel, the initial investment is often recovered within a few years with energy savings and MACRS depreciation tax benefits. Plus, purchasing a solar system in cash will eliminate interest payments and allow a business to see immediate savings.

Reduced Dependence on the Electricity Market

Commercial solar panel installations promote energy independence and reduce reliance on the electricity market, enabling businesses to save money while making a positive impact on the environment. This energy independence is particularly valuable during times of high demand or if grid electricity is interrupted.

A commercial solar system that has built-in storage can provide continuous power and help businesses remain operational during local blackouts or other disruptions. In addition, if your business generates more than you need, you can sell the excess energy back to the grid to earn money through a process called net metering.

Depending on the size of your commercial solar system, you may be eligible for federal and state incentives and rebates. For example, systems less than 100kW can earn Small-scale Technology Certificates (STCs), and larger systems may be able to earn Large-scale Generation Certificates (LGCs). You may also be able to take advantage of tax benefits like the Federal Investment Tax Credit, which is valid until 2023.

Increased Reputation

Commercial solar inspection panels are an eco-friendly way to power a business. These systems produce more energy than what a company needs, which can be sold off to the electric grid. This allows companies to become green and boost their reputation. Moreover, it also helps companies to save on electricity bills and increase profits.

More customers are supporting companies that work with sustainability in mind. They want to know that a firm operates with ethics and is doing their part for the environment. As a result, more and more businesses are considering going green.

Although the US solar industry has had a rough year, due to uncertainty around the anticircumvention investigation, Uyghur Forced Labor Prevention Act enforcement, and CBP’s Withhold Release Order and detention of modules, Wood Mackenzie expects the market to rebound in 2023. Residential and community solar, which are more insulated from trade issues since they utilize domestically-sourced modules, both saw strong growth in 2022.