In the past decade, it’s become increasingly important to reduce carbon emissions from the electric sector to avert the worst impacts of climate change. Of course, solar power is one great way to achieve emission goals, while also reducing other co-pollutants like carbon monoxide, nitrogen oxides, sulfur dioxide, and heavy metals like mercury.
Remarkable advances in technology have led to dramatic declines in the price of renewables, meaning that solar power isn’t just good for the environment, it’s also great business. Here are 5 reasons why solar can make sense for your bottom line.
1. Free Energy Source
The sun’s energy that falls on the Earth every minute could supply the world’s energy needs for a whole year. (Here is exactly how that energy creation process works.) When you purchase a solar system from SunVest, you can harness a tiny fraction of that energy and use it for your business. And once the cost of that installation is paid off, your electricity is nearly free.
2. Makes Use of Underutilized Land and Roof Space
The U.S. has vast plots of land and expansive commercial and industrial building rooftops that can be used to generate substantial value for the farmers, governments, building owners, and even the surrounding community. Putting solar modules on industrial rooftops can make them productive while providing owners with low-cost electricity. In some markets, the host doesn’t even need to use the power on site, developers will just lease the rooftop and sell the power to other users through a Community Solar Garden program. Polluted brownfields, capped landfills, and even floating photovoltaics on water treatment and retention ponds are increasingly hosting solar installations too. All these innovations mean we can produce more power from the built environment.
3. High Durability
The risk of something breaking or going wrong with solar panels is very slim due to their high durability and limited moving parts. In turn, you can rest assured that you’ll rarely experience a rough patch in service. In the quality assessment process, solar panels undergo extensive testing to ensure they can withstand extreme weather conditions like strong winds, heavy rain, snowfall, and hail. And in the unlikely event that a solar module or another component of the system was to break, it is likely covered by a manufacturer warranty, and the power utility will still keep the power flowing while the problem is fixed.
4. Extremely Reliable
Even if it’s raining or the sun is tucked behind the clouds, solar panels can still produce energy. In fact, solar panels are methodically placed to ensure they can capture energy all day long, providing electricity for years to come. Whatever excess energy isn’t used is pushed back onto the grid for your business or other subscribers to use.
5. Big Return on Investment
Investing in the environment has its benefits. With solar panels, you’ll see an immediate drop in your monthly utility bill, and the system will eventually pay for itself. The longer you use your solar power system, the more money you can save. Additionally, federal and state incentives contribute to an average payback of under 6 years.
Although fossil fuels are still commonly used to power our world, solar power is the future. Keep these benefits in mind to not only save money, but to save our planet.