Major Brands Among The Top Corporate Solar Power Users
Solar energy is becoming an increasingly popular option for businesses, as it offers significant economic and environmental benefits. In fact, it was reported by the Solar Energy Industries Association (SEIA) a few months ago that in the United States, companies now account for 14% of all installed solar capacity, and half of that was installed in the last 2-3 years. Not surprisingly, major brands are among the top 25 corporate solar users like: Meta, Amazon, Apple, Walmart, Starbucks and Home Depot. Below, we highlight the 5 reasons businesses are switching to solar energy, and the benefits they are rewarded with.
1. Lower Energy Costs
Solar panels generate free, clean energy from the sun, significantly reducing a company's electricity bill. Right now there are strong State and Federal incentives available, helping to offset the initial solar installation project cost. One, The Federal Investment Tax Credit (ITC), was created to provide an incentive for businesses to pursue renewable energy sources. This tax credit allows businesses to deduct up to 30%, and even 40-50% under certain circumstances. of the cost of a solar energy system from your federal taxes. You can review various financing options here.
2. Environmental Benefits
Solar energy is a clean and sustainable source of energy that doesn't emit any harmful pollutants or greenhouse gasses. By switching to solar energy, your company can reduce its carbon footprint, contribute to the fight against climate change, and demonstrate your commitment to sustainability.
3. Improved Reputation
Companies that prioritize sustainability and environmental responsibility are viewed positively by consumers, employees, and investors. By switching to solar energy, you can improve your company's reputation, attract environmentally conscious customers, and differentiate yourself from competitors.
4. Energy Independence
Relying on traditional energy sources can make your company vulnerable to price fluctuations, supply disruptions, and other energy-related risks. By generating your own energy from solar panels, your company can become more energy independent and reduce your exposure to these risks.
5. Long-Term Savings
Solar panels have a lifespan of 25-30 years and require minimal maintenance, which means that your company or organization can continue to enjoy the cost savings and environmental benefits of solar energy for decades to come.
In Conclusion: 5 Reasons Businesses Are Switching to Solar Energy
As outlined, the benefits of renewable energy usage go beyond financial savings. Companies, including major brands, are showing their commitment to sustainability and improving their reputation. Can your business take advantage of all or some of the benefits by switching to solar energy? Are there benefits here that we have left off?
Want to learn more and join the movement? Smart Roofs Energy has installed solar systems for over 300 businesses. See how companies are offsetting up to 100% of their energy costs by reading some case studies.