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5 best reasons for businesses to install solar panels

January 12th, 2021 | By Chad McComas

Now a mainstream business investment, solar is smart business. Businesses continue to adopt solar, and rightfully so. The value proposition combines both economics and environmental considerations. Retail giants such as Target, Walmart, and Amazon already have made sizeable solar investments, and smaller businesses are following suit. Let’s look at the top 5 reasons businesses are considering commercial solar.

1. Savings

This is about not just savings, return on investment (ROI), and internal rate of return (IRR) – it’s also about net operating income (NOI) – economic and environmental – increasing the value of your business while allowing you to keep more of what you earn.

Savings come from several variables including: system design, financing, utility and tax incentives and utility rate plan. A well thought-out design with detailed engineering and a well-trained crew delivering a quality installation are critical to maximizing value.  A poorly-designed system may cost less, but the result may prove to be more expensive in the long run.

2. Resiliency

We’ve all experienced the frustration of the power going out on the job. Adding solar panels alone will not prevent outages in and of itself. In fact, when a power outage occurs, your solar system shuts down to keep energy from being backfed to the grid and endangering utility workers that are working to repair the outage. A backup battery system, however, allows customers to cover a portion of their power needs during an outage, as stored energy can be used during these periods. That’s how solar + storage adds resiliency to your business. A battery system also solves many of the what-ifs of solar.

3. Sustainability

Sustainability is becoming a major priority for U.S. businesses, so much in fact that 86% of businesses on the S&P500 published sustainability/responsibility reports in 2018. In one example, Amazon made a pledge to be completely renewable by 2025, further cementing its business as a leader on sustainability. In another, Walmart is partnering with their suppliers to remove a gigaton of carbon from their supply . Going solar allows you to lower your carbon footprint and power your business with clean energy. With major businesses making the switch, and many already sourcing all of their energy needs from renewable sources, the green initiative to help the environment is gaining momentum and is here to stay.

4. Monetization

By utilizing programs that are offered by the utility companies, it’s possible to capture additional value from your system. Depending on your location and who your utility provider is, several rebate programs exist for renewable energy and energy efficiency. These programs will provide incentives for the clean energy you produce as well as incentivize you to use your battery systems in ways that are mutually beneficial for your company and the grid. That’s how small reductions in energy use could help in a big way.

5. Proof Point of Commitment

Having solar installed at your business is a statement that shows your organization’s commitment to sustainability and bettering the environment. Many customers expect businesses to be environmentally-conscious, and adding solar does that. Reducing dependency on fossil fuels helps combat climate change and air pollution and serves as a proof point to outside parties that your business holds itself to a high environmental standard.

Pink Energy can help your business

Pink Energy’s commercial division has undertaken many projects since its inception, and this list represents the “why” for many of our customers. That list includes five pro football teams: Carolina Panthers, Cleveland Browns, Detroit Lions, Indianapolis Colts and Pittsburgh Steelers. Pink Energy also installed the largest array of solar panels for a dealership in the Midwest in installing 428 solar panels for LaFontaine Chrysler Dodge Jeep Ram of Fenton, Michigan. 

With such success, Pink Energy wants your business to be its next commercial project. Contact (877) 4-GO-Pink so that our representatives can help you get started on reducing your carbon footprint.

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