Solar energy is on the rise, much like the sun that comes up every morning. Generating power from the sun is projected to be the lowest-cost energy option worldwide in the next ten years, according to the International Energy Agency (IEA).
Solar panels are a great investment for your business because they help you save money on electricity and raise your property value. Individuals feel better about themselves because they aren’t dependent on the city’s energy grid which might run off of fossil fuels.
Here’s why you should keep your eye on solar and how it can help your business.
Solar Companies and the Industry
The solar industry is growing for a number of reasons. First of all, there’s the solar Investment Tax Credit (ITC) that makes installing solar panels much more affordable. In addition, there has been an increased demand worldwide for cleaner energy sources.
As a result, the solar industry generated more than $33 billion of private investment in the U.S. in 2021 alone. As of 2020, there were more than 10,000 solar companies in every state.
Much of that growth is due to falling prices. The two leading states in solar adoption in 2021 were California, Florida, and Texas. It’s only a matter of time until other states follow in turn.
Benefits of Solar Power for Your Business
Every business that relies on electricity to function can benefit from reaching out to solar companies near them. Utilizing solar energy can greatly reduce the high overhead costs of electricity. There are tax incentives offered by every state to help reduce the cost of installation, as well.
There are other benefits to stay aware of, such as how it affects your public appearance and property value. People like knowing that a company or business is doing its part to prevent global warming. Having solar panels installed also makes a property more valuable to potential buyers.
Should I Get Solar Panels?
If you can afford to get solar panels installed, then there really isn’t a reason not to make the investment. You can reduce the initial cost through tax rebates, and you’ll love saving money on electricity.
You might want to avoid solar if your building isn’t in a good location for it. There may be other buildings casting a lot of shadow over yours, or you may not have available roof or yard space to install the system.
Contact your local Blue Raven solar panel technician to learn more about your options. They can also help talk you through Blue Raven savings and their financing options.
Investing in the Future of Solar
Despite supply chain issues, solar companies across the United States are growing at a rate that can’t be ignored.
Whether you have a building in need of renewable energy or simply want to make some smart investments, you can’t go wrong with solar. Not only is it great for the environment, but it’s a smart financial decision.
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