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Michael Manziano

Top 5 Financial & Environmental Benefits of Commercial Solar Installation

Top 5 Financial & Environmental Benefits of Commercial Solar Installation https://pbroofingco.com/wp-content/uploads/2024/06/O3_commercial-solar-panels-in-rows-on-top-of-buildings.jpg 2000 1250 Michael Manziano Michael Manziano https://secure.gravatar.com/avatar/6685e83dc41ab265fb3a55985cd111b6?s=96&d=mm&r=g

Renewable energy is an excellent solution for any commercial property that can geographically support the investment. This means that the property asset must be in an environment that does not experience prolonged periods of darkness and is free of shade during peak sunlight hours.

How Solar Panels Work

Solar panels can convert 20% of the sunlight they capture into solar energy, making it a more viable power source for commercial buildings than traditional means.

A solar panel contains silicon cell layers, a glass casing unit, a metal frame, and wiring to transfer electric current from silicon. Silicon has conductive properties that absorb and convert sunlight into usable electrical power. The sunlight causes the silicon cell electrons to set in motion, creating an electric current.

  • The solar cell absorbs solar radiation
  • When the silicon interacts with the sun’s rays, the electrons start to move and create a flow of direct electric current (DC)
  • The wires feed this DC electricity into the solar inverter and convert it to alternating power (AC)

Top 5 Financial & Operational Benefits

  1. Reduced Energy Costs

It usually takes a property four to six years to recuperate this investment. When considering converting your commercial property to solar energy, consider it an investment rather than a cost.

  1. Tax Incentives and Property Value

Federal, state, and local governments often offer tax credits, rebates, and other incentives to properties that install solar panels. The Solar Investment Tax Credit (ITC) allows commercial property owners to deduct a significant percentage of the installation cost of a solar energy system from their federal taxes.

Installing solar panels can significantly increase the resale value of a commercial property. Studies have shown that solar-powered buildings command higher premiums, often fetching up to 10-30% more than comparable properties without solar installations.

  1. Operating Cost and Depreciation

The Modified Accelerated Cost Recovery System (MACRS) allows commercial property owners to write off the cost of their solar installations, reducing their taxable income. Paying off the installation cost of your solar panels significantly reduces the future cost of operating your system. This means your commercial property becomes easier to manage because you have a good idea of ​​what to expect instead of bills that can be unpredictable.

  1. Increased Property Value

Commercial solar panel installation can deliver an excellent ROI (return on investment) by increasing your property’s market value. ROI is an obvious factor when deciding to invest in installing solar panels on a commercial property. The ROI of your project will be greatly influenced by the initial investment cost and the quantity of energy your solar array produces.

  1. Energy Independence from Power Grid

Installing solar panels on commercial properties advances energy independence. By generating its power, a property is less reliant on the power grid and less vulnerable to fluctuations in energy prices. This independence is fully realized during times of high demand or grid disruptions.

By harnessing solar energy, commercial buildings can ensure reliable and steady power, increasing operational efficiency and reducing downtime. If a commercial building is powered solely by the utility, it can run into problems when a power outage occurs. For example, if a commercial property is a multi-home dwelling and loses power in the winter, the tenants have no access to heat.

Top 5 Environmentally Conscious Benefits

  1. Reduction in Carbon Footprint

Solar energy is a clean, renewable energy source that reduces greenhouse gas emissions and other pollutants associated with fossil fuel energy production. Solar panel arrays not only improve public perception while modernizing the look of your commercial property, but they also offer all the benefits and financial savings associated with being environmentally friendly. Properties with more attractive appearances generally fetch higher property prices.

  1. Sustainability

Using solar energy demonstrates a commitment to sustainability and environmental responsibility, which can enhance a property’s appeal to eco-conscious potential tenants, investors, and partners.

  1. Corporate Social Responsibility

The use of solar energy demonstrates a company’s commitment to sustainability and responsible behavior. Making visible investments in renewable energy can help commercial properties improve their corporate image and stand out from competitors. Consumers and customers increasingly prefer companies with good environmental values, making solar panels a powerful marketing tool.

  1. Market Differentiation (Futureproofing)

As renewable energy becomes more important, early adopters can future-proof their businesses against stricter environmental regulations and possible penalties. By installing solar panels, commercial property owners can achieve significant cost savings, reduce their carbon footprint, and gain a competitive advantage in the property market.

  1. Nurturing Engagement

A commitment to renewable energy and sustainability can boost employee morale and attract forward-thinking, talented individuals passionate about environmental issues.

PB Roofing’s Installation Preparation Services

Need to find a commercial roofing partner that’s solar-friendly? Our expert technicians will perform a THREATCheck Assessment (An enhanced visual inspection to identify deficiencies and provide recommendations for repairs or replacement) to determine the condition of your roof and make recommendations for any required modifications and repairs before solar installation.

We will also perform a follow-up evaluation and service to mend any damage incurred during the solar installation procedure.

Areas of the roofing membrane will endure increased foot traffic during installation and may inadvertently suffer punctures. Our immediate service will help you avoid serious damage that can occur, that if not monitored, may later require removing sections of the solar array for extensive repair.

We will work together to ensure you the maximum return on your investment in sustainability.

Resources

Standards and Requirements for Solar Equipment, Installation, Licensing and Certification

US Department of Energy: Incorporating Solar on Your Commercial Buildings

PB Roofing Co.