6 Reasons Solar Panels for Commercial Buildings are a Smart Business Decision
Solar panels are nothing new for residential homes. However, they’re just starting to become more and more frequent for commercial buildings. So, why are we seeing this green trend in the roofing industry? By installing solar panels, facilities can greatly increase their energy efficiency and have more environmentally friendly operations.
Read more about the benefits of solar panels for commercial buildings in this article.
1. Improve Brand Image
As mentioned above, green trends have been taking over, well, every industry. Besides the excellent business benefits solar panels can bring, they will also help create a positive brand image for your company. Whether you are B2B or B2C, having solar panels are an excellent talking point and offer a competitive advantage.
2. Save Money
For a long time, solar panels have been considered an expensive upgrade. This is because of a typically high upfront cost. However, between low electricity costs, tax credits, low maintenance, and less repairs, solar panels are an excellent investment. With solar panels, building owners must think of the long-term value.
3. Tax Credits
Commercial buildings with solar panels are eligible for the Solar Investment Tax Credit (ITC). The ITC can be claimed on federal corporate income taxes for 30% of the cost of a solar photovoltaic (PV) system that is placed in service during the tax year.
In December of 2020, Congress passed an extension of the ITC. This extension provides a 26% for systems commencing construction in 2020-2022.
4. Low Maintenance
While you’ll have to worry about the upfront cost of solar panels, leave the thought of them behind after installation. Unless significant damage occurs, such as from a severe weather event, there won’t be any maintenance or repairs involved. Solar panels are also noiseless, meaning they won’t disrupt your customers or employees.
5. High Longevity
Due to the design of solar panels, they have a high level of longevity. The solar cells within the panels are closed in protective glass and framed by non-corrosive material that can withstand mild rain, hail, wind, and snow.
6. Fit Your Building
Solar panels are available for all building and company sizes. By partnering with a professional roofing company, you’ll be able to review your budget and goals, and create a comprehensive solar panel installation plan.
At PB Roofing, we’re experienced in installing solar panels for commercial buildings across the east coast. We’ll send out our PB Projects team to evaluate your building and provide an estimated quote. After installation, we can also provide guidance on Solar Investment Tax Credit. To get started, contact us online or call 1-800-563-7718.