Solar Is Phasing out Power Plants – Here’s Why

Solar Is Phasing out Power Plants – Here’s Why

A common misconception about renewable energy is that it’s not affordable. Cost savings is high up on the priority list for the average consumer — especially if it results in a financial agreement. While recognizing the importance of lowering our carbon footprint, it’s only smart to market this ‘greener future’ as an option that homeowners and business owners can benefit from.With the home solar boom of the last few years, prices have been steadily falling and enabling homeowners to save money while generating cleaner power. Programs like the US Department of Energy’s “SunShot Initiative” have been funding research devoted to lowering the cost of solar-generated electricity, and have been succeeding. (The SunShot goal is $1 per watt installed by 2020). Government and state incentives have also allowed installation companies to sell solar power systems for no money out-of-pocket. All the customer has to do is pay less for energy, provided that the home or business qualifies.

Let’s backtrack for a moment. The reality is that the US is one of many nations reliant on the current energy structure. One of the ultimate goals of renewable energy growth is phasing out dirtier energy sources, however, and it’s been reported that it’s even cheaper than maintaining aging nuclear plants. Nuclear power is the dangerous energy of yesterday, and yesterday’s machinery needs consistent upkeep.facebooktwittergoogle-plusinstagramlinkedin

Solar is Good For Business – Here’s Why

Solar is Good For Business – Here’s Why

Solar installations have soared in recent years, with large businesses leading the way. As of 2016, some of the top corporate businesses have installed over 1 GW of solar which generates enough electricity to power 193,000 homes. Typically, when a small business owner reads about Fortune 500 companies installing solar at a large capacity, he or she may assume it’s unattainable from a financial standpoint. This way of thinking is a bit outdated — commercial solar isn’t just for corporations anymore. Businesses of all sizes are now seeking solar as a convenient way to green their operations while reducing their expenses and putting more money back into the business itself.

Here are some key benefits of solar energy that business owners should consider:

Reduction in Operating Costs

According to marketplace data, commercial property owners can save up to 75% each month by installing commercial solar panels. Going solar will nearly eliminate your electric bill, and you’ll payable to sell credits back to the utility company if your system overproduces.

Return on Investment

Not only will you reduce your overall operational expenses month to month, but with the initial upfront investment your business will then receive:

  • 30% federal tax credit
  • Depreciation allowance deducting up to 85% of the asset from your taxes
  • Additional state incentives (which vary by location)
  • A potential increase in the value of your commercial property

These perks help Momentum Solar commercial customers receive a return on investment in under 3 years. It makes a lot of sense from a financial standpoint and will help put more money back into your business.

Worry-Free Maintenance

After the system is installed and activated, there will be little to no maintenance needed. All solar agreements come with complimentary maintenance and 24/7 monitoring so that we can identify and repair any system issues should they arise.

Corporate Social Responsibility

“Greening” your company not only helps you save a decent amount of money, but it’s also a great marketing tool as you are showing that you are conscious of how your operating impact the world around you. As a business owner, being environmentally responsible by generating energy efficiently sends a great message to your customers. To put it in perspective, Momentum Solar is projected to be annualizing around 40 MW of solar installed this year, which is equivalent to:

  • Recycling 10,705 tons of waste
  • Planting 276,338 trees
  • Saving 3.2M gallons of oil
  • Offsetting 17,998 tons of coal

Ultimately, solar should be considered by any business. Momentum Solar is here to help you implement greener business operations that help benefit society.

“Greening” your company not only helps you save a decent amount of money, but it’s also a great marketing tool as you are showing that you are conscious of how your operating impact the world around you. As a business owner, being environmentally responsible by generating energy efficiently sends a great message to your customers. To put it in perspective, Momentum Solar is projected to be annualizing around 40 MW of solar installed this year, which is equivalent to:

Sources:
https://www.inc.com/vikram-aggarwal/calculating-the-benefits-of-going-solar.html
http://smallbusiness.chron.com/benefits-solar-power-business-94.htmlfacebooktwittergoogle-plusinstagramlinkedin

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