Reduce carbon footprint, win more customers, lower operating expenses and capitalize on tax credits.
Corporate social responsibility and reducing the carbon footprint are important factors today in an organization’s culture and values. Increasingly, consumers and communities are recognizing and rewarding businesses that choose to operate responsibly. In fact, a recent Neilson report, U.S. SUSTAINABILITY MARKET, 2019, found that in today’s market, a good product is no longer enough to win a consumer’s favor. They are looking for brands that align with their personal values.
Businesses are finding that working toward reducing their carbon footprint and demonstrating green corporate values drives consumer purchasing decisions, creating goodwill and improving business results.
In addition to goodwill, going solar is also a sound financial decision. According to data provided by EnergySage marketplace data, the average commercial property owner pays around $557 in monthly electricity bills before going solar. After their installation, their electricity bill was reduced by approximately 89%.
In addition to the immediate financial benefits, installing solar panels can provide predictability for managing cash flow and business finances and reduce the risk of from the volatility and inflation of energy costs.
Significant tax credits are another important factor including Federal Investment Tax Credits (ITC), Accelerated depreciation opportunities and performance-based incentives (PBIs).