Finances

Renewable energy sources can reduce your business power bills

on


This guide outlines how renewable energy sources such as solar and wind can cut your power costs significantly. There are over 31 million small businesses in the United States, meaning there are ample opportunities to switch to renewable energy sources!

Though the upfront cost of installing renewable energy sources like solar power may seem like it would outweigh the benefits, you’d be surprised to find that you can save money on your energy bills in the long run! Still not convinced you should make the switch to green energy? Keep reading for some of the most convincing financial reasons you’ll want to look into clean energy. 

Why you should move to renewable energy sources

Independent of the Grid

When you use your own renewable energy sources, you’re completely independent of your community grid. This means you won’t have to worry about slowing production in the event of power surges or outages.  If severe weather or maintenance occurs, you may find that your business can’t operate without power. Not only does this impact your income, but it can also be frustrating for customers and clients. 

Additionally, solar is more efficient than a local grid as the power output won’t fluctuate due to factors outside your control. If you use your own renewable power sources, you don’t have to worry about interruptions. This means you can continue operating and bringing in your income to help cover the cost of running a business. 

Lower Energy Bills

One of the most obvious ways you can save money on your utilities with solar is that they reduce and, in some cases, eliminate your monthly bill! When you’re independent of the grid, you don’t have to worry about paying your energy company. Instead, you’re using the source that’s already on your property.

This means your solar panels will pay themselves off in no time, eventually saving you money on what you would have spent on your monthly energy bill. Plus, panels are low maintenance, so you don’t have to worry about the cost of upkeep when making the decision to switch.

As your energy source produces power, you don’t have to worry about unreasonable prices set by energy companies. Plus, you get the added benefit of knowing you’re making a difference in the climate when you use renewable energy!

Fixed Costs

As previously mentioned, when you install renewable energy sources like wind or solar energy on your business property, you don’t have to worry about using your local grid for energy. Not only does this save you in the event of a power outage, but you won’t have to worry about unannounced price changes!

Unfortunately, many power companies will often increase the price for the same services. This means you’re paying more and getting nothing special in return, costing you more in the long run. However, when you have solar panels or other renewable sources of energy, you don’t have to worry about random increases in your monthly bill.

Tax Incentives

In order to promote renewable energy sources, the federal government has offered tax incentives for residential and commercial properties that make the switch to solar energy. You can apply for up to 26% of the cost of your solar installation project on your taxes through the end of 2022, 23% through 2023, and 10% in 2024 and beyond.

Not only will you be able to enjoy the reduced monthly payments, but the tax break for making the switch to solar is a driving force for many business owners! You’ll need to ensure that you own the system before trying to claim it on your taxes.

It’s essential to note that these incentives won’t last forever, so you’ll want to contact the professionals at Blue Raven Solar today to make the switch before it’s too late.  You can also find similar incentives for other types of renewable energy, but information about solar power is most abundant. 

Smart Appliances

Another way to make the most out of your solar system and save even more money is to use smart appliances. These, combined with your solar panels, can save you money and necessary energy waste. Smart appliances for your business are beneficial as they regulate how much power different devices use. This means the appliances will adapt to the conditions and use an adjusted amount of energy.

For example, you can install smart thermostats which help regulate your business temperature automatically. This means you won’t forget to adjust the thermostat before closing, which can be a waste of money.  Both renewable energy sources and smart appliances can help lower your monthly utility bill!

Engage Conscious Consumers

Finally, one of the best ways to make the most of your solar system or other renewable energy sources is to use them as a marketing technique. You’ll reach a new variety of customers, meaning you can do more business. 

The state of the environment is a major topic for many consumers today. Knowing your business runs on clean energy is something that may draw a consumer to your company over others. Plus, as previously mentioned, you’ll find that the reliability of independent, clean energy keeps customers happy. Unlike other businesses that may not be able to stay open in times of power outages, you can keep your customer base happy.

Conclusion

Though the costs of renewable energy sources can seem intimidating to those considering the switch to solar or other green energy sources, the benefits outweigh the risk! Not only will you help save the environment, but you’ll save money. Talk about a win-win situation! If you’re ready to make the jump to green energy thanks to this guide, you should visit the rest of our website. You’ll find more great business tips and tricks to boost your success. 

Photo by Magda Ehlers

About Business Woman Media

Our women don’t want to settle for anything but the best. They understand that success is a journey involving personal growth, savvy optimism and the tenacity to be the best. We believe in pragmatism, having fun, hard-work and sharing inspiration. LinkedIn

Recommended for you