Posted on March 8th, 2023

As businesses become more concerned about the environment, they are turning to solar power as a long-term and cheap way to get energy. With improvements in technology and falling prices, solar energy is now a good choice for businesses of all sizes. In this blog post, we'll talk about the benefits of investing in solar energy for commercial properties and why you might want to work with SolarWay, LLC for your solar financing and development needs.

1. Cost Savings

One of the most significant advantages of investing in solar energy for commercial properties is the potential for cost savings. Solar power can significantly reduce a business's energy bills, providing a long-term return on investment. With solar panels, businesses can generate their own electricity, reducing their reliance on the grid and minimizing their exposure to energy price fluctuations.

In addition, solar power systems require minimal maintenance, with an expected lifespan of over 25 years. This means that businesses can enjoy years of energy savings without having to worry about frequent repairs or replacements.

2. Environmental Benefits

Investing in solar energy also has significant environmental benefits. By reducing reliance on non-renewable energy sources, solar power helps to reduce carbon emissions and mitigate climate change. For businesses looking to reduce their carbon footprint and meet sustainability goals, solar energy is an excellent option.

In addition, installing solar panels can help businesses to achieve LEED certification, which recognizes buildings for their sustainability and energy efficiency. This can help businesses to attract eco-conscious customers and increase their brand reputation.

3. Increased Property Value

Investing in solar energy can also increase the value of commercial properties. According to a study by the National Renewable Energy Laboratory, solar panels can add an average of $4 per watt to a property's value. This means that not only can businesses save money on energy bills, but they can also increase the resale value of their property.

4. Energy Independence

Another advantage of solar energy is the potential for energy independence. By generating their own electricity, businesses can reduce their reliance on the grid and ensure a reliable energy source in case of power outages or other disruptions. This is especially important for businesses that require a consistent energy supply, such as hospitals or data centers.

5. Tax Incentives and Rebates

Finally, investing in solar energy can provide significant tax incentives and rebates for businesses. The federal Investment Tax Credit (ITC) allows businesses to deduct up to 26% of the cost of installing a solar power system from their federal taxes. In addition, many states and municipalities offer their own incentives and rebates for businesses that install solar panels.

Working with SolarWay, LLC

If you're interested in investing in solar energy for your commercial property, SolarWay, LLC can help. As a solar power financier and developer, we offer expert financing and development services for large commercial solar projects, as well as battery energy storage systems (BESS) to help businesses manage their energy needs. With a competitive rate of just $4 per watt and a team of NABCEP-certified solar developers, we can guide you through every step of the process, from initial design to project completion.

In addition to our expertise and competitive rates, we're also committed to quality and customer satisfaction. We use the latest technology and design tools to ensure that your solar project is optimized for maximum efficiency and energy production. And with a focus on sustainable practices and eco-friendly materials, you can feel good about choosing SolarWay, LLC for your solar financing and development needs.

Investing in solar energy for commercial properties has numerous advantages, from cost savings to environmental benefits to increased property value. By choosing SolarWay, LLC for your solar financing and development needs, you can take advantage of these benefits and more. Contact us today at (646) 457-0519 or email us at [email protected] to learn more and get started on your solar project. Our team of NABCEP-certified solar developers is ready to help you achieve your sustainability and energy efficiency goals. Let's work together to make the world a better place, one solar panel at a time!