Reasons why you should install solar panel for your business
Electricity prices have increased over the last few years, resulting in increased operational expenses for businesses. By installing a Solar Solution, you will be able to offset your electricity consumption and hedge against future price rises. Although systems may require a large up-front capital cost, payback periods are typically around 5 to 10 years. This guide, intended for businesses and industry wanting to install a Solar Solutions, provides an introduction to the technology and navigates the process for commercial-scale solar solution installation.
Solar panel systems are a smart capital investment for businesses. They provide steady financial returns, and help business owner’s hedge against rising energy prices. There are lots of great resources available today that can help you evaluate whether “going” solar makes sense for your business.
S&S Energy Solutions makes it easier for businesses to explore their solar options. If you want get an instant estimate & quote from solar installers in your area, visit www.snsenergy.in
Use of Solar Panel for a Business
The use of solar photovoltaic (PV) panel systems has grown significantly in India, and is now an increasingly affordable option for Indian businesses looking to hedge against the rising cost of electricity.How Solar Panel Works?
Solar Panel Systems generate power by converting the energy in sunlight to clean electricity. Solar panels are connected to the mains power supply through a device called an Inverter. With a wide range of products and suppliers on the market, being an informed consumer has never been more important.Reasons for your business to go Solar
- Owners of newly installed solar panel systems get a federal tax credit for 30 percent of the cost of the system.
- Going solar makes it easier for companies to budget and plan for the future.
- Businesses can deduct 85 percent of the value of the solar asset from their taxes, providing another significant offset to the upfront cost of a system array.
- PBIs (Performance-based incentives), including solar renewable energy certificates, are a way for solar owners in some markets to receive payment from their utility for the solar electricity that their system generates. These incentives can be significant and greatly enhance financial returns for system owners over the life of the system.
- Help your business to hedge against electricity price volatility and inflation.
Guide to installing solar for business and industry
- Understand the Electricity Consumption of Your Business and Choose the Right Size System for Your Needs
- Understand Your Electricity Tariffs and How They Might Change
- Find a Solar Panel Integrator
- Do Your Due Diligence on Technology, Products, Warranties and Guarantees
- Engage With Your Electricity Distributor Early To Understand Grid Connection Requirements
Solar panel systems are a smart capital investment for businesses. They provide steady financial returns, and help business owner’s hedge against rising energy prices. There are lots of great resources available today that can help you evaluate whether “going” solar makes sense for your business.
S&S Energy Solutions makes it easier for businesses to explore their solar options. If you want get an instant estimate & quote from solar installers in your area, visit www.snsenergy.in
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