Investing in solar can benefit more than just your home, your business can benefit as well. Legacy Roofing has the products and knowledge to install your solar energy system so your business can further succeed. There are several advantages to your business going solar. 

Reduce Energy Costs 

Many businesses consume more energy than the average home, and the supply of energy has to continue to run continuously in order for your business to run smoothly. This much consumption means constant costs you have to account for each month. By switching to solar, your energy costs will drastically change. According to recent studies, commercial properties can save up to 75% on their current energy costs by going solar. Most businesses are able to repay the cost of installation within 3 to 5 years. After that period, all of the energy savings you accumulate turn into profit. This can be a huge relief to your business and help allocate funds in more beneficial ways.

Energy Means Independence

When your business begins to produce energy on its own, you become independent from the national grid. Your business can be fully energy independent. Power cuts or power outages will not affect your day to day productivity, so you won’t fall behind on your quotas. Solar also allows you to store any excess power, again giving you options when the grid goes down. 

Going Green for Your Business and Customers

When your business uses a renewable energy source, it should be marketed so that your customers know about it. Communicating your investment and commitment to sustainability will attract more customers to your business because they know that by supporting you, they are supporting clean energy. This can be a real competitive advantage that can set you apart from other businesses in your area. Going green also means you are eligible to receive an LEED certification, giving you notoriety in the corporate world as well.

Solar Tax Benefits

The national, state, and local government all support the increase in green energy sources. Their support is offered through tax benefits and financial assistance to organizations that switch to solar. Depending on the steps your business is taking to go green, you may qualify for certain tax benefits following installation. These include: Solar Renewable Energy Credits, Accelerated Depreciation, and a 26% Federal Investment Tax Credit.  

• Solar Renewable Energy Credits: Allows you to regain the costs of solar installation based on the energy produced by your system. Government frameworks have made it mandatory for electric companies to compensate solar users for every SREC they produce from their personal solar equipment.
• Accelerated Depreciation: A federal government program known as the Modified Accelerated Cost Recovery System has been put in place to allow solar energy users to write off their solar panel systems in the first year. The goal of this program is to assist you in improving cash flow so that you can finance the cost of installing a solar energy system. 
• Federal Investment Tax Credit: Currently, the US federal government is giving solar users a 26% tax credit on the costs of installation. This benefit will come to an end on December 31, 2022. If your business is able to install a solar power system by this deadline, you may qualify for the 26% Federal Investment Tax Credit.

Employee Satisfaction

With so many people supporting the benefits of solar energy, it is highly likely your employees will enjoy working for a sustainable business that takes green energy and the environment seriously. Knowing they are working for a sustainable company can increase their commitment and overall productivity. 

Supporting Your Local Economy

Investing in solar also means increasing jobs among your local economy. The more businesses go solar, the more work our contractors can complete, allowing our business to expand and help us offer solar products to others. 

When it comes to your business, it has to be set up for success as much as possible. Installing a solar energy system is a great way to reduce operating costs while decreasing the impact on the environment. This energy system takes up little space and continues to work as your business strives to reach its goals. The cost of solar has also decreased significantly since it first came out onto the market and over the past five years. As current electricity prices continue to increase, there is no better time to invest in solar. As a business owner, you know how quickly costs can add up. With a short payback period and several government benefits, taking advantage of solar aid programs can only benefit your business. 

To find out more about what it takes for your business to go solar, contact Legacy Roofing today. We are GAF certified, which means we can install the new GAF Timberline Solar Roof. We have also been certified by Tesla to install the Tesla Solar Roof. With these two incredible options, it really comes down to choosing the best one for your needs. Call us today to get started.