Solar Energy Can Help Your Business!
1. It’s a $mart investment,
Is solar energy a good investment? To answer this, we compare solar to other investment options. The average return of the S&P 500 since its inception in 1928 has been around 10%. The average return on a AAA Corporate Bond is currently 2.34% and the average return of a bank money market account is approximately 1.25% at the time of this article. The average ROI of Commercial Solar for the Mid-Atlantic Region of the US was 12.85% for 2019. This puts the payback for a fully funded customer system at 8 years 9 months. It gets even better than that, with the current Solar ITC and Depreciation incentives most installations are being done with $0 CAPEX.
2. Growth vs Overhead,
Business owners often say, “If I reinvest my money in my own business, I can generate a greater return than 14.5%”. Here’s where you need to make the distinction. Yes, reinvesting your money will grow the business, and growing your business is most likely your ultimate goal. However, business growth typically comes with increased overhead. In order to sell more your business needs to increase its production capacity – which means hiring more employees and/or purchasing additional inventory and equipment. That additional cost adds to your overhead. On the contrary, solar energy reduces your overhead by reducing an expense. That savings drops directly to your bottom line and instantly increases your profit.
3. You Stop Paying for a Non-Renewable Commodity,
If you are connected to the grid with no alternative generation your company will continue to pay its electric bill and taxes for a resource that can never be used again. Why not reallocate the money you’re already spending to pay for a solar project? Paying for a solar project is merely the reallocation of money that’s
already being spent. Solar Gives You Control it puts your energy production in your hands, reduces
uncontrolled costs and eliminates reliance of a single use commodity.
4. You’ll Gain a Competitive Advantage,
If I am manufacturing a product and my competitor has a lower cost to produce the same product, they will
either be more profitable or cheaper in price. This may sound obvious and elementary; however, it’s important to consider the competitive advantage solar could give you over your competition? Lowering your cost to do business is a great way to beat the competition and will more than likely result in increased market share.
5. Public Image,
In a world where social media has exposed the way companies do business, good and bad have far more
reaching effects than ever before. Solar is largely viewed in the American eye as something good! Whether that be from an environmental point of view, dependency on foreign governments issue or a smart business move, solar is looked at as a positive investment. Publicizing your companies solar project can bring a lot of positive business sensitivities and help increase your customer loyalty and lead to increased sales.
6. Decrease Your Carbon Footprint,
Solar has a positive effect on the environment. The average small commercial solar project produces energy equivalent to 65 barrels of oil or 715 trees. You can ask the US government how they figure that out! This is based on 84 solar panels in the North East. That being said, solar does have a positive impact on the environment and future generations will thank you.
7. Solar Is a Set-and-Forget Solution,
The last thing you need is more things to worry about, especially if it’s something you don’t have full control
over. The beauty of solar is very little ongoing maintenance is required. There are no moving parts and the
system is spread over a sizable placement. If solar is installed correctly there should be very few headaches
and the only reminder of having solar will be the monthly savings received!
8. Contact us today for a free energy model for your business!
317-749-0622
www.avisienergy.com
mcsmith@avisiltd.com