Why Solar?

 Why Solar for your business?

Solar power isn’t just the future — it’s the present. A new solar project is installed every two minutes, and more than 135,000 installations were completed within the first half of 2015 alone. Small businesses everywhere are embracing commercial solar power systems, and it’s time your company caught up. If you need more convincing, here are the top nine reasons why your business can benefit from switching to solar power.

  •  Receive Tax Credits

One of the biggest reasons to switch to solar in the next year is to make the cutoff for the federal tax credit. If you purchase a solar power system your business maybe eligible for a 30 percent federal tax credit. Furthermore, businesses can deduct 85 percent of the value of the solar power system from their taxes. In addition to the tax benefits, some utility companies offer rebates to cover a portion of the solar power system cost. With these three benefits alone, you can significantly reduce the upfront costs of a system.

  • Receive grant money

Another big reason is the State of Rhode Island is currently offering grant money of $1.05 per kw if eligible this could significantly reduce the cost of the system.

  • Establish a Consistent Energy Bill

Many states’ electric rates increase annually, and as we consume more energy, costs will rise at a faster rate. With solar power, you can lock in the cost of your energy bill and avoid the volatility of fluctuating energy costs. After running your system for a few months, you can identify how much you spend and you can expect your bill to remain consistent every year.

  • Save Money

The most obvious reason to switch to solar is to reduce your monthly energy bill. However, many businesses don’t realize that they can actually save money and make up for the cost of the entire solar power system within a few years. EnergySage marketplace data reveals that the average commercial property owner’s electricity bill drops 75 percent — from $1,950 to $500 — after switching to solar. After the three to seven years it typically takes businesses to pay off their solar panel systems, you can enjoy free energy for the system’s lifetime, which is often upwards of 35 years.

  • Increase Your Property Value

Multiple studies show that buildings with solar power systems have a higher property value and sell faster at a higher price. Despite increasing your property value, a solar power system won’t increase your property taxes as other additions or building improvements would. If eventually you decide to sell your property, your solar power system can help increase the list price and the speed of the sale.

  • Reduce Your Carbon Footprint

Buildings account for 39 percent of all carbon emissions in the United States. You can cut up to four tons of emissions each year by switching to solar.

  • Be Seen as a “Green” Business in the Public Eye

Installing a solar power system shows that your business is committed to sustainability. Many consumers and communities are more likely to support businesses that are environmentally responsible, and 30 percent of consumers plan to increase their spending at socially responsible companies. Going solar also offers you the opportunity to promote your business within your community and raise awareness on the benefits of saving energy. By building your brand as eco-friendly, you can improve your company image and increase revenue.

  • Boost Your Team’s Morale

Just as consumers want to shop at eco-friendly businesses, employees want to work for socially responsible companies. Nearly three-quarters of Americans want to work for an environmentally aware company that promotes corporate responsibility. Multiple studies have shown that the more positive employees feel about their work, the higher their engagement and morale. Show your employees that you are committed to sustainability and you can inspire them to support your company’s mission.

  • Support Your Local Economy

Jobs in the solar sector are typically higher-paying jobs that aren’t outsourced. When you purchase a solar power system, workers in your local area complete the installation and you support your community’s economy. As more businesses switch to solar, more U.S. jobs will be generated in the green sector, resulting in a stronger and more sustainable economy.

  • Enjoy a Reliable, Maintenance-Free System

Solar power systems require minimal maintenance. You don’t have to clean them or adjust their positioning. Once they are installed, you can expect reliable service for at least 25 years. As many systems come with a warranty, you can feel safe knowing your system is covered should something happen.

With such a long list of benefits, your business can’t afford not to consider going solar. Get started by researching reputable solar panel companies in your local area to discuss the opportunities for installing a solar power system on your building.

Why Solar for your home!

Over the past decade, there has been a surge in residential solar installations in the U.S., as the benefits of going solar have become increasingly clear. A tiny market in the early 2000s, residential solar has grown almost 75% annually since 2008 due to significant declines in manufacturing costs and increased economies of scale.

More solar panels have been installed in the U.S. over the last 24 months than in the previous 30 years combined. This rapid growth has been driven by Homeowners looking to save money, increase the value of their homes, help the environment and achieve energy independence. While solar adoption was once inspired primarily by a desire to support the environment, the compelling economic benefits of solar are now a key reason many Homeowners are making the decision to go solar.

Simplified installation processes, coupled with significant cost savings, are supporting the projections for continued high growth in U.S. solar for the foreseeable future. We are accelerating the adoption of solar with our solar loan product, which shifts even more savings to the Homeowner and provides a full service offering, including performance and maintenance guarantees.

  • Save Money By Reducing Your Utility Bill

The cost of electricity for homeowners has gone up in 28 of the past 30 years, with an almost 40% increase in the last decade alone. History indicates that Homeowners who remain completely grid-dependent will pay more in utilities next year than they do now, and will continue to pay more with each coming year.

In contrast, if you go solar with ACE Solar Store you are likely to save money on your energy bill immediately. Solar panels generate electricity you can use to power your home, which can drastically reduce the amount of energy you need to buy from your utility company. In addition, your system may generate power that you don’t use, and in most states this surplus energy can be sold back to the utility company for other people to use – providing you with further savings on your utility bill.* In some cases, Homeowners’ utility bills can drop to $0.

  •  Receive Tax Credits

If you purchase a solar power system  you maybe is eligible for a 30 percent federal tax credit.

 

 

  • Receive grant money

Another big reason is the State of Rhode Island is currently offering grant money of $1.05 per kw if eligible this could significantly reduce the cost of the system.

  • Increase Your Home Value and Shorten Resale Times

Solar energy systems are an attractive asset for Homeowners looking to sell their homes, as rooftop panels have been shown to increase the value of the home while reducing its time on market.

A 2013 study from the Lawrence Berkeley National Laboratory indicates that a medium-sized residential solar system can add more than $20,000 to the value of a home. In addition, according to a study that was sponsored in part by the U.S. Department of Housing and Urban Development, home values can increase on average by $20 for every $1 reduction in annual utility bills. Savings of just $40 per month could lead to a $10,000 increase in the value of your home.

The addition of a solar energy system has proven to draw increased interest from home buyers, leading to shorter periods of time on the market. According to the U.S. Department of Energy, homes with solar sell at up to twice the rate of their conventional counterparts.

  • Drive The U.S. Towards Energy Independence

Today, the U.S. solar market remains relatively small when compared to the overall U.S. electricity market, but still generates enough energy to power 3 million American homes. With the widespread adoption of solar, the U.S. can move closer to energy independence and limit spending on foreign oil imports.

According to the U.S. Department of Energy, imports accounted for nearly 40% of U.S. oil consumption last year. The cost to import this oil: almost $300 billion! Solar, in contrast, is a practically limitless clean energy resource that can be generated locally.

The solar industry is now a significant contributor to employment in America, with over 140,000 people now working in solar. Job growth in solar is ten times higher than the national average, helping fuel the U.S. economy. By going solar, you can reduce our country’s reliance on foreign oil imports while supporting job growth in the U.S.

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