How Commercial Solar Power Can Increase the Value of Your Property
If your business is looking to reduce its utility costs or you want to help protect the environment, Los Angeles commercial solar power can be an affordable option. It can also increase your property’s value.
Incentives, tax credits and rebates can make it easier to finance your commercial solar project. Visit the California Energy Commission to find the incentives available in your area.
Los Angeles Commercial Solar Power is a great way to reduce your utility bills. Whether you own a car wash, apartment complex, or grocery store, electricity is an important part of running your business.
Electricity costs are sky-high in California. A study by the Energy Information Administration ranks California as the 7th most expensive state for electricity.
However, with the help of a reliable Los Angeles Commercial Solar Power system, you can cut down your bills and even eliminate them completely. Besides, you are also contributing to the environment by going green!
In California, solar energy systems are being used in hotels, crypto mining facilities, warehouses, greenhouses and many other large spaces that need to heat and cool. The cost of installation is recovered in a very short time and the return on investment is high.
Commercial Solar Power can significantly increase the value of your business. This is especially true when the business owner or a third party owns the property where the solar equipment is installed, making it easier to take advantage of tax incentives and reduced energy costs.
In addition, businesses may enjoy a higher property value when they enter into a lease or Power Purchase Agreement (PPA) with a local utility company for their commercial solar system. This is because the lease or PPA will allow a business to save money on their electricity costs over the lifetime of the contract.
In addition to these advantages, there are many studies and research articles that indicate how solar panels can increase a home’s value when it is sold. For instance, a recent study conducted by real estate information site Zillow found that solar-powered homes sell for an average of 4.1% more than their non-solar counterparts.
When you choose to install a solar panel system on your commercial property, you can help reduce carbon emissions and improve the air quality in the surrounding area. Unlike coal and natural gas burning, which release large amounts of carbon dioxide into the air, solar energy does not produce any emissions when it is operating.
California has one of the world’s most comprehensive climate change strategies, aimed at slowing global warming through market-based means. Its cap-and-trade program applies to a wide range of industries, including electric power plants and fuel distributors with 25,000 tons of CO2e per year or more.
By participating in the California cap-and-trade program, businesses can earn allowances that they can bank and use in future years. These allowances are distributed by a combination of free allocation and quarterly auctions.
Businesses that require energy for heating and cooling can reduce maintenance costs by turning to solar. This renewable power source requires minimal maintenance, and can be easily replaced if something goes wrong.
California has a state program called the Self-Generation Incentive Program (SGIP), which offers incentives to help customers install renewable energy technologies that decrease their demand on the grid. This program has helped many businesses cut their utility bills and save money in the long run.
While the initial investment in a commercial solar system is significant, it is typically paid off in a few years. This is due to the fact that solar systems can be installed at a much lower cost than other forms of energy generation.
If you own a business in California and are looking to cut down on your monthly utility bills, consider installing a Los Angeles commercial solar system. It will help your business become more sustainable and profitable in the long run.