Business owners and commercial property owners who are interested in going solar — this blog is for you. While it may sometimes feel like much of the information out there about going solar is targeted toward residential solar customers, we at KC Solar are here to be your commercial solar installers in Kansas City. And there are so many benefits to investing in commercial solar in Kansas City.
Keep reading to learn 8 benefits of commercial solar in Kansas City and why you’ll want to work with us at KC Solar as your commercial solar installers.
Return on investment (ROI)
As a business owner or commercial property manager, you probably have one particular thing on your mind much of the time: What’s your return on investment?
Something that sometimes scares people — individuals, families, and businesses — away from solar is the perceived cost. But it helps to think about it like you’re making an investment (which you are).
Just like buying a home or starting a business often requires a large investment upfront, many people agree that these investments are worth it when it comes to the ROI.
When you think about it this way, you’ll see it less as a bothersome expense and more of something that’s going to pay dividends in the future.
Improve cash flow
As soon as you work with a commercial solar installer to get your solar panels up and working, your cash flow can immediately improve. That’s because you’ll start seeing those reduced monthly electric bills as soon as your system is installed.
This makes commercial solar installation a “cash-flow positive” investment. That’s because the gains of your investment will outweigh the initial costs.
Reduce your company’s operating costs
Whether your commercial property is an office building, an apartment complex, or something else. It’s likely that it needs a lot of energy to operate at its best.
When you’re saving money on electricity, month after month, you’ll find that your commercial property’s operating costs decrease. Studies have shown that “Green” buildings can decrease the costs of operation by $50 to $70 per square foot.
Protect against future energy cost increases
Going solar is one of the best ways to protect against the rising costs of electricity. With solar panels, you can lock in the cost of your monthly energy bills. The stable monthly payments help you avoid financial surprises.
Between 2010 and 2020, electricity costs increased by 30%, according to the U.S. Energy Information Administration. But installing solar panels can help keep your commercial building’s energy costs fixed for years to come. That means your monthly budget will be more stable, and you can divert your energy savings toward other areas of your business.
Benefit from solar tax credits
What if we told you that you don’t have to pay for commercial solar installation alone?
With the Investment Tax Credit (ITC), businesses have been able to save on the costs of commercial solar installation.
But with the passage of the 2022 Inflation Reduction Act, it’s never been a better time for commercial solar installation. Now, the tax credit is worth 30% of the cost of the system through 2032.
That 30% solar tax credit reduces your upfront commercial solar installation costs, making it easier on you to get started and go solar. While the tax credit is available for the next 9 years, remember: the sooner you make the switch, the more money you can save over time. And the sooner you’ll see that ever-important return on investment.
Increase your property value
When it comes to residential properties, solar panels can increase home value. And for commercial property owners, the same is true. Not only can solar panels improve the aesthetics of your building’s exterior — which can increase value on its own — but you’re once again going to see that return on your investment, reflected in your property value.
If you ever choose to sell your property or business, studies show that potential buyers are willing to pay a premium for solar-powered property. Not only are they willing to pay more, but buildings equipped with solar often sell faster. As the world continues to move toward more renewable energy sources, solar panels are likely to remain highly desirable.
Improve your brand’s image
Many people try to live “green” lifestyles, but the truth is that it’s typically businesses that are responsible for many of the causes of climate change. While this generally applies to large, international corporations, consumers are taking note of which companies are doing their part.
In fact, a study revealed that Americans are willing to pay up to 5% more for environmentally-friendly products.
All this to say: Many consumers are paying attention to which brands are doing their part to work toward a greener future. Working with commercial solar installers to go solar could mean more business for your company.
Build strong local community relationships
When you choose to go solar, you’re more than just investing in your property, business, employees, and customers. You’re also investing in your own local community when you choose a local commercial solar installer for your project.
By doing so, you’re ensuring that your money stays within your community. Which makes the local economy even stronger. And it’s likely that your local solar company is sourcing their materials from other local companies — meaning you’re making an impact in more ways than one.
But it’s also another way to improve your company’s image in the local community. By working with your hometown solar team, you’re showing you care about the power of community and trust in your local talent to get the job done. If you’re not in Kansas City, even searching “commercial solar companies near me” could help you get started.
Why Work With KC Solar for Commercial Solar in Kansas City?
If you are in Kansas City, we hope you don’t need to search “commercial solar companies near me” — because we at KC Solar are here to be your commercial solar installers in Kansas City.
We’re here to answer all your questions about commercial solar in Kansas City, tax credits, and more. Allow us to be your local commercial solar installers and commercial solar experts.
Once you schedule a no-pressure site visit, our experts will help you understand what solar system specifications would be best for your business or commercial property.
KC Solar is the only local, commercial solar installer in Kansas City with KC natives who own and operate the daily activities of the business.
And be sure to download our Free Solar Panel Buying Guide for more information.