 Solar Energy is something that you hear about frequently but may wonder how it affects you and your home. The Cotocon Group has compiled some of the Benefits of Solar Energy that can hugely benefit Building Owners.
Reduce Your Energy Bills
Generating your own electricity means that you will be using less Energy from the grid. This will immediately result into Energy savings. You can also make money by selling the unused electricity, which you have generated, back to the grid. Through solar panel grants offered, you can make your green investment even more beneficial. The more energy you produce, the less you will need from the supplier which will increase your energy self-reliance. Solar Energy is usually the first thing on the list when people are trying to achieve net zero buildings or reduce their energy costs.
Low Maintenance
One of the best things about producing Solar Energy is that it is very low maintenance. Solar plants last up to 30 years or even more when properly maintained. During the winter season, you want to remove any ice or snow from the panels that will stop them from absorbing sunlight.
Increase Property Value
Installing Solar Panel systems to your properties can increase the value by up to $10,000 or more! Buyers today are more eco-conscious than ever. They want properties that fulfil all their needs but also give them added benefits in the future.
Energy Production during Peak Hours
Energy demand tends to be higher in the 11:00-16:00 time frame and then early in the evening. Naturally, this is the period when the price of the electricity peaks. Solar energy happens to reach its maximum production capacity during those hours. Electricity produced at that time has higher value than if it was generated at night. With the additional electricity input of solar energy, prices in those time frames could be driven down to a level close to those of night hours.
Great Return on Investment
Solar Panels are great value for money. If you want one good reason to choose solar panels, think about the return that you get on your initial investment. Solar panels significantly reduce your overall energy bills and can eliminate the traditional electricity that you typically use. Not only will you see savings every month, but you will see additional savings in the future on the cost of maintenance and repairs.
Get Substantial Tax Breaks
Significant federal tax credits are compelling to building owners to adopt solar energy. Two primary tax credit mechanisms offered by the U.S. government can dramatically cut the financial costs of solar system installation.
Building owners can reduce federal income tax liability by using the Investment Tax Credit (ITC) to claim a percentage of the solar system’s cost. Currently, solar systems put into service in 2022 or later, with construction started before 2033, meet certain labor requirements or are less than one megawatt in size and qualify for an outlandish 30% tax credit.
The Production Tax Credit (PTC) supplements the ITC by providing a per-kilowatt-hour credit for the electricity generated over the first ten years of a system’s operation. This credit is annual and adjusted for inflation, so it continues to provide ongoing financial benefits.
The Tax Cuts and Jobs Act of 2017 sweetens the deal even more by allowing 100% bonus depreciation on solar systems. Additionally, most states and utility companies back up the federal incentives with their own additional tax credits and rebates, adding to the financial advantage of solar investment.
Using these tax breaks, building owners can cut initial implementation costs by an order of magnitude and accelerate the payback of solar energy.
Eliminates the Risk of Power Outage
Solar energy provides building owners with a critical safeguard against power disruptions. Commercial properties are exposed to potentially devastating outages in a vulnerable environment: traditional power grids are vulnerable to severe weather events.Â
Solar panel systems with battery storage allow building owners to design a resilient energy infrastructure to maintain essential operations during grid failures. Solar energy is a reliable backup power source for apartment complexes looking for heating during winter or commercial facilities that need continuous critical systems.Â
It allows you to power important equipment—emergency lighting, communication systems, and basic electrical needs—that guarantees business continuity and tenant safety. This energy independence safeguards against unexpected power interruptions and shows how to handle risk proactively, respecting tenant welfare.
Future Proof Your Building
Solar energy offers a critical future-proofing advantage for building owners seeking to navigate the increasingly sustainability-driven market. Organizations are taking the lead by adopting solar technologies early and strategically positioning themselves as environmental leaders, a forward-thinking approach that speaks to modern stakeholders.Â
Another way this stance is proactive is that it benefits competitive advantage and also attracts environmentally conscious customers, investors, and partners that favor sustainable business practices. Solar energy investments are serious investments to reduce carbon footprint and protect our planet.Â
In addition, businesses adopting renewable energy solutions will gain brand reputation, potentially save costs and align with fast-paced global sustainability trends. In an increasingly regulatory environment and changing consumer preferences, solar energy has become less of an option and more of an imperative.
No Noise and Space Saving
Building owners enjoy unique operational efficiency and community integration when using solar energy. Unlike other energy technologies, solar panels operate extremely quietly, free of disruptive noise that could disrupt surrounding residential or commercial environments.Â
This quiet functionality is a huge benefit for businesses located in noise-sensitive areas. Solar installations also maximize existing architectural spaces that are possible with rooftops and vertical surfaces and do not require additional ground infrastructure. One of the biggest benefits of using this space-saving characteristic is that building owners can take advantage of real estate in ways that would otherwise be impossible.Â
Organizations can add solar to their energy infrastructure without sacrificing potential expansion areas or aesthetic appeal. Solar can become an intelligent, discreet energy solution by seamlessly integrating solar technology into existing structures.
As The world and New York City in particular moves towards Reduce Green House Gas Emissions and towards a renewable and Sustainable future, Solar Energy Systems are a great way of achieving those targets. For more information on how they could help, Contact Us.
