What are the benefits of using solar energy in the office?
- Reduce electricity bills
- Energy independence
- Tax incentives
- Better brand reputation
- Increases property value
Overview
- The impact of solar energy is bigger if it is used in the office.
- Saving money on electricity bills is the biggest benefit of switching to solar energy. It is because of this reason that your property will increase in value.
- Separating from the electricity grid means that you will not be affected by electricity hikes and outages.
- Using solar energy and becoming a greener business is more than a marketing tactic but also a social responsibility.
While solar energy research often focuses on household scale, its impact magnifies significantly in larger contexts like offices. With most individuals spending eight hours daily at work, office energy consumption is substantial, driven by lighting, air conditioning, and computers. Implementing solar solutions in offices offers multifaceted benefits, addressing cost concerns and fostering sustainability for long-term success.
In both big and small offices, cutting costs is a priority to balance the overall performance of the company. One easy action to aid this is looking into renewable energy. In this article, we’ll tackle the five benefits of using solar energy in the office.
Reduce Electricity Bills
In today’s inflation rate, the cost efficiency of solar panels seems to be an attractive long-term investment for businesses. Their ability to not only support expenses of business operations but also cut them in half is a huge benefit to businesses, especially small and medium enterprises. Its low maintenance costs are also an added feature to continue funding more aspects of your business.
The money saved from the increasing prices of something as high demand as electricity helps sustain the quality and convenience of businesses. It could also open or add to the budget needed for other business operations such as better technology, upgraded equipment, or simply a fund reserved for unexpected expenses.
Energy Independence
Investing in solar energy initiates the path to energy independence and achieving zero utility bills. This entails taking full control of your business’s energy production and storage, disconnecting from grid electricity reliance.
Independence from the electricity grid is advantageous as it mitigates strain and potential power outages caused by increasing energy demands driven by technological advancements.
Furthermore, being off-grid ensures immunity from power price hikes, safeguarding your business operations from escalating energy costs.
Tax Incentives
According to the 2008 Renewable Energy Act, there are fiscal incentives to switch to renewable energy like solar. Some of these incentives are income tax breaks, corporate income tax reductions, cash incentives, and financial institution support.
The income tax holidays or breaks begin in the first seven years, and after that, they will adjust to a 20% drop in corporate income tax from the usual 30%. Another commercial benefit is the zero VAT or value-added tax to other ventures such as the purchasing of local supply goods or services, constructing and installing plant facilities, exploring and developing solar energy sources, and employing subcontractors and contractors.
Better Brand Reputation
The world’s continuous awareness of climate change influenced consumers to prioritize sustainable practices in their everyday lives. Their consciousness also impacts their consumer behavior, opting to partner and purchase with businesses that support the same advocacies.
Transitioning to greener operations can attract new clients, customers, and investors while reducing the impact on the environment. Though it could be seen simply as a marketing strategy, it is also a social responsibility of corporations or businesses to operate ethically.
Apart from the perspective of customers and partners, becoming a green business also creates employee pride. Working and spending much of their days in a company that values the environment increases employee motivation.
Increases Property Value
The installation of solar panels in your property adds value because of its overall energy independence and reduction costs. As mentioned, solar energy is an investment that has long-term benefits. This sustainable feature is in demand for potential tenants and buyers looking for more ways to maintain their lifestyle and technology upgrades without having a big impact on the environment, offering them peace of mind with their stay in your property.
Key Takeaway
Electricity powers businesses, ensuring operational efficiency and maintaining product/service quality. Investing in renewable energy for your office goes beyond cost savings; it signifies a commitment to supporting sustainable initiatives.
Thinking of switching to solar energy? Contact us, get a quote, and make your office’s first steps into renewable and sustainable energy with us. At Solaric, we want you to experience a greener way of working.