The year 2024 is set to break all kinds of solar energy records, with an increasing number of businesses turning to solar for more of their energy needs.
With attractive government policies and incentives, advances in technology, and the opportunity to enjoy significant financial savings, having a solar panel system installed at your Calgary business doesn’t just make environmental sense; it makes excellent business sense.
To learn more about how a solar company in Calgary can give your business a boost, consider these 4 reasons to invest in solar power today!
1. Your business can receive government grants and funding.
While enhanced government grants, tax credits, and incentive programs targeting green energy and solar energy projects may vary from province to province, businesses across Canada typically have many great reasons to make the switch to solar, thanks to the federal and provincial governments.
2.Solar power ROIs are better than ever.
The continual improvement in solar panel technology and the way in which sunlight is harvested has made today’s solar systems more efficient, longer lasting, and visually appealing than ever before. With greater resilience to weather and a lifespan often of more than 25 years, modern PV modules (aka solar panels) now also come with extensive warranties, giving you even more peace of mind as a business owner who’s about to go solar. Additionally, businesses can further reduce their reliance on the grid thanks to improvements in how excess energy is stored, giving them a constant supply of power, no matter what.
When you add up all these benefits, it’s clear to see that solar systems are giving their owners a greater return on their investment than ever before, enabling them to recoup the initial installation cost in as little as 4.5 years. As if there were any more compelling reason to switch to solar as a business than free, dependable electricity for decades to come.
3.There are ESG benefits to be gained.
ESG, or environmental, social, and corporate governance performance, is something that businesses are increasingly being evaluated on. What better way to demonstrate a commitment to more sustainable practices than by switching to clean, green energy? Reducing your business’ carbon footprint in such a way is a boon to your ESG profile. It can work wonders for enhancing your company’s reputation, bolstering loyalty from customers, and even helping you gain more favourable financing terms from financial institutions that give priority to green investments.
4. Ease of compliance with future regulations regarding net-zero emissions
Nowadays, the regulatory environment is pushing globally for more companies to achieve net-zero emissions and is continuing to offer more support for initiatives targeting renewable energies. By investing in solar power, your business can be in a fantastic position to comply with future regulations and even avoid incurring carbon penalties or taxes.
In addition to this, the maturation of the solar market has led to both the costs and technology performance becoming more predictable, making it the ideal time for businesses in all industries to invest in solar power.
Now is the perfect time to schedule a consultation with solar installers in Calgary. Benefit from stable and predictable energy costs, along with significant long-term savings. In 2024, a successful business thrives as a green business.