Solar power for Small Businesses

It’s just not possible to count the ways how solar power benefits for small businesses— we can try!

Eliminate or Reduce the Electricity Cost

You’ve been looking for all the ways to enforce cost-cutting in your business and here it is. Going solar can significantly reduce the operating cost of your business and even open a stream of passive income. 

Bid Goodbye to Power Outages

By implementing solar energy, you may lessen your company’s reliance on the power grid. Your company will be less susceptible to power outages and cuts. It will then lessen production disruptions. Additionally, having energy storage on your property guarantees that you have a backup power source in case the primary power source fails.

Green Enterprise

Increase your brand value by establishing yourself as a sustainable business. Utilizing renewable energy for your company demonstrates your dedication to sustainability. This will draw clients who care about the environment to your company. As a result, being green will provide your company with a competitive edge. 

Less Carbon Footprint  

A solar array can reduce your company’s carbon footprint, which has several tangible advantages for your company. Adopting new technologies in addition to solar may increase productivity within your company. It may also increase employee commitment to working for a company that embraces the future. By adopting renewable energy solutions now, you may position your company as a pioneer in your sector, which can be a key selling factor. 

Return on Investment

Solar power for small businesses is extremely efficient in reaping higher return on investment. Solar energy is typically viewed by businesses as a wise investment with a high return on investment. A solar array produces annual returns in numerous ways. Solar energy is an investment that may be swiftly repaid thanks to all of the various incentives and accelerated depreciation. Once the solar system is paid off, you may expect to see a profit on your investment of 10 to 30% every year because you will no longer have to pay for any of your electricity. 

Tax Benefits 

The government of India is encouraging more and more implementation of solar panels throughout the country. So, it is incentivising the companies to install solar energy. The government is giving direct and indirect tax advantages to firms. Taxes include anti-dumping duty additions, sales tax safeguards, exemptions from customs duty, and excise duty exclusions. All project revenues from the project’s ten decades of operation, procedure, and accelerated depreciation (AD) enable solar energy suppliers to claim 40% of the expenses in the first year itself are not subject to income tax for project developers. 

The perks of solar power for small businesses are endless. IB Solar has plenty of options for solar panels! So, what are you waiting for? Contact today and give your fair share of contribution towards clean energy!