Commercial Solar Farms Can Save Your Business Money
As a business owner, you’re always looking at expenses and how to regulate what is going out the door. Often, electric bills rank as some of the highest expenses a company occurs. However, with commercial solar farms, you could save your company hundreds, if not thousands of dollars each year.
As premier energy brokers in New England, our team at Renewables Worldwide is dedicated to providing alternative energy solutions for a more sustainable future while focusing on our customers. In this article, we’re providing you with just a few of the ways our company can help you save money.
Electric bill reduction
The most substantial benefit of a commercial solar farm that appears each month for businesses is the immediate cost savings in the electricity bill. This is especially true if your company was reliant upon energy sources such as natural gas and oil. While you could be used to paying an upwards of 20 cents per kilowatt hour, joining a free community solar farm will give you a 10% discount of your all-in rate. All while being able to keep the benefits of your third party supplier.
How cost reduction is determined
Although we’d love to provide you with a straightforward answer on what your electrical costs will be once joining a commercial solar farm, we can’t. Several factors that go into determining your overall cost reduction. A few of these factors include your location, industry, size of your facilities, and the time of activity. While factors may be variable, one element stays the same; businesses will benefit from switching to solar.
Commercial solar energy may provide revenue
The great thing about joining a community solar farm is your savings is easy to figure out. Several factors go into determining your overall savings. A few of these factors include the size of our solar farm, how much of our solar farm can your business be allocated, and the annual kilowatt our consumptions of a particular business. However, this potential revenue depends on the state in which your business is located. Solar renewable energy credits (SRECs) are commodities you receive based on state requirements and regulations. Below is a list of states which are active SREC markets:
- District of Columbia
- Delaware
- Illinois
- Maryland
- Massachusetts
- New Jersey
- Pennsylvania
- Ohio
For more information on joining commercial solar farms, contact our experts at Renewables Worldwide, Inc. As experienced solar energy brokers, we can help your business achieve savings you never thought possible. Call us today for more information at (844) 542-5033.
