Commercial Solar Energy: Savings for Your Business
As a business owner, you always have one eye on your expenses and are thinking of ways to reduce costs. Electric bills often rank among the highest expenses a company incurs. However, with commercial solar energy, you could save your company hundreds, if not thousands, of dollars each year.
As energy brokers, our team at Renewables Worldwide is committed to delivering alternative energy solutions that promote a more sustainable future, while prioritizing our customers’ needs. In this article, we’re providing you with just a few of the ways our company can help you save money.
Reduce Energy Bills
The most substantial benefit of a commercial solar farm that appears each month for businesses is the immediate cost savings on 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 on your all-in rate, all while retaining the benefits of your third-party supplier.
Determining Cost Reduction
Savings from community solar energy differ depending on the size and needs of your business. Several factors go into determining your overall cost reduction. These factors include your location, industry, facility size, and the time of day. While factors may vary, one element remains constant: businesses will benefit from switching to solar.
Revenue from Commercial Solar Energy
Although savings vary depending on the circumstances, once you work out all your variables, it’s easy to calculate your savings. Several factors go into determining your overall savings. A few of these factors include the size of our solar farm, the amount that can be allocated, and the annual kilowatt-hours consumed by 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 that are active SREC markets:
- District of Columbia
- Delaware
- Illinois
- Maryland
- Massachusetts
- New Jersey
- Pennsylvania
- Ohio
Commercial Solar Energy | Renewables Worldwide
For more information on joining commercial solar farms, contact our experts at Renewables Worldwide. As experienced solar energy brokers, we can help your business achieve savings you never thought possible.
