Energy production and expenditure are always important topics for business owners and managers to consider due to the fact that every company requires a certain amount of power or fuel to operate. As a result, entrepreneurs and CEOs are always looking for ways to reduce their companies’ utility bills. Of course, one obvious way to do that is to install a solar panel system that will completely eliminate your company’s monthly electricity expenses in the long-term.
Despite the fact that installing solar panels makes a lot of common sense and is just the right thing to do overall – both ethically and financially in most cases – the vast majority of the world’s companies still operate using conventionally produced power supplied by their local grid. However, a number of major corporations have recently begun basing most of their operations on renewable energy, and there’s been a sharp, year-after-year increase in the number of commercial solar installations being commissioned.
With that said, here are seven reasons why solar panels are definitely the future of commercial energy production:
1. General Cost-Effectiveness
Companies can exist for decades or even hundreds of years, continually consuming electricity throughout the length of numerous human generations consecutively. Solar panel systems can be purchased and installed using lines of credit or financing options, which means that the upfront cost for installing solar is becoming cheaper as the market becomes more competitive and more alternative lenders enter the funding space as investors.
These factors combine to form a scenario in which it makes perfect long-term financial sense for companies to upgrade to solar as soon as possible. In fact, according to Semper Solaris, which is one of California’s leading providers of solar panels, the state has seen a boom in the number of businesses that are ditching the grid and switching to full solar setups. They’ve been able to stand at the forefront of the commercial solar trend in their region by offering a full catalog of solar panel installation configurations that precisely accommodate the energy needs of any business.
2. Business Owners are More Progressive Than Typical Consumers
Since businesses have an undeniable incentive to continually search for refinements that will increase their bottom lines, it stands to reason that entrepreneurs would be more savvy and progressive than the average consumer.
As such, the rate of technological adoption is much higher among business owners than it is among the general population. After all, the amount that you stand to save as a business is much greater than the small savings that a homeowner would enjoy by making energy-efficient adjustments.
3. Limiting Third-Party Dependence
The concept of corporate self-sufficiency is really taking off because business owners are learning about the dangers of building a home on someone else’s property. Essentially, that means you shouldn’t rely too heavily on any service provider, partner, supplier, or other entity.
While it’s impossible to stand alone as an island in business, there are certain expenses and risks that you can mitigate or eliminate altogether, and having to pay for electricity for the duration of your company’s existence is one of those unnecessary factors that can be crossed off of the list.
As entrepreneurs continue to realize the inherent benefits of freeing themselves from grid dependency, it is inevitable that a growing percentage of entrepreneurs will use some of their initial seed funding to pay a solar company for the installation of free and clean energy production systems.
4. Environmental Responsibilities
Every business has to consider the impact it is having on the environment, not only for moral and ethical reasons, but also for the sake of positive PR. Did you know that Apple is now 100% powered by renewable energy? In fact, many of their customers are attracted not only by the existing popularity of their iPhone and MacBook device lines, but also because they’re one of the only tech manufacturers that can make such a bold claim.
Likewise, Google has taken the more indirect approach of buying enough solar energy to offset their annual electricity usage. Since businesses try to emulate the success of their highest-ranking competitors, we’ve seen a wave of other tech companies following suit in switching their manufacturing and distribution practices to rely to fully solar-powered processes.
5. Solar Radiation is the Most Abundant Form of Available Energy
The sun’s rays are constantly washing over more than 50% of the Earth’s surface at any given time. Mathematicians have calculated the total solar power generating capacity of the entire planet and just a few years of collecting solar energy at a maximum rate would give us enough stored energy to power a civilization the size of our current global society for a span of hundreds or thousands of years.
As finite natural resources like fossil fuels continue to become increasingly expensive and competitively pollutive relative to the other green products and technologies on the market, it won’t be long before the race to occupy optimal solar-harvesting land begins. When that happens, companies will look for ways to create innovative solar arrays that can gather sunlight from multiple angles within multi-story structures. Companies will also start developing satellite based solar arrays that are able to collect solar energy from more spots in Earth’s orbit because sunlight extends beyond the horizon, which brings us to our next point.
6. Solar Energy is Available Everywhere, Even in Space
Most forms of energy production take place under very specific circumstances and in locations that have been specifically designed to carry out complex process. For example, to generate unclear energy, you need a nuclear power plant; to generate hydro-electric energy, you need a dam. Solar panels utilize the sun’s ubiquitous energy without the requirement for any significant building or infrastructure projects beyond the assembly and installation processes. There are very few locational limitations on solar energy, and as it doesn’t require massive investments to establish, utility providers of the future may see the value in establishing regional solar arrays rather than building more power plants. Plus, since many of the world’s richest people are heavily invested in the development of space travel and exploration, eventually we may see the need for space-bound solar power stations or even planetary solar arrays.
7. Subsidization Programs and the Collective Effort to Save the Planet
It has been said many times that we are the only species that can destroy the planet, but it’s worth noting that we are also the only species capable of saving it with the power of minds alone. Many politicians and regulators aren’t exactly the most progressive or empathetic people, but they still need to align with public opinion in order to receive votes and support.
That means that, gradually, as more voters start to hold environmental issues with higher regard, more politicians and regulators will have to appeal to this growing audience to win elections and continue their careers. As a result, we’ve seen many subsidization programs launched to create positive environmental and economic effects, which are goals that every politician wants to deliver on, or at least promise.
The Bottom Line is: Businesses Want Lower Bottom Lines
In business, the term “bottom line” means the amount of profit you’re making after all expenses, investments and other costs have been taken into account. Energy bills create a huge dent in every company’s bottom line, which can be corrected in the long-term by switching to solar power.