Sometimes, what makes a company successful is taking a chance on something new and unexpected. Being a trailblazer is what has defined some of the greatest brands in the world, including Apple, Google, and Tesla, just to name a few. Of course there are plenty of other ways to be a great business, but getting ahead of the curve can help tremendously. One of the fastest growing trends among homeowners, the agriculture sector, and now many small businesses and schools, is the installation of solar panels. However, solar energy has already been hugely beneficial for a number of large corporations.
How Big Companies Are Embracing Solar Energy
All around the country, solar energy is being deployed in a major way by a number of well-known companies. For more than fives years, companies like Walmart, Costco, Ikea, and FedEx have been leading the charge for installing and utilizing solar panels. This is helping them lower operating costs and increase profits. Learn more about some of these solar solutions here.
Why Go Solar?
For businesses, there are a number of reasons to make the switch to solar. First of all, when it comes to improving the bottom line, solar energy provides a number of benefits to commercial properties. The improvement of the technology and the rapidly falling cost of solar installation has allowed businesses both big and small to invest. This means reduced electricity costs, and and an overall reduced operating budget, since every kWh of electricity generated slowly chips away at the bill size.
Also, business with solar energy installations are eligible for a 26% federal tax credit, and modified accelerated depreciations. Over the course of 15 years, businesses can get an income stream from zero emission renewable energy credits in addition to general electric savings. Since the cost of solar is mapped out (fairly predictably) over the course of 20 to 26 years, businesses really know what they’re getting themselves into.
What Are Companies Doing?
In terms of scale, there are some massive installations owned by the country’s largest companies. For example, Walmart stores have over 150 total solar energy system installations, which provides cover 65,000kW of generated electricity. Some companies like Ikea will cover their entire roof of their store in panels, and that’s enough to generate electricity without needing to pay the utility company. Ikea is actually one of the leaders in terms of ratio for solar panel installations compared to number of stores, and is one of the top companies by solar geographic diversity.
The Benefits of Solar Energy Are Clear
Big businesses have seen the light when it comes to solar panels, so there’s no reason why your own business can’t get involved. You’ll have a reduced operating budget, and help decrease your carbon footprint as you become an environmental leader in your community. Depending on the size of your building, you can get creative with how you utilize solar energy, ranging from solar carports to powering parking garages. Always consult with a professional solar energy company who can explain your options and help you make the switch to solar.