May 29, 2024

Marov Business

Business Blog

The Financial Advantages of Going Solar

3 min read
What Companies Should Know About Going Solar

There are several things that you hope will occur when you manage a business. To begin, you want a steady stream of consumers who will return in the future. Along with their support comes income, which you may employ to grow your business and stay afloat. Money is a precious commodity for company owners. Therefore, it is critical to use it carefully.

Owners should consider going solar while making modifications to their buildings. Although the initial cost may appear to be high, this eco-friendly solution not only saves money but may also help you earn rewards, making it cheaper than you believe. As you read on, you’ll discover why phoning Opal Energy Group is the best way to generate money.

Spend Less on Bills

In general, most commercial buildings are enormous. Thus, they must consume a lot of energy in order to function. While energy is vital, it may also be expensive. You might want to cry every month when you look at your utility bills. They can seriously harm your revenue and, for some, may place them at a disadvantage.

Even with only one commercial solar panel placed by Opal Energy Group, you will see a considerable difference in your monthly bill. Because your energy originates from the sun’s rays, you won’t need to utilize your utility company’s electricity as frequently. Businesses save an average of $700,000 over the course of a year!

Tax Advantages

Taxes are another major source of contention for business owners. Income tax, like electricity payments, can be difficult for businesses to endure each year. Because solar energy has a significant upfront cost, you may believe this is even more harmful. However, the federal government respects businesses that are becoming more ecologically responsible, and they have shown their gratitude through tax breaks.

Companies that go solar can receive a 30% tax credit, which implies that you can reduce the cost of solar installation iowa city ia by this amount when filing your taxes. You can also choose to have your solar system depreciated quickly by participating in an expedited program.

Incentives From the Government

When citizens in New Jersey start going green, the state government is just as happy as the rest of the country. To keep businesses solar and encourage others to do the same, they give monetary incentives for the first 15 years of installation. This can be paid in monthly, quarterly, or yearly installments, depending on your preferences.

When your panels are operational, you may expect to receive at least $150,000 from the state every one of those years. If you combine all of the aforementioned benefits, your annual return on investment (ROI) might be treble.

Starting the Process

The only way to ensure all of these fantastic benefits is to have solar panels installed, which a trustworthy firm like Opal Energy Group should do. They have spent years developing their trade as one of New Jersey’s premier installers, ensuring that your solar panels are not only professionally installed but also bring you extra money.

They exclusively deal with the top solar panel manufacturers, ensuring that your system will survive for years without the need for frequent maintenance. They understand that one of the reasons you picked solar energy was to save money, so they go out of their way to guarantee you get the most bang for your dollar. They can get you set up regardless of the size of your organization or the type of roof you have.

Your property value will increase as a result of their high-quality work. They calculated that commercial properties could gain $360,000 in value. Because the installations supplied by Opal Energy Group seem sleek and contemporary, you may notice more individuals using your services, increasing your income.

Opal Energy Group has a variety of financing and leasing alternatives to assist you in installing your solar system, so there is no reason to wait. If you’re ready to assist the environment while still making money, contact their team now to get started.