When uncertainty strikes the economy, it’s all the more important to make investments that can provide a certain level of stability during market swings. Solar energy is one such investment, thanks to the reliability of its underlying technology, financing flexibility, savings it offers on utility costs, robust tax incentives, and many other attributes. Read on to find out why investing in solar is a smart business decision during unpredictable times.
Investing in solar energy -- whether roof or ground-mounted solar -- is a prudent risk management tool no matter the size of your business. Although committing to a new capital investment project during uncertain times may sound risky, solar financial returns are stronger than ever. Installation costs have plummeted more than 70% over the last decade and, with increasing electric utility rates, energy savings are realizable as soon as the system is turned on. Here are some more reasons solar is a safe investment:
In addition to offering stability and strong returns for your business, investing in solar can provide much-needed support to the local community and economy during uncertain times. Unemployment tends to rise during economic downturns, and solar projects can support the workforce by creating jobs and stimulating economic development. Solar energy can also provide resiliency when power outages strike due to weather or disaster. If your solar system has “islanding” capabilities (able to disconnect from the utility grid while continuing to operate), it can produce critical energy for your facilities during a power grid failure. Solar in such an instance is more dependable than other more traditional generators that have many mechanical points of failure and rely on vulnerable fuel supply chains.A volatile market can be cause for concern and a challenge for businesses, but an investment in solar offers a great deal of certainty in otherwise uncertain times. PowerFlex can help your business identify and execute on valuable solar opportunities. Our experience serving as the trusted solar partner for hundreds of onsite solar projects is a testament to our capabilities. That’s why it makes sense to turn to PowerFlex for your solar project. We are a company that has been at the cutting edge of the solar industry for more than 12 years, providing turnkey solutions that help businesses lower energy costs, increase property value, make smart investments, and meet sustainability goals. Contact us today for a free solar assessment.