Solar panel prices vary among locations. How much does commercial solar cost in New Orleans? The average cost is $2.95/W. Cost may vary depending on how many solar panels are needed to power your building. Solar providers will do the inspection once you file your application to have a solar panel installation. Through the inspection, they will be able to tell how many panels are needed. To answer more concerns, the question: how much do commercial solar panels cost in New Orleans? Let’s take a look at the Q&As on solar panel costs in New Orleans.
Are Commercial Solar Panels Worth It?
How much do commercial solar panels save on electricity? Running a commercial building would make you pay for skyrocketing electricity bills. But with solar panels, you can reduce your bill by up to 75.3%. Apart from that, you can reap more benefits, such as:
Great Return of Investment
The upfront cost may be pricey, ranging from $6,500 to $21,000 depending on the solar panel needed by your business structure. Since it will be used for business purposes, the savings that you can get can aid your business in lessening the operation cost. Within a few years, you can get your return on investment. Investing in a solar panel for a commercial structure is like investing in any other elements that can make your business better. Since you can get something in return.
Control Future Bills
By having a solar panel system, you can easily monitor your energy usage and if you need to cut down. You can do so, solar energy can be installed with a monitoring device, so you can track down your usage. Unlike when you use power from the grid, the usage is fluctuating and unpredictable. You don’t have to worry about rising energy bills already.
Business owners can get a 25% federal tax credit upon the purchase of a solar panel. This federal credit can be deducted from your tax liabilities upon filing of your yearly income tax. If there is excess, then it will be rolled over the next year until all your tax credits are utilized. This solar tax credit alone is a big benefit.
Solar Panels are More Affordable Now
Commercial solar installation costs are cheaper than ever. Years ago, solar panels were so expensive that having them was not suitable for everyone. But the price has dropped to 70% lower than a decade ago. This means it is a good time to invest in solar panels since they are more affordable. Especially if you are in a business, solar panels can help you reduce your operating costs and get your investment back the soonest.
Improves Your Branding Since you Go Green
People can be impressed by your company if they find out you are using solar energy. Supporting the campaign in a greener environment is everyone’s goal and since you are supporting this. People will patronize your products and services.
Increase Cash Flow
Operation costs are considered cash out for business. If a business can decrease its operational costs by using solar energy, then this means it can have higher cash in. They can grow their business better since they can cut down on expenses on their electricity bills. We know pretty well that business cannot run without electricity. That’s why, no matter how much they have to spend, they cannot cut it down. But by shifting to solar energy, they can now control it.
Now that you have an idea regarding the question: How much do commercial solar panels cost in New Orleans? You can now start planning on availing one to boost up your business. If you have to discuss it with your partners, then do so and get them familiar with the cost as well as benefits of solar panels. If residences can benefit within, then what’s more for business owners. A solar panel is the best solution to eliminate expenses that are necessary but can be subsidized with something equal to its original source. Invest in a commercial solar panel, and you will never regret it. Instead, you will be thankful for getting one, since you can see the benefit immediately after you start using it.