FAQs on Commercial Solar
Commercial solar, as its name suggests, is solar for businesses. As a business owner, there is no doubt that electricity bill takes up a substantial portion of your monthly expenses. For this reason, many are considering switching to commercial solar to tackle this issue.
To get a brief introduction to Commercial Solar, check out some of these common questions:
What Are the Main Companies That Have Switched to Solar Energy?
As green energy becomes more prevalent, we’ve seen the rising trend of large corporations leading the way to a greener future. In fact, many large businesses are already reaping the benefits of commercial solar. These corporations include Amazon, Google, Ikea, Apple, Intel, and many more.
Why Are Companies Switching to Solar Energy?
According to market research, energy savings from solar can be substantial. In fact, the average commercial property owner in the U.S. can reduce overall energy costs by 75% by going solar.
Hence, many businesses opt to invest in solar energy to reduce operating costs and create positive PR for their business. At the same time, the cost of investment in solar is falling as well, making it an affordable option for commercial customers.
Why Should My Company Invest in Commercial Solar?
For most companies, the biggest benefit going solar can offer is the monthly savings on their electricity bills. After going solar, you’ll start saving on your electricity bill, which means less money goes to the power company. Then, you’ll have more cash on hand to meet your business financial obligations.
On top of that, the Malaysian government has offered double tax incentives, Green Incentive Tax Allowance (GITA) and Capital Allowance (CA), to companies that undertake qualifying green technology projects for business or own consumption.
Last but not least, switching to solar also has a positive community impact. Consumers are increasingly recognizing and rewarding businesses that choose to operate responsibly. Hence, installing commercial solar panels sends a positive message about your dedication and commitment to clean energy. Furthermore, this will effectively improve business results and create goodwill.
Is Solar Energy Truly Beneficial for Businesses?
Yes! Installing a commercial solar system is indeed one of the most cost-effective ways to power your business. Besides, the NEM 3.0 scheme implemented by the Sustainable Energy Development Authority (SEDA) Malaysia has offered the Net Offset Virtual Aggregation (NOVA) programme to commercial, industrial, agriculture, and mining establishments whereby the excess energy generated from their solar PV system can be exported to the national grid to offset their electricity bills based on the Average System Marginal Price (SMP), or distributed to up to three wholly-owned subsidiary companies.
If you’re considering the switch to solar for your commercial building, look at it as an investment, not an expense. Companies that have undertaken solar projects will realize that the return on investment you get from solar power would often exceed most of the other investments in terms of the money your business saves over the years.
If you would like to know more, we’re here to help you with the process of joining the movement. Get in touch with us today!