During my time at Gordian Energy, I have had the pleasure of witnessing firsthand the tremendous benefits that solar energy can bring to businesses. Whether you’re a small business or a multinational corporation, solar energy has the potential to transform the way you do business.
One of the most significant advantages of solar energy is cost savings. A recently installed Gordian-built solar array realized a 22.4% IRR on the investment and had a payback period of less than 5 years! By installing solar panels, businesses can drastically reduce their energy bills and save money on electricity costs. Over time, this can add up to significant savings, allowing businesses to reinvest in their operations and grow their businesses.
But it’s not just about the cost savings. There are intangible benefits that come with being a business that uses solar energy. By adopting solar energy, businesses can demonstrate their commitment to sustainability, positioning themselves as environmentally conscious and socially responsible. This can be a powerful marketing tool, attracting customers who share these values and helping to build a strong brand reputation. To illustrate real world implications, a 2022 PwC survey of consumers and employees found that 83% of consumers believe renewable energy is a priority, with 86% of employees preferring to work for companies whose beliefs align with their own. Even more significantly, 76% of consumers reported they would discontinue relationships with organizations that treated, communities, or the environment poorly. By using solar energy, businesses can significantly reduce their greenhouse gas emissions, demonstrating their commitment to sustainability and helping to protect the planet for future generations.
Of course, installing solar panels requires an upfront investment. However, there are incentives and tax incentives for businesses that invest in renewable energy. In addition, there are many financing options available that can make solar energy more accessible for businesses of all sizes.
In conclusion, the advantages of solar energy for businesses are numerous and compelling. From cost savings to environmental responsibility, solar energy has the potential to transform the way businesses operate, while also providing a powerful marketing tool. If you’re a business looking to make a positive impact on the planet and your bottom line, investing in solar energy is a smart choice.