As a property owner, you need to find practical ways to save money to ensure that you will get the most out of your profits. However, maximizing your income does not mean that you must skip out on landscapers, on-site security or custodial services. To increase profits, there are two things to focus on: generating more revenue and cutting down on costs. What are the most effective ways for you to save money?
One great money-saver for shopping centers is the investment of solar power. This may seem surprising, seeing as making the switch involves a capital outlay. However, it can pay off handsomely in the long run!
Why Shopping Centers Should Shift to Use More Solar Power
There are many ways by which property owners can benefit from making the switch to solar power. In this article, we will discuss a few:
1 – It’s better for the environment and sustainable
Perhaps the most obvious advantage, switching to solar power means contributing much less to the build-up of pollution and greenhouse gases. You will be assured that the power that you will be using is gathered by solar panels and will not be harmful to the environment.
The best advantage of using solar panels is that you will be using sustainable energy from a renewable power source. The sun will not stop shining (at least not within a hundred more lifetimes) so it is safe to say that your solar panels will be able to harness this seemingly unlimited energy source for years to come.
2 – Property value
While solar panels are an improvement to your commercial property and investment for your business’ future, it doesn’t hurt to know that if the time ever comes that you sell your property you will have increased its resale value. By adding commercial solar panels to your building, you can boost its value and make it more desirable to prospective buyers. A reduced energy bill can also look appealing to current and future tenants.
3 – Considering covered parking?
If you are looking to building a roofing type structure for your parking area, consider optimizing the pitch for addition of solar panels. These panels will be a convenient dual-purpose roof and power source that will provide both roofing and power to your property.
4 – Reduce the operation and your EV charging station costs
There will see a visible change in your property’s energy bill after you have solar power panels installed depending how big of a system you install. EV charging stations have become increasingly popular at malls and grocery stores. While your charging station is driving traffic to your property, having solar can offset those energy costs. Lastly, if you have showcased your commitment to sustainability, why not compliment it with solar?
5 – It Comes with Tax Incentives
There are several state and federal solar tax credits and rebates that you might be able to take advantage of. Speak to your commercial solar installation service provider and accountant to see if you qualify.
Having solar panels installed will not only be a great way to save on your property’s and tenants’ expenses, but it will also be a convenient way to shift to using a more sustainable energy source. While it may seem like an expensive investment initially, you will be able to see a drastic reduction in your power expenses in the long run, making it a wise choice for any business.
Switching to commercial solar energy for your business is an investment that pays off for your company in more ways than one. Stay competitive in your industry with an energy investment that sets your business apart. When you’re ready to make the move to solar on your commercial property, make sure to choose a dependable company.
If you are planning to add solar panels to your place of business or commercial property, then look no further than us. Simmitri offers comprehensive commercial energy solutions in San Jose, CA and surrounding areas. Contact us to learn more about what we can do for you!