Energy costs form a significant component of commercial properties’ operating expenses in Nevada. You can reduce your overall operating costs by keeping your energy bills low. But how do you cut your energy costs without impacting your overall productivity? Going solar can greatly help reduce commercial energy bills. Here, we’ll look at the benefits of solar energy for big commercial properties in Nevada.
Significant Reduction in Energy Costs
Installing solar panels on commercial buildings significantly reduces energy bills, lowering operating costs. While the installation costs may appear high, going solar reduces reliance on grid power, and the monthly savings make the investment viable. The commercial property can even reduce energy costs by more than 75% when they fully go solar. Annual savings on utility bills increase further after the payback period.
Can Be Scaled to Meet the Specific Energy Needs
While most people associate solar panels with homes, commercial property owners can also meet their energy needs from this sustainable source. The good thing is that they can scale solar energy to meet specific needs. That means you can start small and increase the number of solar panels and their sizes as the demand for energy grows. Excess power from the solar panels goes back to the grid, reducing energy costs even further.
State and Federal Incentives
Commercial property owners can benefit from state and federal incentives for going solar. Like in other states, commercial property owners in Nevada can benefit from federal tax incentives of up to 30% of the installation costs. Businesses can also take advantage of the Nevada Clean Energy Fund, which provides financial resources to building owners looking to reduce their energy bills with clean energy.
Nevada has one of the best net metering policies in the country. The net metering system allows property owners to receive monthly credit for excess solar energy production at 75% of retail rates. You can use the net metering system to reduce your energy costs.
Environmental and Sustainability Objectives
Going solar reduces your reliance on grid power and other non-renewable energy sources. In this way, you reduce carbon footprints and play your part in environmental protection and minimizing global warming and climate change with a sustainable energy source.
Long-Term Return On Investment
Going solar has a positive return on investment (ROI). That means installing solar increases the profitability of your commercial property. On average, solar has a return on investment of between 10-20%, depending on grid electricity cost and other factors, including;
- Energy bill savings
- The payback period
- Maintenance cost
- Increased property value
Looking for a Commercial Property Solar Installer in Nevada?
Installing solar can help you reduce operation costs by cutting down on energy bills. It also enables you to meet environmental sustainability objectives, improve property value and enjoy tax credits and rebates.
Solar Optimum is helping businesses across Clark County and the Greater Las Vegas area with large commercial solar projects that are 150kW to 200 kW in size. Contact us for a free solar panel estimate, or download our Ultimate Guide to Going Solar.
