Businesses looking to reduce costs and mitigate their impact on the environment by going green is not a new concept. Businesses are transitioning from energy sourced from brown resources to green sources for a variety of reasons. Whether it’s to improve their carbon footprint or reduce their energy costs over time, going green is a great initiative for any company to take. More companies, like Google, are setting goals to have 100% of their energy needs covered by green energy. Not only can it be a smart investment but it can also improve your company’s brand image.
Customers often tell us that they don’t think they are good candidates for green initiatives like solar or LED. “Its too expensive.” OR “It doesn’t have a fast enough ROI to make it feasible.” OR “We don’t have the capital to invest.” But there are many options and incentives to counter-act those objections. Solar often has tax incentives both on a state and federal level that make it completely affordable.* Tax credits and other incentives change regularly, and as electricity markets shift (often increasing), so does the value proposition for going solar. Customers who add solar to their business also have their ROI realized on average between 4-6 years in many markets. And with changes to the tax code allowing businesses to realize depreciation in the first year, ROI can be even earlier.
Currently, some of the best areas in the tri-state region to go solar are the state of New York and New Jersey. Some of the more congested areas of New York City are not a great area to go solar though due to the high taxes, installation costs and extremely tall roofs on some buildings – which makes having a crane a necessity.
Am I a good candidate to go solar?
A business must have an energy spend of $500/month and have a roof under 5-years of age (or plans to replace) in order to establish a quick and worthwhile ROI on the system itself.
Small warehouse space in Edison, NJ
Medium Casino and Hotel in Atlantic City, NJ
Building with a pitched roof in the heart of Manhattan, New York
Medium office building in Westchester, NY
A restaurant in suburban New Jersey
Diversegy specializes in helping businesses of any size and budget find ways to reduce energy costs including utilizing solar and other energy efficient products. Curious if your business is a good candidate to go solar? Click on the “Free Analysis” button.
*Tax incentives vary by state. Please consult with a Diversegy energy expert to see what your state solar tax incentives are.