Looking For Commercial Solar Panels? Know 4 Benefits of Solar Energy for Commercial Facilities

The energy supplied by the Sun in an hour can meet the global electricity needs of over a year. However, despite it being the strongest source of energy, we’re barely able to leverage a fraction of this power.

It is possible to make the most use of Sun’s energy by installing solar power systems that not only make a positive difference to the environment but can also help us in saving some big bucks. 

Solar power systems generate clean, pure energy from the sun. This helps in combatting the greenhouse effect by reducing emissions and dependence on fossil fuels. Now, since commercial activities are responsible for a major part of the total electricity consumption of the world, it’s all the more important for them to invest in solar panels and understand their responsibility towards a greener, more energy-efficient world.

Also, read Does Solar Panel Price Depend on the Type of Panel?

Image Courtesy: Luminous

Investing in commercial solar panels has many other advantages too. Let’s take a look at the five benefits of solar energy for commercial facilities. 

1. Helps in Saving Electricity 

The first and perhaps most significant benefit of solar energy is that it reduces electricity bills. How much you end up saving on your electricity bills would depend on the usage of your grid electricity and the capacity of your commercial solar panels. 

Using a commercial solar panel also makes it possible to get paid for the excess energy generated by these panels by exporting it back to the grid. These factors make a solar panel system one of the most cost-effective investments for your business. 

2. Carbon Dioxide Reduction 

Using the energy derived from fossil fuels leads to an increase in air pollution. And since there’s a large amount of energy consumption, especially in industries and factories, switching to a greener energy source can have a huge positive impact on the environment. This means that if you install commercial solar panels at your factory or plant, you will be able to save on electricity bills while also promoting clean energy. 

Solar energy does not utilize chemicals or fossil fuels and therefore does not release any harmful gasses into the environment and reduces the production of carbon dioxide. 

3. Your Roof Will Remain Cool

Commercial solar panels can lower the amount of heat making its way to the roof by a whopping 30 percent. This can keep your roof up to 5 degrees cooler. 

Commercial solar panels provide clean and safe electricity, lowering summer cooling costs. In addition, they keep your top floor and industrial roofs clean and cool by reflecting and absorbing a significant amount of the sun’s renewable energy.

4. Tax Savings 

The Indian government is supporting the solar energy system in the business, commercial, and manufacturing industries by providing tax benefits under section 32 of the Income Tax Act, which allows them to take advantage of a greater rate of depreciation, also known as Accelerated Depreciation Benefit.

The accelerated depreciation enables commercial solar power users to depreciate their solar power plant investments at a faster pace than their capital assets. In exchange, the user is able to claim tax advantages on the amount depreciated during the year. All renewable energy technologies have a depreciation rate of 40%.

So, these were a few of the most prevalent benefits of using commercial solar panels. While there are many brands in the market that offer commercial solar panels, but it’s important to opt for products from well-known brands like Luminous. They offer a range of solar panels for industries and homes. These solar panels offer superior quality and durability, allowing you to make the most of your solar energy systems.