In a highly competitive world, it's suicidal for businesses to raise prices to increase profit margins. Instead, companies have to focus on reducing costs wherever possible. Low overheads and production costs are key to survival for companies everywhere in the world. Energy takes up a lion's share of costs for running a factory or office or workshop. Bringing down even a small part of energy costs can significantly add to the bottom line.
This is one of the main reasons why businesses favour solar power. Generating solar power offers independence. When companies start making their own solar power, they are no longer dependent on the grid for electricity. This offers them greater freedom to operate the way they want to, unfettered by constraints imposed by limited availability or high costs of energy.
Solar power is renewable, free, limitless and completely renewable. As long as there is sunlight and your area receives adequate direct exposure for a sufficient portion of the day, you will be able to generate enough solar power.
Solar energy is natural, environment friendly and does not require any artificial processes for its creation. It does not generate any harmful by-products. It's a green technology that is nature friendly and can be harnessed endlessly for as long as sunlight is available.
Maintenance is minimal. Solar panels generate electricity for years with hardly any maintenance needed. Clean the panels twice a month if you live in a dry and dusty area. Replace the storage batteries periodically. No other maintenance or repairs are necessary.
Solar energy is affordable. It has gone mainstream because of significant backing from governments and non-profits. Technology has advanced by leaps and bounds and the cost of solar panels has come down significantly in recent times.
Solar power adds value to your business. Small businesses with fully functional solar power plants attract a higher valuation than a comparable business that does not have one. The green advantages, a lower outlay for power and sizable government incentives all make these types of businesses very attractive to prospective buyers. A solar power plant is silent and nobody will even know that it is working to generate the electricity you need.
Solar energy can help reduce your electricity charges. Businesses with solar power facilities pay less in electricity charges because a part of their consumption is met from the energy generated through solar panels. Solar power is clean and green energy which does not emit any greenhouse gases. This will earn businesses valuable carbon credits.
Energy generation becomes decentralized as a result of widespread solar panel installation. This frees energy production from the grip of few resource-rich countries. No single entity or country can fix rates or jeopardize business profits by arbitrarily increasing prices.
Solar energy is an investment in the future. It frees businesses from the throttling grip of energy companies, freeing up money that had to be allotted for energy bills to be diverted to other worthwhile activities like research for new products and technologies.