Technology offers countless ways to increase the efficiency of your business. In the last fifty years, the business world has transformed record keeping from a room full of file cabinets and a forest’s worth of sheets of ledger paper to a storage system that allows a terabyte of data to fit on a storage device that you hold in the palm of your hand. Then, there is the labor savings of accessing the data in a fraction of a second at any location around the world. So why not make those same technological strides with every aspect of your commercial property, starting with your business parking structure?
It is estimated that the average commercial property designates up to 10% of the property to parking. While that space is providing a service, it is certainly not meeting its full potential. Imagine harnessing that space to generate power and reduce your business’s operating costs. Solar parking structures from the Solar Group are providing those savings and many more benefits to savvy businesses across the country.
Crunching The Numbers On Solar Parking Structures
The estimated ROI for a solar installation in the United States is between 10 and 20%, with the greatest variable being the location of your business. Even with the most conservative estimate, the energy produced by a parking structure solar installation will pay for itself in 3-7 years depending on the funding option. However, there are other incentives that will often result in a much more rapid recovery of your investment, including:
- A tax credit of up to 30% of the cost of the solar panels
- A production tax credit based on the kilowatt production of the system
- Local grants offered to businesses installing parking structure solar systems
Added Benefits Of Solar Parking Structures
Every improvement made to your commercial property adds value. This is vital if you are considering a sale in the future due to expansion or possibly leveraging the property’s value to fund company growth or an addition to the facility. In addition, if you are installing canopy solar over an uncovered parking area, know that your employees and others using the space will see added benefits from increased fuel mileage thanks to less need for air conditioning to cool the vehicle to less damage from the sun’s UV rays deteriorating paint and other finishes on their vehicles.
Finally, installing solar parking structures clearly indicates to the community that you are invested in the future of the planet and generations to come. Nearly half of all participants in a recent study stated they prefer to do business with environmentally responsible companies. In addition, they are even willing to spend more to work with these businesses that support green initiatives.
Thinking Long-Term Pays Off
When you contact the Solar Group, our staff will assist you in determining the actual numbers you need to plug into an actionable plan to install a solar parking structure at your facility. We understand that this business decision must be supported by facts and numbers that will benefit your business and be a wise choice for the planet. Our team is confident that our professionals, their expertise, and our products will deliver the results you need to harness the sun with a solar parking structure to help grow the future of your business and the planet.
