Commercial Solar in Texas
Solar Bitcoin Mining
A more recent application for commercial solar is solar power for mining bitcoin. Businesses, like bitcoin mining, where electricity costs are a major expense have a huge opportunity to improve their bottom line by supplementing or replacing their energy provider with their own power through solar. Integrating backup power with your solar panels is also an option to stay up and running while others can’t.
Why should I install a solar system?
Solar for your business is first and foremost about saving money on your electric bill and improving your bottom line, but there are tons of other benefits:
Predictable, Levelized Energy Costs- Business costs are inherently unpredictable. Solar panels provide a chance to take a highly variable expense, your electricity, and make it something that can be controlled. Whether financed or paid for in full, you know how much electricity you’re going to get and exactly what it costs for the next 25+ years. No more variable rates, expiring contracts, or changing recovered costs to worry about. It’s now fixed.
Demonstrate your Commitment to Sustainability - Customers look for companies that share their values. Sustainability and environmental consciousness are important issues today, and people take note of the companies that exhibit a commitment to those values. There’ a reason why many of the largest businesses in America have begun to invest in solar panels, and why they make a point to mention it in their advertisements. Commercial solar isn’t just for the big guys. Don’t miss an opportunity while there are still such excellent rebates and incentives.
Electricity Savings - Maybe most importantly, solar for your business can save you money. Through net metering, solar panels directly offset your electricity usage even if you aren’t producing the power at the same time that you’re using it. With solar panels, we can typically produce your power for less than what it costs from the electric company. There are also still very lucrative solar incentives. A federal tax credit of 30% (stepping down annually after 2019), a state franchise tax credit of 10% (if applicable), and numerous utility company rebates from utilities such as Oncor, Denton Municipal Electric, Coserv, and others. In certain circumstances we have seen companies get more than 50% of their system covered through various solar grants and incentives.
Demand Management - With slight tweaks in the way you operate your business, you can save even more by using solar panels to lower you monthly peak demand charges. Depending on how your business typically operates, you can reduce or eliminate a major portion of your overall demand fees. Minor changes can make a big difference in both your expenses and overall burden on the electric grid.