Solar energy is gaining popularity among businesses as a sustainable and cost-effective source of electricity. If you are a commercial property owner in Texas, specifically Houston, you may wonder if your property is a good fit for solar energy. In this blog post, we will answer that question and provide you with valuable information about solar energy, its benefits, and incentives available in Texas.
First of all, let’s talk about solar energy and how it works. Solar energy is harnessed from the sun’s rays through solar panels. These panels absorb sunlight and convert it into electricity, which can be used to power a commercial property. Solar panels are installed on a building’s roof or ground-mounted on the property, and the electricity produced can either be used on-site or sold back to the grid.
Now, let’s discuss the benefits of solar energy. First and foremost, solar energy is sustainable and eco-friendly. It reduces carbon emissions and helps to combat climate change. Additionally, solar energy is a smart investment for businesses as it can drastically reduce energy costs. Studies have shown that solar energy can save a commercial property owner up to 20% annually on their electricity bill. This saving translates to a significant cost reduction in the long run, ultimately allowing owners to allocate more funds for the growth of their businesses.
Certain commercial properties are a better fit for solar energy than others. For instance, properties with large roofs or open spaces are ideal for solar installations. Typically, buildings with 10,000 square feet or larger are deemed a good fit for solar energy installations. Examples of commercial properties that are ideal for solar include warehouses, manufacturing plants, shopping centers, churches, storage complexes and office buildings.
Now let’s discuss the cost saving potential of solar energy in Texas. Over the past decade, the cost of installing solar panels has decreased, making it more affordable for businesses. Additionally, the cost of electricity in Texas is on the rise, and solar energy can offset this upward trend. Commercial property owners who install solar panels can benefit from the property’s value appreciation, making it an attractive investment opportunity.
In addition to the cost-saving potential, Texas offers attractive incentives and programs for commercial property owners to go solar. Texas has a robust net metering policy, which allows commercial property owners to sell excess electricity back to the grid. Additionally, Texas has Property Assessed Clean Energy (PACE) financing, a program that provides low-cost financing for renewable energy projects.
In conclusion, solar energy is a smart investment for commercial property owners in Texas, especially in Houston’s sunshine-rich environment. Not only is it sustainable and eco-friendly, but it can also significantly reduce energy costs while providing a return on investment. If you own large commercial property, consider solar energy as a valuable energy source, and look into the incentives and financing options available to you. Going solar can boost the value of your property, while also benefiting the planet – a win-win situation for your sustainable and economical goals.
