Businesses are constantly looking for ways to boost their reputation, expand their customer base, and provide a level of social responsibility and stewardship. While creating different programs to accomplish these tasks may seem like the only surefire way to tackle them, renewable energy can check all the boxes at once. If you’re a business looking for a holistic approach to improving your operations and stature, here are the many benefits of renewable energy for your business.
Lowering Costs
Although somewhat stable now, non-renewable resources such oil, coal, and gas won’t last forever. As they become scarcer, the cost of utilities is sure to rise. Renewable energy, on the other hand, provides limitless potential. Because solar, wind, geothermal, and other types of sustainable power can be used continuously and without the need for mining or fracking, you have a consistent, manageable power bill each month.
Boosting Company Image and Public Relations
Going green isn’t just a fad for hippies or companies trying to capture the elusive “green” consumer. Today, going green plays a vital role in attracting and retaining customers. When you transition to a renewable energy source, you plant seeds in the minds of your target market. While you may see lower costs, they see a company that’s invested in the future of the planet. That’s a one-two punch that has positive upsides on both sides of the equation.
Stimulating the Local Economy
Although a few national chains exist, most of the workers and companies that supply and install renewable energy products are local or regional. When you decide to purchase one of their products, you’re not only reaping the benefits of clean energy but you’re also stimulating the company and putting people to work.
Fewer Power Disruptions
If you’ve ever had your power knocked out due to strong winds, a storm, or another natural disaster, you’re not alone. These events happen regularly throughout the country, and you’re at the mercy of the utility company before your power gets turned back on.
With renewable energy, you’re essentially “off the grid.” If the power goes down at surrounding businesses or in your area, this won’t affect your operations. Not only does this allow you to keep your business open, but it can also give you a competitive advantage over other businesses in your industry. While they have to close their doors, you’re still running at full capacity.
Tax Incentives and Return on Investment
A great business owner is always looking for ways to lower their tax liability. And that’s just what happens when you decide to install renewable energy sources. You may be able to claim tax credits at the federal, state, and local levels and reduce how much you pay at the end of the year.
Why You Should Work With a Renewable Energy Consultant
Although the benefits of renewable energy are self-evident, you may not have the expertise to know what products you need or how to install them. That’s why you should enlist the help of our renewable energy consultants at 3 Phases Renewables. With the help of our experienced team, you can gather the information and guidance you need to retrofit your business and step into the next generation of renewable energy in your industry. Give us a call, we can help.