With rising fuel and energy costs across the globe, major corporations are shifting toward a more sustainable and renewable source of energy, this can help reduce the costs of running their operations while encouraging and sustaining maximum profits.
Is this the only advantage of adopting renewable energy sources?
Most certainly not! This article will explain just why big names like Walmart are completely shifting towards a solar-powered energy source and how it benefits other parties involved.
What is Commercial Solar Energy?
Commercial solar energy, as the name suggests, is essentially the installation of solar panels for commercial buildings. Almost all of these commercial buildings are employed by businesses running their operations.
The key difference between commercial and residential solar energy, however, is that commercial solar energy is employed on a much larger scale.
You’ll find that most businesses using commercial solar energy to run their business operations install multiple solar panels instead of a singular one, which is what most residential housing establishments need to generate electricity for their homes.
If you’re a landowner, leasing land to solar farms also can be a great way to generate income, whether you’re an independent contractor or a commercial business with vacant land to rent.
Not only would that be a great decision financially, but you would also be contributing to the development of renewable energy.
Advantages of Using Commercial Solar Energy for Corporations
Lower Operating Costs
One of the major advantages of corporations shifting towards renewable energy sources like solar power is the reduced operating cost for their business operations.
Operational efficiency is a key objective for every business aiming to reduce its operational costs and attain maximum efficiency.
Using a more sustainable form of renewable energy like solar power can help businesses save a lot of money, which can be invested in other more important areas of operation.
Businesses employing commercial solar energy to run their operations have seen considerable growth in profits, which is why every other business is following suit.
If you’re a business looking to save on huge financial costs of operations, investing in an energy source like commercial solar energy would be just the move for you.
Environmental Impact
One of the most important benefits of businesses using commercial solar energy is the positive impact it can have on the environment.
The world recognizes climate change as one of the most immediate concerns that need to be addressed. Solar energy is essentially a renewable power source that can be incredibly useful for the environment and has a major role to play in reducing climate change from the burning of fossil fuels.
Independence of Energy
If you’re a business using solar power to power your operations, you can benefit by not having to rely on any external power suppliers with continuously increasing costs of grid electricity.
As energy costs continue to rise across the globe, businesses are finding it harder to keep up. If you’re planning to invest in a solar panel for your business, now is the ideal time to switch to commercial solar energy before the demand for solar panels skyrockets.
Investing in commercial solar energy for a business can help avoid the unnecessarily high costs of electricity.
Enhanced Brand Reputation
Businesses shifting towards renewable energy sources indicate that they’re committed to complying with regulations and meeting sustainability goals. Businesses using solar power demonstrate their responsibility towards a greener future. This can be a great marketing move, as it helps establish them as a socially responsible business concerned for their customers and the environment.
A socially responsible business that uses renewable energy to run its business operations is more likely to enhance its brand reputation than one that doesn’t.
The better your brand’s reputation, the more sales you’ll eventually be able to generate. An enhanced brand reputation can generate better profits, so switching to renewable energy sources could be a great strategic move for businesses.
Good Long-Term Investment
Purchasing a solar panel is a great long-term investment for businesses as it has a particularly long lifespan, which can go up to years. If you’re a business deciding to invest in commercial solar energy and you’re worried that the initial costs of investment are not worth the payout, you may not know the full picture.
You may not know this but solar panels are essentially considered assets for your business because they can increase the property value of your business and you can benefit from a greater payout if you’re looking to sell your business. So the investment is most certainly worth the payout, even in the long run.
Big Brands Using Commercial Solar Energy
A lot of big brands in different industries are shifting toward a more sustainable source of energy by employing solar power to run their business operations.
Here are a few big brand names that are using commercial solar energy to run their businesses:
Walmart
You know Walmart as one of the leading retailers in the world. When you think of Walmart, you think of savings. Walmart encourages low-cost savings as one of its core selling points.
One way they do that is by maintaining lower production and operational costs. Investing in commercial solar energy is one of the best decisions Walmart could make to sustain significantly lower operational costs.
Walmart is encouraging renewable energy practices within the retail industry, and more retail brands are inviting this change because of the numerous advantages it has to offer.
McDonald’s
Your favorite fast-food chain, Mcdonald’s is also slowly transitioning to renewable energy sources to power its operations. Mcdonald’s is known for incorporating environmentally friendly practices in their operations, and they continue to implement sustainable practices to help the environment.
Switching to commercial solar energy is a great move for Mcdonald’s not only from a strategic perspective but also from a financial perspective. Most of its outlets have installed solar panels on their rooftops, which has reduced operational costs significantly
They have set strategic targets that they wish to achieve and aim to power their restaurants with clean energy. This can have a great impact on the environment, so they may eventually sustain a low-carbon economy.
A brand name as dominant as Google has also adopted commercial solar energy to power its energy needs. They have invested in multiple solar projects globally and also aim to shift to a more renewable energy source like solar panels to run company operations.
With a big brand name like Google, going solar can have a great impact on the environment and may encourage other tech businesses to do the same.
Conclusion
The article explains how shifting towards a more renewable source of energy can be a game-changer for your business and how it can have a great impact on the environment.
With the rising importance of environmental sustainability throughout the world, more businesses are realizing the importance of adopting commercial solar energy to power their business operations.
