Are Rising Energy Costs Draining Your Profits?

As electricity costs surge worldwide, U.S. businesses feel the strain, with rising utility expenses eating into profits more than ever. For brick-and-mortar businesses, solar power offers a strategic solution—reducing monthly bills and controlling long-term expenses. Unlike residential systems, commercial solar is complex, with factors like demand charges playing a significant role. Demand charges (fees based on the peak amount of electricity a business draws at once) can account for 30-50% of a commercial electric bill. A well-designed solar system can reduce these charges by generating power on-site during peak usage hours, significantly lowering costs.

Adding EV chargers to your business property is another forward-thinking step. With the rise of electric vehicles, on-site chargers are becoming an essential amenity, attracting customers and boosting employee satisfaction.

Current federal tax incentives—such as the Investment Tax Credit (ITC) and accelerated depreciation (MACRS)—make solar even more appealing. However, these incentives are not guaranteed to last forever, meaning businesses have a limited window to maximize their savings. Given the complexities of commercial solar, it’s crucial to work with a professional advocate who understands the nuances of project design, accurate ROI projections, and regulatory incentives.

Wendy Huffman writes and speaks on Emotional Intelligence and Business Solutions. She is also CEO/ founder of LetsMakeTHEDifference.org and Let's Make The Difference Consulting, LLC.

Tags: Tax Incentives #alternative energy sources #business growth #strategic business advantage #Wendy S Huffman