Solar for your business
Businesses are increasingly turning to solar energy to power their operations. Corporate behemoths like Apple, Amazon and Target are some of the biggest commercial solar users today, but you don’t have to be a Fortune 500 company to reap the benefits of solar energy.
Declining solar prices and financial incentives make it more feasible than ever to harness the sun’s rays to power your business.
While energy use will vary from industry to industry, utility bills are likely a significant expense for your business. The average monthly electrical bill for Minnesota commercial customers was $658 in 2019, according to federal statistics.
As a locally owned and operated business, Wolf Track Energy understands the opportunities and challenges facing companies in the Northland. And we’re uniquely positioned to help them prosper with our array of energy services.
We’ve helped businesses reduce their utility expenses by going solar, so contact us below to learn how we can do the same for you.
Why Should Your Business Go Solar?
Companies can use solar panels to produce their own electricity, reducing the amount paid to their local power company and shielding them from future rate increases.
The federal government offers a 26% tax credit for systems that begin construction by the end of 2022. That will be reduced to 22% the following year and 10% in 2024. Commercial solar users can also use accelerated depreciation to cut installation costs.
Consumers are concerned about their carbon footprint, which affects where they decide to spent their money. According to a recent survey by IBM and the National Retail Federation, 57% of consumers “are willing to change their purchasing habits to help reduce negative environmental impact.” Installing solar panels helps clean up the electrical grid, helping users meet their sustainability goals.