Why Do Companies Go Solar?
Commercial and Industrial (C&I) businesses have been going solar at a rapid rate… but why? Most companies‘ decisions to go solar fall into one of these 3 categories:
• COST SAVINGS (ROI/PAYBACK): Combining reduced electricity expenses with Federal, state, and utility incentives may offer a favorable ROI.
-“We like the numbers!”
• ENVIRONMENTAL RESPONSIBILITY (ESG): Solar panels demonstrate a commitment to
sustainability, reduce carbon emissions, and help companies meet environmental goals.
-“It’s the right thing to do!”
• ENERGY INDEPENDENCE: Making your own energy reduces reliance on grid power and helps
companies hedge against rising energy costs.
-“It’s self preservation!”
SOURCES: WOOD MACKENZIE
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