Community Solar is Changing How You Benefit from the Grid
Community solar is a shared renewable energy program that allows multiple participants to benefit from a single solar installation. This setup enables businesses and individuals to access clean energy without needing to install solar panels on their own property, making renewable energy more accessible and affordable for everyone.
As a commercial business owner, you're always on the lookout for new ways to reduce costs, increase revenue, and contribute to a sustainable future. Community solar and installing solar panels on your property offer a unique opportunity to achieve all three—and even create a new source of passive income for your business.
Turn Solar Energy Into Passive Income
Solar energy isn’t just a tool for cutting electricity costs; it can also be a strategic investment. By installing solar panels on your commercial property, you can generate more energy than your business needs. Through programs like net metering or Power Purchase Agreements (PPAs), this excess energy can be sold back to the grid, creating a steady stream of revenue. These payments, often monthly or quarterly, transform your rooftop or unused land into an income-generating asset.
Community solar offers an additional layer of financial opportunity. If your property has ample space, you can partner with companies like 64Solar to host a community solar project. This means your solar installation can serve not only your business but also provide energy to local residents and smaller businesses. In return, you’ll earn leasing income or shared revenue from the energy generated.
Cost Reduction and Incentives
Investing in solar panels also significantly reduces your operational costs. With renewable energy powering your business, you’ll see lower electricity bills each month. Additionally, state and federal incentives, such as the Investment Tax Credit (ITC), allow you to recoup a substantial portion of your installation costs through tax savings. Depreciation benefits for solar installations further improve your return on investment.
Moreover, community solar programs can help you offset any upfront costs. Partnering with a community solar provider allows you to take advantage of shared funding models, so you can contribute to renewable energy initiatives without bearing the full financial burden.
Building Sustainability and Brand Value
Modern consumers and clients are increasingly drawn to businesses that demonstrate environmental responsibility. By generating solar power and participating in community solar initiatives, you’re not only reducing your carbon footprint but also positioning your business as a leader in sustainability. This can enhance your reputation, attract eco-conscious customers, and even open doors to partnerships with like-minded companies.
Flexible Options for Every Business
Whether you own a retail space, warehouse, or office building, there’s a solar solution that fits your needs. Businesses with limited energy usage can focus on selling excess energy, while those with larger properties can explore community solar opportunities to maximize their impact and income potential.
64Solar makes the transition seamless, handling everything from system design and permitting to installation and maintenance. By leveraging their expertise, you can focus on running your business while reaping the financial and environmental benefits of solar energy.
A Smart Investment for the Future
Solar energy is not just an eco-friendly choice—it’s a smart financial decision. By turning your property into a renewable energy hub, you’re creating a passive income stream that will pay dividends for years to come. Whether through direct energy savings, leasing opportunities, or community solar partnerships, solar power provides a pathway to greater profitability and a greener future.
Now’s the Time to Act
For businesses in New York City, compliance with Local Law 97 mandates reducing greenhouse gas emissions, making solar a practical solution. This law prevents passing the costs of compliance onto tenants, but the benefits are clear: rooftop payments and property tax abatements of up to $250,000 can offset the investment. We see similar laws being passed in other municipalities sooner than later. Meanwhile, the energy landscape is rapidly evolving. Since 2014, over 10-15 gigawatts of solar energy have been added, yet this capacity must double to meet the energy demands of AI-driven server farms and ease stress on the grid. Equipment costs have plummeted by 80%, modules are now twice as efficient, and technology has never been more accessible. Seize this moment to transform your property into a sustainable and profitable energy source. Partner with 64Solar today to explore how solar can work for you.
Please email us or call (855) 786-3329 to set up a free onsite solar consultation.