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Unleash the Potential of Commercial Solar Savings

Unleash the Potential of Commercial Solar Savings

September 25, 2023 By In News No Comments

Empower Your Business Growth: Unleash the Potential of Commercial Solar Savings

Imagine for a moment all the exciting possibilities that could unfold for your business if you could redirect the money you’re currently spending on electricity towards fueling your growth and innovation. Switching to commercial solar energy isn’t just about reducing your environmental footprint; it’s a strategic move that can unlock a world of opportunities. Over the life of the system, the savings you accrue from adopting solar power can be substantial, potentially amounting to hundreds of thousands or even millions of dollars. Let’s explore how you can leverage these savings to supercharge your business.

 

1. Expansion and Growth Initiatives

Picture this: your business expanding into new markets, opening additional locations, or scaling operations. These ambitious growth plans often require significant capital investment. Now, imagine using the money saved from your solar energy system to turn these dreams into reality. By redirecting these savings towards expansion and growth initiatives, you can fast-track your journey to becoming an industry leader.

Consider a retail chain using solar savings to fund the opening of new stores in strategic locations. This expansion not only boosts revenue but also broadens your customer base and enhances brand visibility.

 

2. Research and Development

Innovation is the cornerstone of business success. Your solar savings can become the financial foundation for research and development (R&D) projects that catapult your business ahead of the competition. By investing in R&D, you not only ensure long-term competitiveness but also attract top talent and foster a culture of innovation within your organization.

 

3. Employee Development and Training

A highly skilled and motivated workforce is vital for any business. Imagine the impact of using your solar savings to empower your employees through development and training programs. Investing in your staff’s skills and expertise not only boosts morale but also leads to higher productivity, improved customer service, and overall enhanced performance.

 

4. Sustainability Initiatives

The transition to solar energy aligns seamlessly with broader sustainability goals. Why not reinvest your solar savings into sustainability initiatives to further reduce your environmental impact? This could involve implementing energy-efficient technologies, installing EV chargers for your customers and employees, reducing waste, or even supporting renewable energy projects in your community. Such efforts not only benefit the planet but also enhance your reputation and customer loyalty.

 

5. Marketing and Branding

Solar adoption can become a compelling part of your branding strategy. Harness your solar savings to boost marketing efforts that highlight your commitment to sustainability. Create engaging campaigns, sponsor green events, or develop eco-friendly packaging. These investments not only build brand recognition but also resonate with environmentally conscious consumers.

 

6. Energy Efficiency Upgrades

To maximize your solar savings, consider reinvesting in energy efficiency. Modernize your equipment and upgrade lighting systems, HVAC, and insulation to reap significant cost reductions. These energy-efficient improvements not only save money but also contribute to a greener and more sustainable future.

 

7. Debt Reduction

Imagine the financial freedom of reducing existing loans or debts. Redirecting your solar savings toward paying off debts can significantly improve your business’s financial health and creditworthiness. This, in turn, opens up resources for other strategic investments and reduces the overall financial burden on your business.

 

8. Employee Benefits and Wellness Programs

Investing in employee well-being is a surefire way to boost your business’s success. Picture using solar savings to enhance employee benefits packages or to invest in wellness programs. This investment not only attracts and retains top talent but also elevates productivity and job satisfaction.

 

9. Customer Experience Enhancement

Happy customers are loyal customers. Imagine using your solar savings to improve the customer experience, whether through streamlined processes, upgraded customer service systems, or enhanced online and offline interactions. An improved customer experience leads to increased customer retention and word-of-mouth referrals.

 

10. Invest in New Equipment and Fleet Vehicles

Visualize the impact of investing your solar savings in modern machinery and a well-maintained fleet of vehicles. Upgrading equipment and vehicles increases efficiency, reduces maintenance costs, and positions your business for growth. For instance, a logistics company could use solar savings to upgrade its delivery fleet to electric vehicles, reducing both fuel costs and emissions.

 

11. Community Engagement and Corporate Social Responsibility

Imagine your business using solar savings to give back to the community and engage in meaningful corporate social responsibility (CSR) initiatives. Support local causes, sponsor community events, or launch philanthropic endeavors to fulfill social obligations and create positive relationships with customers and stakeholders.

 

12. Diversification and Risk Mitigation

Diversifying revenue streams is a wise business strategy. Envision your solar savings being invested in diversifying into new products, services, or markets. By spreading risks across multiple avenues, your business can better weather economic uncertainties and ensure long-term stability.

 

The decision to switch to commercial solar energy isn’t just about sustainability; it’s a strategic move that can revolutionize your business. The savings generated from solar adoption are a goldmine waiting to be tapped. By directing them toward smart investments that align with your growth objectives and values, you can secure a brighter, more prosperous future for your business.

So, what will you do with the money you’ll save on electricity when you switch to commercial solar? The possibilities are vast, the benefits undeniable, and the path to business success illuminated by the sun.

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Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.

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Convinced to go solar by the New Jersey incentives, PCS Wireless looked at several solar companies to provide the best overall value. Genie Solar was able to design a unique system to offset the largest portion of their electricity usage. Additionally, we combine it with an exclusive financial product which minimized the cash out of pocket and maximized the return on investment. The 494 kW system was constructed in minimal time, with no impact on the businesses operations.
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A provider of engine-generator systems, Kraft Power was a pioneer of “Total Energy” (Combined Heat and Power). After seeing the financial and green benefits of solar at their headquarters in Massachusetts, Kraft wanted to capitalize on the lucrative state incentives in New Jersey at a distribution center. By installing a 57.5 kW system on the roof they were able to offset 100% of their electricity usage, take advantage of the Investment Tax Credit, accelerated depreciation, and collect revenue from the New Jersey SREC program. Genie Solar made it a smooth process and limited the need for internal resources to manage the project.
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A premier provider of water treatment in the New York and New Jersey area, Tower wanted to go solar to save money and generate clean energy. Upon reviewing the financial benefits available in New Jersey with the SREC program and the federal Investment Tax Credit, they wanted to safe harbor the project in 2019 and construct in 2020. Buying American Made panels was an important component of the project, and by utilizing their white roof, Genie Solar was able to leverage Prism Solar’s bifacial panels to minimize the square footage needed and maximize the electricity generated. Genie Solar helped them achieve all of their goals in an efficient manner with a 44.6 kW system.
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Cardoza had both a showroom and a distribution center with exorbitant electricity costs in New Hampshire. As a legacy business, it was important to reduce costs and protect the business from increasing expenses prior to passing it on to the owner’s children. The show room’s roof and location made it a less than ideal location for solar; but the vast roof and direct sunlight on the distribution center could generate enough solar to power both facilities, plus the owner’s house. Leveraging New Hampshire’s group host program, Genie Solar built one 99.7 kW solar array to power all three locations. The owner is now considering converting more equipment to solar and building a second array.
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A destination nursery in rural New Hampshire, HBTSR was a long standing customer of Genie Solar’s sister company, Diversegy. After helping the business reduce electricity expenses for the past number of years, HBTSR turned to Genie Solar to reduce their rising electricity expenses over the long run. “Between the federal and NH state incentives, I was paid $8,000 to install my solar array. On top of getting money back, I am going to realize over $300,000 in savings during the 25 year warranty period of the solar array.”
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