Commercial Solar in Condos/Apartment Buildings

Did you know that solar energy accounts for 1.6% of the energy produced in the United States? Solar panels are becoming more common as a way to provide power and electricity to homes and businesses across the nation.

Solar power is becoming a mainstay for powering residences and commercial buildings. It has a slew of benefits for your budget and the environment.

Commercial solar is a great investment for your business, especially if you own and rent out apartments or condos. Commercial solar panels can save you money and make your property more appealing to potential renters.

Keep reading to learn more about commercial solar and how it can help your business.

What Is Commercial Solar?

Commercial solar is similar to residential solar power in that it uses the same technology and solar panels. The key difference is that it powers businesses rather than homes.

Commercial solar panels can be installed on a variety of roof types. It ties into your local utility grid so that you’ll always have power while also generating continuous savings.

Commercial solar panels provide a much higher amount of kilowatts. This helps them provide more power than their residential peers.

There are some factors that you should consider when deciding if commercial solar is right for you, and commercial solar companies can help.

The first thing to consider is the slope of your roof. When investing in solar panels you’ll want to ensure that they’re at an angle that will allow them to catch the most sunlight.

Solar companies can help with that because they will be able to determine the best angle based on where you live and the positioning of the sun over your commercial property or building.

Roof material is also an important aspect that needs to be considered when choosing to get commercial solar panels. Some materials like clay and slate can be damaged during the installation process.

If the roof of your condo or apartment building is made of slate or clay there are other options for getting commercial solar for your building and residents.

You also need to consider if your building is too shaded for solar panels to be effective. Tall trees or other buildings keep your solar panels from working to maximum efficiency.

Benefits of Commercial Solar Energy

As the owner of a condominium or apartment building, making a profit is the name of the game. Attracting new and numerous tenants and making more money are the primary goals.

Commercial solar is a great avenue towards achieving those goals, all while providing clean and environmentally-friendly energy. Here are some of the primary benefits of investing in commercial solar panels.

Reduce Your Energy Bills

Apartment buildings, no matter the size, use a lot of electricity. Some of that power is used by the tenants themselves in their apartments and some of it is used in common areas like hallways and laundry facilities.

Choosing to use solar energy can power both your tenants’ apartments and the common areas at your facility. This influx of power will lower your operating costs.

You can also make a bigger profit if electricity is included in what your tenants pay for rent. If you use solar panels your energy costs will be minimal to non-existent.

Additionally, by switching to solar power for your commercial condo or apartment building, you will be eligible for tax incentives. You’ll save money both on your electric bills and on your taxes.

Increase Your Property Value

Solar panels are a great way to increase the value of your commercial property. They make a statement to current and potential tenants that you care about the environment and reducing your carbon footprint.

More and more people value businesses and commercial enterprises that place a premium on protecting the environment.

With your condo or apartment building equipped with commercial solar panels, your tenants will have peace of mind knowing that the place that they live is making the planet a healthier place.

Find Alternate Forms of Revenue

Depending on where your commercial condo or apartment building is, you may generate more electricity with your commercial solar panels than your tenants use. 

During the especially sunny months during summer, your solar panels will collect more energy and sunlight than what your tenants are using on a daily basis. 

In cases like this, you can make additional money off of this extra energy. Selling any extra energy to your local power company is a great way to put this energy to good use and make more money in the process.

Flexible Rental Fees

47% of Americans said that they would be willing to pay more in rent if their electricity came from renewable energy sources. By investing in commercial solar, you could charge more in rent to cover the start-up cost.

This also works in the other direction. If your tenants pay their utilities separate from their rent it can be a selling point for them because they will save money.

This will make your apartments or condos more appealing to current tenants and more marketable to people looking for new places to live.

Be Environmentally Friendly

As a condominium or apartment complex owner, you are a large part of your community. Choosing to use solar energy is a great way to set an example in your community of being an environmentally-friendly organization.

You’ll also be reducing your fossil fuel usage and carbon footprint, making the environment a healthier place for everyone in your community and state. 

Are You Ready to Switch?

Commercial solar is the future of powering your business and especially condominiums and apartments. It increases the value of your property and makes it more appealing to potential tenants.

It also keeps your energy costs down and makes you eligible for tax incentives of up to 30%. Best of all, you can have all of those perks while also knowing that you’re making the environment and your community a better and safer place.

Are you ready to switch to commercial solar? Click here to get started with switching your condos or apartments to commercial solar panels today.

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