Monday, October 4, 2010

Benefits Of Turning Your Commercial Property Rooftop Into A Solar Powerplant

Source: HannahSolar

Solar power is the fastest-growing portion of the energy industry. The combination of public pressure toward more alternative energy and impressive technological advances in solar power generation means that solar is cheaper and more widely available than ever before. When people think about solar power, the picture they conjure is typically either of a residential rooftop array, or that of a utility scale photovoltaic solar power plant. However, it surprises most people to learn that it is commercial, non-residential, solar installs that are leading the way across most of the country. There are many hidden benefits to turning your commercial property into a power plant.

One benefit is the public relations upside for going green these days. There is an undeniable benefit from a public relations standpoint from being able to advertise an environmentally friendly company, or from announcing the construction of a rooftop solar power plant. For instance, Kohl’s recently unveiled their 100th solar location. The announcement received local media attention in New Jersey, where the store is located.

Another benefit of the rooftop solar power plant is a reduction in costs. In this economy, businesses are looking for any way to cut overhead, and the rooftop solar power plant is a great way to do just that. The installation of a rooftop solar plant helped Dina’s Interiors & Leather in Lakewood, NJ cut their electricity cost by more than 65 percent.

Finally, having a rooftop solar plant installed allows businesses to monetize unused space in two different ways. Building owners with rooftop plants installed can become single-building utilities, selling power to their tenants, or can sell power back to the grid as a way to help subsidize the mortgage. Additionally, more and more companies are offering to lease your rooftop space the same way a phone company would lease space for a new cell tower. This allows you to earn a profit from your unused, un-monetized space.

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