Commercial Solar - Good for Your Triple Bottom Line
You've built a strong company, with a great location, and you own your building. So, how could you make things even better? You can focus on your Triple Bottom Line with commercial solar.
What Is a Triple Bottom Line?
Triple bottom line (TBL), is an economic belief that companies should "commit to focusing as much on social and environmental concerns as they do on profits." According to TBL theory, instead of focusing on a single bottom line, companies should consider three: profit, people, and the planet. Companies that take a triple bottom line approach have a conscious commitment to social and environmental responsibility in their business practices.
Clean Energy and Your TBL
Although the cost of energy continues to rise, does this extra cost give you any additional value? The answer is, no. The extra cost to you is extra profit to your local utility monopoly. By investing in solar you can eliminate that rising cost of running your business and focus on your core mission and commitment to sustainability and environmental responsibility. Plus, you can claim certain tax benefits that can exceed 44% of the cost of the solar installation. That means that the switch to solar is actually saving you money, therefore increasing your profits.
Solar power is gaining ever-increasing support with 77% of Americans believing that developing alternative energy sources such as wind and solar should be a priority. According to the Tork Green Business Survey, 46% of Americans are willing to pay more for products if the company guarantees they are following ethical and responsible manufacturing processes. This is increasingly true of younger generations which represent an increasingly greater portion of the consumer base. Being able to advertise your business as using solar energy is a huge selling point that your marketing team can take advantage of. Utilizing solar power can help you reach more people and show your staff and community that you are committed to ecologically responsible business practices.
Why Solar?
Solar reduces your environmental impact, so it benefits your community as well as the planet at large. According to the EPA, in 2018, direct greenhouse gas emissions from homes and businesses accounted for 12.3% of total U.S. greenhouse gas emissions. If your building has a sunny roof, you have an opportunity to reduce emissions and save money at the same time. Solar helps you expand your triple bottom line. Contact Solar 4 Planet A today, I would love to discuss the opportunity to utilize solar energy for your home or business.