Economically, 2022 hasn’t been a particularly stable year. Soaring prices, supply chain challenges, recession fears, and more… The events of the last several months have created a difficult environment for business owners looking to maintain some level of predictability in their operating expenses and plan confidently for the future.
Fortunately, there are ways to insulate yourself against the disorienting effects of years like these. One of a company’s most necessary expenditures—energy—also presents plenty of room for increased efficiency.
Beginning the transition to renewable energy is a sure-fire way to increase your resilience in the face of economic uncertainty, bringing predictability in spending and the knowledge that you’re aligning yourself favorably with long-term trends. Through a single decision, you’ll be setting your business up to benefit from day-to-day savings and reap more rewards in the future.
Here are three factors that make solar energy a cost-effective choice for your business.
It’s inexpensive to purchase solar energy
We’ve said this before, but it’s a point worth repeating on a regular basis: Solar power and other renewable energy sources are cheap and well insulated against wild price fluctuations.
The same definitely can’t be said about fossil fuels. After months of high demand and rising prices, oil-exporting countries are now cutting their supplies to prevent costs from dropping as fears of a global recession linger. In other words, oil providers are playing puppet master with global supplies in order to maximize their profits.
Frankly, it’s not a new situation. Energy prices have always been influenced by profit margins and opportunism. It’s impossible to escape… unless you take control of your power supply and start using clean, reliable energy generated much closer to home!
And why wouldn’t you? Like we said a moment ago, renewables are cheap. Really cheap. Solar, wind, and other renewable energy sources are consistently less expensive than fossil fuels. (It’s also less expensive to build new solar and wind facilities than fossil fuel power plants, even with current supply chain problems in mind.)
Less expensive power sources mean lower energy bills each month. It really is that simple.
Policy changes are strengthening our renewable energy infrastructure
Renewable energy prices have dropped consistently and significantly over the last decade. Now, thanks to recent action on energy policy at the federal level, many experts believe the future for renewables is only going to keep getting brighter.
The Inflation Reduction Act, signed into law in mid-August, marked the most significant action ever taken by the U.S. government to address climate change. There are some really significant provisions designed to support the development of clean energy technologies within the bill. Among them, a tax credit encouraging renewable energy storage projects—which allow power from sources like solar and wind to be collected for around-the-clock use—and strengthened incentives for solar manufacturers are two notable highlights.
What does that mean for you? A few things: First, the practical possibilities for solar and other renewables are certain to expand moving forward, and it’ll probably happen fast. The incentives for new developments in the renewable energy sector have never been stronger. Second, you can expect to see increased opportunities for cost savings. As our domestic clean energy industry grows, technologies will become less expensive and more efficient. Win-win.
For years, renewable energy has been the right decision for your budget and the planet. Now, high-level policy support makes it an even smarter choice. Getting started with a solar energy solution now means you’ll be properly equipped to adopt more money-saving technologies in the future.
Solar energy can help you avoid expensive power outages
Winter storms in Texas, record heat in California, high winds in the Midwest—unfortunately, regions all across the country are encountering severe weather events that threaten to curtail energy access at normal levels.
In addition to creating a dangerous and scary situation in the moment, the loss of power can be tremendously costly. Lost business, damaged goods, and other consequential effects often end up taking a real toll on a company’s financials. In addition to being a good safety measure, proactively guarding against power outages is a smart business decision.
Renewable energy sources bring power generation closer to home. Instead of relying on a nationwide network of wires that’ll have you fighting thousands (if not millions) of other customers for limited resources during a major power outage, you’ll be able to rely on an energy system that can continue functioning even when it’s disconnected from the larger power grid.
Plus, there’s a major added benefit. By shifting to solar energy, you’ll be doing your part to accelerate America’s transition toward renewable energy and aid in preventing future climate-driven energy events. It’s the right thing to do for the earth and a great way to give your business a PR boost.
Accessing more cost-effective energy solutions
With Catalyst Power’s Connected Microgrid solutions, you can immediately tap into all of the bottom-line benefits we just discussed. A Connected Microgrid brings solar power generation right to your property through a solar array installed on site, locking in fixed low costs for the duration of your commitment and providing relief on your monthly energy spending as soon as the system is up and running.
If we haven’t made it clear already, helping you operate a more cost-effective business is something we take really seriously! In fact, immediate cost savings, budget certainty, and protection against outages are three of the key components we focus on delivering to all of our customers through Connected Microgrid technologies and other solar energy solutions. We’re here to help you be more efficient through the power of renewables.
And there’s one more piece of very good news: You don’t have to make any big investments in order to access all of these cost-saving benefits. Your Connected Microgrid will be installed and maintained by Catalyst Power at no cost to you.
Increased cost effectiveness with no new financial obligations—what could be better? That’s where a solar-powered future can take you.
