Small Business Practices: How You Can Benefit From Renewable Energy

Owning and managing a small business means that you are in charge of the expenses and budgets. Ultimately, when it comes to business profitability, it is all down to you. In today’s world, people are becoming more eco-conscious, and many companies are incorporating environmentally-friendly values with business decisions. Embrace the eco-friendly drive and make the switch to renewable energy. Not only is it better for the environment, but many consumers are seeking out businesses who share their value for sustainability. So whether you own a small business or run a large corporation, lighten your carbon footprint by swapping to renewable resources for your business.

Sustainable Business: How to Make your Business More Eco-Friendly

Fossil Fuels

Burning fossil fuel is the traditional way to create energy. Fossil fuels, such as oil, coal, and gas, were all formed from the fossilized remains of ancient plants and animals that existed millions of years ago. Fossil fuels have a high carbon content, they burn well, and they create a lot of energy. For example, electricity is generated using fossil fuels. However, using fossil fuels is not sustainable as they are non-renewable resources. Studies show that fossil fuels will deplete within a few decades.

Renewable Energy

Although fossil fuels are the traditional energy source, there are many renewable alternatives that are more sustainable. The following alternatives are efficient ways to create energy. In addition, the energy produced using the methods below can be used and replaced within a short space of time, unlike fossil fuels.

Solar Power

Experts say that the sun will burn for approximately 5 billion years. This makes solar power an abundant resource. In fact, solar power is one of the leading sources of energy, and it produces very little carbon dioxide (CO2) emissions. Using solar power is more environmentally friendly than using fossil fuels for energy. Fossil fuels release CO2 when burned, and these emissions are linked to global warming and climate change.

How to Use Solar Power

Solar power can be used to create solar energy via solar panel technology. When sunlight hits photo-reactive materials, solar energy is created. For example, the photovoltaic (PV) cells in solar panels capture the photons in sunlight and convert them into direct current. The direct current is then converted into an electrical current which can be used as electricity to give power to buildings.

Solar panels are often installed on South-facing roofs that are made of a strong material such as concrete tiles, asphalt, and metal. The roof should be in good condition, and so repairs and maintenance should be undertaken before solar panels are installed. Custom Solar and Leisure is a solar company based in Tucson. This solar company comprises specialist consultants and experts who provide high-quality solar panel installations and professional service.

Why Use Solar Power

There are many reasons why businesses choose to adopt solar panel systems. The benefits of using solar panels include lower electricity costs, a positive environmental impact, and a fantastic return on investment. Solar panel installation can cost a fair bit depending on the location of your business and the size of the panels. However, with a lifespan of around 25 to 35 years, it can take just a matter of years for the panels to pay for themselves. Not to mention the additional profits you can gain from net metering and the government incentives. Some businesses can gain additional profits by selling excess energy to their utility company if their system produces too much solar energy. The Solar Investment Tax Credit (ITC), a federal incentive program, rewards businesses a 26 percent credit when they switch over to solar panels.

Other Types of Renewable Energy

Although solar power is an abundant source of energy, there are other types of renewable energy that businesses can take advantage of. These include geothermal, hydropower, bioenergy, and wind power.

Geothermal

A geothermal HVAC system features pumps that connect with the constant earth temperature for heating, cooling, and ventilation (HVAC). The earth retains a temperature that is steady. As a result, it is cooler than the air during the summer and warmer in the winter. They operate like conventional heating and refrigeration systems but can save you money due to the lower amount of energy consumed. If you are after a new HVAC system for your business, opt for a geothermal model. Although the upfront cost of installation can be pricey, you may find a tax break if you do your research.

Hydropower

Hydropower renewable energy describes the process where electricity is generated from flowing water as it travels through a water wheel or turbine. Although they are site-specific, they can provide a reliable source of energy.

Bioenergy

Bioenergy covers the burning and fermenting of organic material such as wood pellets and straw, with a combination of heat and power plants. Biomass, or biofuel, is unique in that it can be directly converted into liquid fuels. Two common substances are ethanol and biodiesel, and they are the most common out of the biofuels. Ethanol is produced using a fermentation brewing beer, while biodiesel is made from oils and alcohol.

Wind Power

Wind energy is created using turbines on a tower. They are generally 100 feet above the ground and use huge blades to catch energy. They are shaped like windmills, and the blades replicate the roles of an airplane wing. If you are interested in purchasing wind energy, you can do so from local wind farms.

Positive Aspects of Renewable Energy

When it comes to renewable energy, there are many positive aspects. They can help our business achieve a lower energy bill and can help you reduce your carbon footprint. In addition, renewable energy is sustainable, and the prices remain the same, unlike with regular energy.

Investing in renewable energy can also be a major draw if you relocate your business to a different place or if you decide to sell it altogether. You can advertise the property accordingly and highlight the renewable energy within the building. Potential buyers will not have to go through the whole installation process themselves and can take advantage of the power energy costs immediately.

FG Editorial Team
The Founder's Guide Team - Asian Associates with dynamic elements out to make a change.Thank you for visiting our site! If you do have any questions or inquiry, feel free to contact us through our links and please don't forget to follow our social media accounts. It would be our pleasure to help you in any way we can. Always Remember: "Proceed to Succeed". Hoping to hear from you soon!

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