For many business owners, the idea of investing in solar panels might seem like a huge expense when there are so many other priorities for the company. But if you do consider solar as an alternative to electricity, you will be in good company. Major Fortune 500 companies recognise that going solar does offer long-term financial benefits because there is a direct connection between managing the risks of climate change and the future financial well-being of the company.

Beyond the direct financial benefits of investing in solar, installing solar panels can also help protect your business against other risks: power shortages and steep electricity price increases. By installing solar, you will be able to lock in the price of your energy supply and reduce the business’s reliance on an unpredictable source of power. That makes it much easier for companies to budget and plan for the future.

Financial incentives are not the only commercial benefits solar offers a business. Others include:

Winning more customers: Many current and potential customers are attracted to businesses that are committed to sustainability. Examples abound of businesses that have won large contracts because they have invested in solar – buyers love products and services that are sun-powered! In addition, investing in a solar installation is a great opportunity to promote your organization and raise awareness of your offering in the community.

Improving employee satisfaction: Employees are increasingly looking to work for sustainability-minded companies. By demonstrating your company’s commitment to solar power, your employees will be more invested in the company’s vision and mission and thus more aligned and productive.

Supporting the local economy: When a business contracts with a solar company, workers in the local market complete the installation. By investing in solar projects, your business increases the availability of high quality, good paying jobs. Those workers could become your future customers, too.