10/11/2024
The Future of Solar
While we struggle with the idea of leaving fossil fuels behind, renewable energy keeps making strides forward. It is tedious to feel comfortable in a world where traditional fossil fuels are no longer the primary source for heating, cooling, and transportation but the world is truly moving in that direction. It is a comfortable feeling of tradition and familiarity which we need to reassess; no different than weaning off of floppy disks and adopting USB drives.
Technological advances occur in all industry sectors, but not all come with such significant financial incentives. As governmental regulations increase in relation to corporate emissions, it is best to get ahead of the competition and transition to cleaner energy while you can choose to before you have to.
It is estimated by 2050, 1/4 of the global energy requirements will be provided by solar. This will be only second to wind power. Implementations must increase 18x to meet the demand. Not only will it impact business, but this will require home construction to finally take renewable energy into account instead of addressing it later as an afterthought.
What makes it difficult is we, as humans are predisposed to stick with a lesser-valued option. This is known as the "sunk cost fallacy". Simply put, it refers to the sense of familiarity and perceived investment of time, emotion, and money as the rationale for sticking with the older and, almost always, worse option. With grid energy, it can be perceived that since you have already spent so much with traditional power it could be too late. This thought process can be extinguished
Operating your business on fossil fuels can also lead to long-term high-level expenditures. Not only are energy bills monthly and recurring but sticking with the power company leaves you subject to consistent and frequent rate changes. There are alternatives to the utility company that are not solely solar power, consider other power options in our energy provider breakdown.
In the U.S. hurricanes have been running rampant, but extreme weather circumstances have been proven to be linked with emissions. Fossil fuels directly impact the climate and temperature levels, as witnessed with another hottest summer on record. With growing heat, the severity and frequency of extreme weather events increase. Despite large companies knowing about the correlation between fossil fuel and eco-pollution they continue to operate in harmful ways. This is why our government has recently added new regulations and incentives to steer away from traditional power sources and move toward renewable energy.
Not only do fossil fuels appear to be a costly solution for powering businesses but it also harms the environment. Despite most business owners caring about an improved bottom line opposed to ecological preservation, solar proves to be a multi-benefiting power source. Take into consideration the substantial economic incentives that clean energy can bring to your business. Discover eight different ways you can build your own ROI with solar power.
Our Smart Impact
Smart Roofs walks each of our partners through the process in order to help you keep money in your pockets. Our renewable offerings include commercial solar system design, rooftop & ground mount solar PV, carports, EV chargers, batteries, solar farms, and more. Reach out for a business energy audit and find out how much you can save by transitioning away from traditional energy sources
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