Energy has become a significant portion of the operating budget, influencing product costs, revenues, and profits. Because the cost of electricity has increased 9.1% per year since 2003 in New Jersey, many businesses have been forced to either absorb the expense or pass it along to clients. Taking into consideration that energy prices will continue to rise in the future, now is the perfect time to consider solar electricity.
In this example, a business with an electrical bill of $60,000 will spend over $4 million on electricity within 25 years.
However, if it invests in a solar energy system to supply its electricity, the business can pay off the system within 5 years and produce revenues exceeding $3.5 million within 25 years. The benefits of solar power far outweigh any reasons to receive 100% of your electricity from the utility grid.