Solar is a smart investment. Businesses are turning to solar because it’s good for their bottom line.
According to the U.S. Energy Information Administration (EIA), the cost of energy for commercial users has increased over 20% in the past decade alone. Over the same time frame the cost of Solar, also known as Photovoltaic (PV) Systems, has dropped by more than 60% becoming more affordable than ever.
To be clear, there are two main reasons why solar is profitable:
1.) STABLE POWER PRICES.
Traditional electricity costs continue to rise while renewable energy costs are relatively fixed providing stable power prices for decades to come.
2.) LOW SOLAR ENERGY COSTS.
With the advancements in solar technology, It is now cheaper to buy energy from a solar farm than it is to buy energy from a traditional power provider like Edison.
The formula is simple, Low Solar Energy Costs + Stable Power Prices will continue to attract big business and various energy users.
Ultimately, solar will continue to attract users and remain profitable.
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