Benefits of Solar Energy

With the help of generous tax incentives, solar energy can dramatically reduce operating costs for your business while helping you tap into environmental branding and marketing opportunities.

Expensive oil means expensive electricity

Our state’s electric rates are by far the nation’s highest and have been rising rapidly. Because nearly 80 percent of Hawaii’s grid power is produced by burning petroleum, expensive oil means expensive electricity. Solar power lets businesses like yours get a grip on operating costs and lock in power expenses at affordable levels.

In Hawaii, Solar power has a 3-year ROI

At today’s electricity rates, and with current incentives, a $1,000,000 investment in a solar photovoltaic system will pay for itself in about 3 years on Oahu. Return on investment is even faster on the neighbor islands because of their higher electricity rates.

Hedge against rising electric rates

Imagine how much you could save by eliminating your electric bill. At Hawaii’s utility rates, these savings could be substantial. In a world of uncertainty about the future of oil and hence the future price of Hawaii’s grid power, solar offers businesses the opportunity to de-link your energy costs from global energy price trends, which are tied to a variety of factors that have no inherent link to the Hawaii business environment. The value of this hedge against global energy prices is one of the most important benefits of solar power. Eliminating your energy cost also  adds directly to your bottom line, and we can all appreciate that. 

Be among Hawaii's most progressive companies

In addition to cost savings, solar power offers "green" branding and marketing opportunities. Current cultural attitudes favor greener, lower-impact lifestyles and consumers are looking to business to take the lead. In a recent study titled Climate Change in the American Mind, “large majorities of Americans said that everyone - companies, political leaders at all levels of government, and individual citizens - should do more to reduce global warming. Likewise, despite the economic crisis, over 90 percent of Americans said that the United States should act to reduce global warming.” In addition, it cited that “85 percent of those surveyed supported tax rebates for people buying energy efficient vehicles or solar panels.” As a Sunetric customer, you can market your environmental credentials in a way that positions you among businesses leading the way for change.