Do Supermarkets need Solar Systems?
Grocery Stores Owners’ and Investors’ never needed a reason to convince them of the need to lower their daily operating costs. To start, running multiple refrigerators, freezers, air conditions and, 24 hours a day lighting inside and outside can add thousands of dollars each month to their operating costs, further decreasing their ever-narrow profit margins.
Second, with the especially incredibly outrageous ever rising electricity cost, and the unchallenged Utility Operators practice of increasing their rates in an average of 2.5% – 3.5% annually while new fees being added frequently, including the trend to switch all utilities’ business customers to Time-of-Use (TOU) rate schedule; which will, most likely, lead to an even higher energy bills! All the above, made Grocery Stores owners and operators search for ways to break this vicious cycle all but imperative!
Supermarkets New Business Opportunity
Electric Vehicles are, no doubt, the new trend of future transportation. With their ever-increasing numbers on our roads and highways; the need for convenient sites for EV charging stations has never been challenged, hence creating a great opportunity for supermarkets’ owners to add such a, much needed, new positive profitgenerating center to their portfolio. Adding EV charging stations to supermarkets complexes will attract more electric vehicles owners to shop there as they can Charge-N-Shop at the same time, a perfect win-win scenario for both customers and operators!
Supermarkets Solar Systems Best Design
The best Grocery Stores Solar Systems design should offer the ability to be upgradable to more efficient solar modules without replacing the entire system. This extends the life of the system, and “future-proofs” the investment, as researchers continue to reach new efficiencies in solar cells.
Promising Green Technologies
Multiple Green technologies can be implemented in supermarkets to even provide more savings including:
Battery Backup Systems reduce Demand-Charges and supply backup power at times of emergency
Battery Back Up
EV Charging Stations add value to your business, attract new customers and, generate positive income
A business can save up to 90% off its lighting expenses when converting to LED optimized by lighting Controls
A bag of Free Gold for being Green!
With all the obvious benefits and savings that come with installing solar systems at supermarkets and grocery stores; federal, state, local & utility incentives and rebates made it an even much easier and smarter decision to make.
These credits and rebates can cut the actual cost down by at least half or more, resulting in a higher ROI ratio and a very short payback period. As a matter of fact, a supermarket solar system can pay for itself in just a few years, after that, it’s a pure profit center for the owners and operators!
A generous Dollar-for- Dollar 26% Federal Tax Credit through Investment Tax Credit Act (ITC), of the TOTAL cost of the Solar System Installation
A 21% Tax benefits resulting from Article 73 of Tax Code allowing 100% depreciation of the TOTAL cost of the System Installation in ONE fiscal year.
An 8% California MARCS tax benefit of the TOTAL cost of the Solar System installation.
Total Credits and Rebates is 55% of the Entire cost of the Solar System installation, Plus, various Utility and Local incentives.
A Great Value and a Smart Business Investment
A Year-after-Year whopping 25% ROI can be realized when above various incentives are applied to reduce the total cost of Supermarkets’ Solar Systems installation, a music to the ears of supermarkets operators and Investors!