For most businesses, the ultimate measure of success is profitability. In order to achieve their optimal profit goals, businesses need to carefully manage their expenses while ensuring keeping their prices attractive for their customers. It’s a careful balancing act that requires a high degree of business expertise.
One of the critical factors that affects the profitability of a business is operational expenses — costs in carrying out an organization's day-to-day activities. For many businesses, the biggest overhead expense is their electric utility bill. This isn’t going to change. Energy is getting more expensive every year!
In fact, most businesses will see a 10% increase in their energy bills this year due to time-of-use rate changes.
Energy costs are not going to get any lower — in fact, they have already started going up. On top of that, businesses are facing higher payroll costs coupled with additional expenses. It’s time to look for ways to offset and take control of these rising operation costs.
Does your business deal with the following issues?
In order to remain profitable, businesses need to look for a solution that helps them lower their operational costs, so they can maintain level prices for their customers.
Lowering payroll costs and overhead costs is not always possible. However, there is something you can do about that rising electricity bill: install solar with battery storage!
Running air conditioners, lights, refrigeration, and computers are all integral parts of most businesses — they simply can’t function without them. Unfortunately, not using them in order to lower energy usage to lower costs is not an option.
By installing commercial solar on their roofs, businesses can begin to produce their own energy. This is a great start to reducing your energy bill. In fact, our proprietary system design enables us to install as many as 30% more modules on your roof than other companies, which increases your overall solar energy production by 30%.
But that’s not enough to minimize your utility bill. In order to really see the savings on operational costs, businesses need solar with battery storage.
With a battery energy storage system, businesses can not only produce their own energy, they can store their excess energy for later use to maximize savings.
If your business installs commercial solar without solar battery storage, the excess energy you produce is lost to the grid.
Solar modules produce the most energy during sunny daylight hours, usually between 11am and 3pm. The problem is, many businesses use more energy during evening hours.
With solar battery storage, you can store the extra energy you produce during the day and use it in the evening when energy costs are higher. It can also be stored, credited and used during the summer months when air conditioning usage and the summer cost is highest.
Here’s exactly how solar energy storage works:
Sometimes, you need to see it to believe it. The Mary Pickford theater partnered with Aeterna Energy to design and install a commercial solar and battery system on their roof.
Within the first year, Aeterna Energy lowered the theater’s annual utility expenses by $179,307. Financial modeling shows that in 21 years, this business will have saved almost $5 million in energy costs—operational expenses that the business was able to pocket and increase their bottom-line profits.
This business was dealing with looming higher operational expenses due to:
In order to remain profitable and competitive, the Mary Pickford Theater installed solar with battery storage to produce their own energy and store it for later use under their control.
The best way to understand how a battery energy storage system can lower your operational expenses is to conduct a Commercial Energy Analysis with Aeterna Energy.
We’ll carefully assess your energy consumption, building structure, electrical panels, and other information to determine how much you can save by installing commercial solar with battery storage in your business.
The solar and energy storage unit Aeterna installed for the Mary Pickford Theater is the first of its kind in the country.Keep Reading