Why Are So Many Car Dealers Embracing Solar Power?

by Dec 3, 2019Commercial Solar Power, EV Charging Stations, Solar Tax Incentives

Solar panel arrays are popping up on the rooftops of more and more car dealerships, factories, and warehouses across the nation. What’s behind this quick rise in solar power use by the auto industry? As it turns out, lots of incentives! Auto dealers are in the business of making money, and they’ve realized how much money they can save by powering their buildings with the sun. Kosmos Solar installs commercial solar panels and other renewable energy solutions, so if you want your business to make the switch to solar, call us today! We serve homes and businesses across the Dallas-Fort Worth Metroplex and San Antonio.

An increasing number of US car dealers are investing in solar energy systems to power their operations and save money by generating their own energy and taking advantage of solar tax incentives. There are many ways an auto dealer can save money and generate more revenue with solar power. Let’s take a look at some of the top reasons so many car dealers are going green.

The Savings are Substantial

Car dealerships use a lot of energy, and those bills really add up over the life of the business. By investing in roof-mounted solar panel arrays, these businesses are savings millions in the long term and watching the systems pay for themselves in just a few years. One example, the Luther Auto Group in Minnesota, projects a savings of more than $2 million across its Midwestern dealerships over the next 25 years. That’s amazing, and Kosmos Solar makes it easier than ever to make the switch to solar power.

Reputation is Important

We live in a time where customer engagement is possible with the tap of a screen, and consumers keep a steady eye on the practices of the businesses they buy from. Embracing green energy is a good way to show your customer base that you take the environmental crisis seriously and want to do your part to reduce your company’s carbon footprint. You can make a statement by sharing the good news about your switch to solar power on social media and your corporate blog.

Commercial Tax Incentives are Ongoing

Those who took advantage of the federal Investment Tax Credit (ITC) in 2019 got to deduct 30% from the cost of their solar panel installation. This benefit will drop to 26% in 2020, 22% in 2021, and just 10% from 2022 onward. Note that while the incentive ends for residential customers in 2022, there is no end in sight for commercial buildings. We strongly urge you to get your solar panels installed while the incentive is still high!

Electric Vehicles are Coming

Between the Corvette Genovation GXE, the Aspark OWL concept car, and Tesla’s upcoming 2020 Roadster, electric vehicles are becoming cooler and tapping into a wider market than ever before. Bloomberg predicts the global value of the electric vehicle market to reach $548 million by 2040, with 32% of all passenger vehicles running on electricity. By installing solar-powered EV charging stations at your dealership, you give customers and employees a convenient way to recharge their rides while they wait for service or perform their jobs. We install EV charging systems and the solar panels to power them. Just give us a call, and Kosmos will bring your business into the 21st Century with modern, renewable energy.

Kosmos Solar: Commercial Solar Power Solutions in DFW

Ready to make the switch to solar but not sure where to begin? Call Kosmo Solar today to talk about commercial installations and finance options, or to schedule a solar power evaluation for your commercial building. We are solar power advocates who love answering questions, and we look forward to helping your business run on renewable energy. We proudly serve the Dallas, Fort Worth, and San Antonio areas.