Is solar power a good Investment for your building?

Solar is making more sense on both owned and leased buildings


With low costs, the levelized cost of energy, or the average amount that you will pay for each unit of electricity that your solar system will produce over its lifetime, is between $0.06/kWh and $0.08/kWh including the federal ITC, according to an article from Building Operating Management on the FacilitiesNet website.

With the average commercial utility rate in the United States at $0.1053/kWh, a solar system will be cost effective for many locations around the country.

But cost isn’t the only reason to invest in on-site solar. Having solar on your building lets everyone know that your company is walking the talk when it comes to sustainability goals, which is hard to showcase with efficiency and off-site solar. It can also help attract and retain employees, as 90 percent of people now say they wish to work for a company with a strong green reputation.

It seems that solar projects are best suited to businesses that have higher electricity rates (greater than $0.08/kWh), own their own building, have access to capital, have corporate sustainability goals, and plan to stay in their building for the long term. However, there are actually ways to make solar work even outside of this ideal scenario.

Read the article.



October 9, 2019


Topic Area: Energy and Power


Recent Posts

Wesley Rehabilitation Center Specializes in Patients from Design to Care

Barge knew that patients were at the core of the design process.


Casa Colina Center for Disorders of Consciousness Officially Opens

New program addresses critical need for patients with severe brain injuries.


Legionella Detected at Michigan Health Facility

Case follows a similar finding of Legionnaires’ disease in a former patient.


Crystal Spring Tower Opens at Carilion Roanoke Memorial Hospital

The new cardiovascular institute improves access and care across the region.


Hospital Evacuation Highlights Importance of Emergency Preparedness

Berger Hospital was evacuated after smoke was discovered in the basement.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.