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Is Solar Energy Office Space Smart for Business?

Using solar energy is good for business – your business.

Spring has finally arrived in the Capital Region, and with it, more daytime hours. This is a double dose of good news for businesses that benefit from solar energy. When your business, property management company or commercial landlord invests in solar, you reap the benefits of reducing electrical usage, heating and cooling costs, and your carbon footprint. How? Solar power offsets a portion of the electricity you or your building owner purchases from the utility and, ultimately, offsets your electric bill.

We know firsthand. In 2014, The Anderson Group contracted with Rhinebeck-based Hudson Solar to install 189 solar panels on our executive suites building at 125 Wolf Road, Albany NY. The installation is projected to yield savings of $190,000 over 25 years – savings that don’t just improve our bottom line but benefit our tenants, as well. Our investment in solar is part of The Anderson Group’s multi-million dollar building upgrade program and reflects our commitment to energy efficiency.

The Anderson Group is not alone. Studies show that commercial solar installations increased by 487% in the past five years alone, and the Solar Energy Industries Association (SEIA) reports that “major U.S. corporations, including Walmart, IKEA and Macy’s, are going solar at an incredible rate.”

How does our “going solar” benefit your business? There are two big advantages.

Going Green Saves Green

Buildings that take advantage of solar energy typically achieve 15 to 25 percent in after-tax returns, equating to thousands of dollars in savings each year. And because solar panels are most effective during the day, they offset power from the grid when the utility is charging the most. As property managers utilizing solar power, we can sell the surplus electricity generated by our solar panels to the utility company, reducing our – and our tenants’ – monthly electricity bill. Use of solar power also lowers our Common Area Maintenance (CAM) costs – savings that get passed along to our tenants.

Green Will Look Good on You

Going solar makes a powerful statement to customers and current and prospective employees alike that your company cares about our community and the environment. When your business benefits from use of solar power, you send the message that you’re using clean, sustainable, cost-efficient energy to reduce fuel consumption, emissions and pollution. It can be a great public relations tool. After all, an environmentally responsible image is good for business and community relations.

solar energy office space

125 Wolf Road Executive Suites installed solar panels to save energy and cost.


To learn more about The Anderson Group’s investment in solar energy, or to inquire about available space in our solar-enhanced executive suite building at 125 Wolf Road, contact Susan Touhey at 518-458-7726 or stouhey@tagny.com.

 

 

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