Is the overhead for your retail store eating into your profit margins? Do you own the building your store is in outright and have the ability to make any additions or adjustments to the property that you like? If so, one option you might want to look into would be to start using solar panels to get power for your store. Here's why solar panels might be a good fit for your retail business.
Your Roof May Provide Easy Installation
To install solar panels, you will of course need an open space with enough room to put the panels in place. Not all office buildings might be the right fit for this setup but many retail stores have a large and flat roof. If yours fits this description, it should be easy to find the space to put your new solar panels in place and start using them sooner rather than later.
Lower Electricity Costs Means Less Overhead
Your profit and expense report might note the difference between what you paid for the item and how much profit you sold it for but you likely know that retail stores have a variety of other expenses that can eat into that margin. Those other expenses, like your electric bill, are typically known as overhead. Once you are powering most of your building with solar energy, your electricity costs and overhead will come down and you will be able to preserve more of the profits you are making on each item you sell.
The Power Stays on During a Local Outage
Have you ever had a packed store right when the power went out due to a storm or a blackout in the local area? This might have caused you to lose some business as people left the store without buying anything and it might have even posed a risk for injury or theft once the store went dark with people still inside. But when you power your lights with your own solar energy, you are self-sufficient and can keep the doors open and the lights on even if the business next door has gone dark.
Win Points With Local Consumers
Many businesses today are doing whatever they can to reduce their environmental footprint. If you install solar panels, they may be visible from the curb to anyone walking into the building. If not, you could even publicly announce that you are now using solar energy as a way to build up some good will in the local community. Some local governments and communities are looking to reward or give business to companies who put the environment first and a switch to solar energy could pay off in the long run for your company.
Contact a local solar panel service to learn more.
