Are you feeling the pinch of rising utility costs? Studies have shown that “utility prices rose 3.6% over the last 12 months, outstripping the broader inflation rate of 3.2%.” While energy efficient renovations were once considered a niche pursuit, private businesses are turning to green investments in an effort to keep more “green” in their wallets.
According to Clean Energy USA, “Businesses that install solar panels cut their energy bills by nearly 90%.”
In addition to reduced energy bills, investing in green energy incentives can yield a variety of benefits for your small business including:
- State and Federal Incentives
- Protection from Price Fluctuation
- Ability to Sell Energy Back
- Increased Reliability
- Improved Efficiency
- Improved Investor Confidence and Public Reputation
If you’re interested in financing “green” renovations for your business, we can help. From conventional loans to cost-saving bank products, our Boulder Business Bankers can help build the best funding packages for your business.
Plus, depending on the nature of your project, it may qualify for funding through a government-guaranteed SBA 7(a)* If you’re in a rural area, you may also qualify for a USDA loan.
Curious to see what clean energy incentives are available in your state? Visit the Database of State Incentives for Renewables & Efficiency.
*Loans subject to credit approval and other program requirements. Call (833) 253-2265 for details.