Auto dealerships use a lot of power. The lights in the dealership, the computers, the tv's and ultimately, the lights in the parking lot displaying the cars use up a lot of power. In fact, its been found that car dealerships use 18% more energy than a typical office building, so the opportunities for energy savings is enormous. That's why auto dealerships can greatly benefit from installing solar, such as is the case with the Luther Auto Group, who, in combination with LED retrofit, is projected to save over $2 million in the next 20 years.
Solar can also help with sales. As environmentalism is a growing movement in America, more and more consumers are paying attention to the environmental practices of the businesses they choose to buy from. That's why going solar for your automotive dealership can actually increase your sales, as you are showing your customers that you care about the community and environment.
Cash Purchase | PACE Financing | Power Purchase Agreement | Lease |
---|---|---|---|
One-time cost | Zero or low upfront cost | No upfront capital costs | Zero or low upfront cost |
Own the sysem hardware | You own the system hardware; system and payment stay with the property if sold | Hardware owned by third party; buyout option at end of term | Hardware owned by third party; buyout option at end of term |
Payments during installation or through low-interest loans | Long-term low rate financing paid through your property tax bill | Payments for solar-generated electricity at a predetermined rate per kWh consumed | Recurring payment for hardware lease and any remaining electricity costs |
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