With Energy Prices Climbing, Solar Offers a Long-Term Solution
Businesses are navigating increasing utility expenses driven by rising energy demand and soaring capacity charges. These cost pressures are making long-term energy planning more challenging than ever. That’s where solar energy—and its built-in price stability—comes in.
What Is the Levelized Cost of Energy (LCOE)?
The Levelized Cost of Energy (LCOE) is a critical metric used to compare different electricity generation options. It represents the average cost per kilowatt-hour (kWh) of electricity over the life of an energy system, factoring in installation, maintenance, and operational costs.
Unlike grid-supplied electricity, which is vulnerable to market volatility, solar energy systems provide businesses with a fixed, predictable cost over 25+ years.
Today’s newly installed commercial systems are achieving LCOEs of just 2¢–2.5¢ per kWh—a fraction of current utility supply rates. That means solar isn’t just sustainable—it’s smart economics.
Why Solar LCOE Matters to Your Business
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Budget Stability: Avoid unpredictable utility rate hikes
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Cost Control: Budget for electricity costs long-term
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Risk Mitigation: Reduce exposure to energy market price fluctuations
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Competitive Advantage: Reinvest energy savings back into operations
Our analysis shows that even as wholesale energy prices and capacity rates rise across the grid, solar continues to outperform traditional electricity from a cost perspective. For many commercial facilities, the math is clear—solar makes sense.
How Viridi Helps
At Viridi, we specialize in helping businesses:
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Assess feasibility for their building or campus and design system
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Navigate and secure available incentives and tax credits
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Ensure energy procurement strategy maximizes project ROI
- Assist with selling Renewable Energy Certificates (RECs) generated from the array if the client wishes to generate additional revenue and not claim the renewable attributes of the system
Take Control of Your Energy Future
Rising energy costs don’t have to dictate your bottom line. By investing in solar, your business can achieve long-term cost savings, energy independence, and sustainability goals.
Ready to Explore Solar?
Contact us to schedule a free consultation.
