by Ray Hayes

Small businesses spend more than $60 billion a year on energy bills, according to the Energy Star, of which, about 30 percent is wasted.  With so much money going towards energy it is great news to hear that solar energy is an increasingly reasonable alternative.

Since 2010, the cost to install solar panels has plunged more than 70 percent.  For businesses looking to cut costs, the alternative may be the norm, pretty soon.

While the cost is inciting, there are still risks associated with solar energy however. According to a recent article from Greenbiz.com, “Embracing solar is an act of risk management, but it also can be a risk in and of itself in terms of time, money and operational disruption. To help improve the small business appetite for solar, providers must learn to assume some risk.”

If you’re a business concerned about future energy prices, solar should be considered in the near future.