Ventura businesses should look to solar before costs rise again

In Ventura, where electricity costs have surged by an astounding 45.9% in just three years, local businesses are grappling with the impact on their operational expenses.

Upon his election as Speaker, Mike Johnson wasted no time and swiftly introduced a bill aimed at reshaping climate-related funding within the Inflation Reduction Act. This legislative move holds significant implications, especially concerning the future of the 30% investment tax credit for solar initiatives (40% in many parts of California, including Ventura).

For Ventura businesses, the adoption of solar power isn't merely a prudent choice anymore; it's evolving into a necessity for cost control and predictability. Transitioning to solar energy can potentially reduce electricity bills by up to 80%, fundamentally altering their energy expenditure and reclaiming a competitive edge, or at least eating into a current competitive disadvantage.

With existing incentives still available, the opportune moment for action has arrived. Solar energy means immediate energy cost savings and provides some energy independence, as utilities looks to increase rates like never before and DC begins to embroil clean energy tax credits in political point scoring in 2024.

As utility costs continue to rise, solar expenses remain at historic lows, and the looming threat to critical subsidies in 2024 looms large. There has never been a more pivotal moment for Ventura businesses to explore the benefits of powering their operations with solar energy.