To say that small businesses play a special role in our economy is an understatement.
Indeed, they account for around 44% of gross domestic product in the U.S and have created about 61% of net new jobs in the country since 1995.
We know the amount of effort and dedication it takes to build an organization from the ground up and help it flourish. We’re a small business too so we understand!
That is why we work to support other companies in making smarter financial choices so they can continue to thrive and be more sustainable.
That’s why in this article, we’ll explore the various services we offer at Finray and how these can help your business over the long run.
Community Solar
Community solar is a solar program that facilitates access to solar energy for any individual or business. It’s a good energy alternative given that for some organizations, rooftop solar is just not an option. This is true especially if they don’t own their building or the cost of installing solar panels is not one that they’re comfortable taking on at the moment.
If that’s the case, subscribing to a community solar farm is the next best thing as it means you won’t have to wait before reaping the benefits of solar energy. It works like this: thanks to their subscription, subscribers get access to a portion of the solar energy generated by the solar farm. They later receive a bill credit of 10-20% that they can apply to their electric bill to save money every month.
Here at Finray, we leverage our strategic partnerships with solar developers to bridge the gap between business owners and clean energy so they can easily power their day-to-day operations while saving money and helping the planet.
You can learn more about community solar here.
Rooftop Solar
A rooftop solar system is made up of a system of photovoltaic solar panels placed on the roof of a house or business, that generates electricity for your building. Rooftop is a pretty good deal since generating your own energy from installed panels on your roof reduces your independence on non-renewable grid energy and thus, your carbon emissions. It also helps you save on your electric bills as you will no longer be vulnerable to rate hikes and unpredictable energy prices.
If you feel that rooftop is the best option for your business, our process to get you set up is simple. First, there is a discovery call and initial consultation with our rooftop team where some basic information is collected about your roof and your energy usage. Our team will then provide you with a proposal and conduct a site survey of your roof. They will also work with you to determine which solar incentives you may qualify for to make your installation as affordable and hassle-free as possible. Finally, the qualified solar installers and technicians we partner with help ensure your solar system is safely installed, compliant and operating properly to serve your energy needs.
You can learn more about our rooftop program here.
Business-to-Business Advising
With high-inflation driven costs and the rapid growth of artificial intelligence, it is crucial for businesses to learn how to best optimize their spending and cut out unnecessary costs so they can better reinvest in the growth of the business.
This is where our new division, Finray Business Advisors, comes in. This service works with small and medium sized businesses to help them find the right strategies to save on their daily business expenses. For instance, our team helps them compare internet prices to find providers with the right balance of speed and cost. Additionally, they can help analyze usage patterns to recommend the most cost-effective wireless plans for.
82% of small businesses failures had cash flow problems to blame. So it goes without saying but reducing costs is vital for any business. When a business incurs less expenses, their net income is boosted and they retain capital. These funds can then be reinvested into efforts to further develop the business for example, new and improved marketing efforts, professional development for staff and digital transformation initiatives to optimize processes and boost competitiveness.
You can learn more about Finray Business Advisors here.
Electric Rate Reductions
With the fast expansion of AI data centers, an outdated grid in dire need of maintenance and outside political and economic forces at play, electricity rates are more unpredictable than ever. At this point, it’s not even a surprise to receive an exorbitantly high bill in the mail every month!
Finray’s partnership with Arbor, a free service that helps lower electric rates, tackles this problem specifically and helps businesses acquire lower electric rates for their energy needs. The process is simple. First customers’ purchasing power data is aggregated by Arbor. The platform then uses that data to pinpoint the best electric rate for your company.
By using this service, you could save up to $300 on electricity every year which will help you run your business more sustainably over the long term.
You can learn more about Arbor here.
If you’d like to learn how we can help you save on business expenses, check out our new division, Finray Business Advisors, and let’s connect!