Interested In A Commercial Solar Energy System?
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A solar energy system is one of the best investments a business owner can make saving the business money on energy bills, earning money on exporting excess power to the grid, tax efficiency and company image.
How Does Solar Energy Benefit My Business?
Reducing Energy Costs
Generating your own solar power saves money on energy electricity bills. Plus being behind the meter solar power has no additional grid supplier costs - CCL, demand charges speeding up the solar ROI period. Pairing with a solar battery offers the potential for further savings.
Competitive Advantage
Not only are you fixing low energy prices and protecting the business against energy market uncertainty, solar energy improves business image and helps build relationships with customers and suppliers.
Additional Income
Solar power also offers the opportunity to earn extra income from exporting the power to the grid from the excess energy not being used in the business.
Known Long Term Energy Costs
Investing in solar power means the business pre-purchases long term electricity at a fixed price making forecasting future energy costs easy. After the solar energy installation has paid for itself the electricity is virtually free.
Protecting The Environment
Unlike fossil fuel powered electricity, generating your own solar energy has little ongoing environmental impact both for the atmosphere and surrounding environment.
Receive A Healthy ROI
A long term investment of 25+ years that typically returns the initial investment in 5 - 8 years with very low cost electricity thereafter, giving an ROI on investment of up to 400%.
Solar energy has become the fastest growing energy source worldwide as businesses look to reduce their ever growing energy costs and protect themselves from the uncertain fluctuating energy markets. With prices of solar energy systems falling to their lowest point ever, solar energy has become one of the most cost effective investments a business can make to protect their future.
Financial Benefits Of Solar Panels
One of the main reasons, if not the primary reason for many, for moving to solar is the straight forward reduction in energy costs. Solar power has an equivalent energy price of less than a third of grid delivered energy with a price you set when you install the system, with long term stable, secure and fixed price energy – over 25 years.
Once the installation cost have been paid off, typically 5 – 8 years for commercial systems, the majority of the power is very low cost. Alternatively you can spread the cost out over longer periods with a PPA (Power Purchase Agreements). This very low cost energy gives the business an advantage over grid reliant competitors who are at the mercy of geo-political events varying the electricity price.
Find out about the financial benefits – How Does Solar Energy Save Me Money? and Protecting Against Energy Price Increases.
Environmental Benefits
The other primary reason for installing solar energy at home and in businesses is the environmental benefits. We are all aware of the human effects on the climate, but that is only part of the story. Continuing to burn fuel for energy also adds to the surrounding environmental issues with pollutants entering the water system and food chain affecting all life including humans. Then there is the unnecessary additional environmental effects of moving the fuel to be used, also pushing up prices to businesses as well as consumers.
Solar panels enormously reduce this, being zero emission generation, having very little effect on the surrounding environment and generating energy for use locally cutting the demand for heavy infrastructure to move the energy around.
Using Battery Storage To Gain Faster Returns
Businesses and other organisations benefit from using the solar energy generated when they are most active in the day, but many systems do not make best use of the energy. On many days at peak production time the panels generate excess energy that the business cannot use effectively so end up selling that energy to the grid for a much lower price than it costs to import it from the grid.
This is where batteries are an ideal solution, with the ability to store that excess energy that was being sold for very little and time shift it to lower generation times – early morning, late afternoon and evenings. In months of low generation, batteries can be used in another way to save money – read more here.
Batteries also give the organisation resiliency against power interruptions.
Making Best Use Of The Solar Power
The best use solar power is to use it yourself behind the meter and not have to import electricity. As the energy transition progresses and more electric vehicles (EVs) come onto the roads, an ideal use of the power is to charge fleet vehicles and employee vehicles. With solar power the charging is virtually free once the installation is paid off and charging EVs accelerates this process. Not only saving business electricity costs, also reducing fuel costs and allowances too.
Most car parks are also open empty spaces ideal for to generate solar power. Combining the two, solar power in car park canopies with users just below is an great combination of to use the space and provide instant benefit at the same time. See EV Charging & Solar Carports \ Canopies.
Financing Solar Panels / Solar Energy Systems
While many businesses and organisations finance a solar energy system themselves, their may be other commitments for the money so financing for solar systems is available. Along with the standard simple loans, asset finance and hire purchase agreements, there are other options too like Power Purchase Agreements (PPAs).
As solar energy systems are individually tailored, finance too is tailored to your system and requirements whether you are a business or community solar installation.
See Commercial Solar Energy Finance for more details.
