The rising energy cost is beginning to put a strain on businesses of all sizes across the UK, particularly those classified as small and medium. As businesses face more expenditures and their old fixed tariff contracts end, this situation will likely worsen considerably. The going is especially rough for companies that have already been forced to contend with the economic unpredictability of both Brexit and the COVID-19 pandemic. The most in danger are small and medium-sized businesses (SMEs), as many would be left with little other option than to pass expenses on to their customers, which will further increase the push for inflation.
Solar panels designed for commercial use have the potential to benefit your firm significantly. Solar energy may be an option for your company if you search for a more energy-efficient solution to decrease your business energy bills or if you want to be more sustainable to draw clients away from un environmentally friendly businesses.
However, before choosing solar power, you must ensure that this form of renewable energy is the most suitable alternative for your needs. After all, how can you be sure that this would be the most beneficial investment for your company over the long term?
Is Solar Energy Reliable Enough for Businesses?
Solar power has the potential to be one of the most dependable sources of natural energy that you can tap into to supply your business with electricity. Although it will depend on its position and the amount of sunshine your building generally receives, it is still a terrific source of energy that is more environmentally friendly. This is something that you should keep in mind.
Solar power is at its peak efficiency during the summer, when the days are at their longest, and there is typically a great deal more sun available to create electricity. This makes perfect sense.
The Commercial Benefits of Solar Energy
Businesses that invest in commercial solar panels and install them reap major financial and environmental benefits from their actions. These benefits include:
- Electricity all year round
- Increase the market value of your property
- Reduce your carbon footprint
- Earn money from excess energy you generate
The typical solar panel system for a commercial building will supply free electricity for over 25 years, provide you with financial returns of up to 20% per year, and pay back installation costs in about five years.
The Cost of Commercial Solar Panels
Because of technological advancements, the price of solar panels has dropped substantially over the last decade. Before installing a solar panel system, you must carefully evaluate several important elements, including the dimensions of your roof, the amount of power the panels are capable of generating, and the number of panels that will be required.
Take Away
As a company owner, if you’ve noticed that your energy prices are escalating out of control, you should consider the possibility that installing solar panels could help you lower your monthly bills. A solar business system can cut your power bills, make your day-to-day operations more effective, provide tax relief, and increase the possibility for additional income, all while reducing the size of your company’s carbon footprint.