Green Energy for Businesses: Benefits of Commercial Solar Installation

Commercial solar panels can be beneficial regardless of whether your company is large or small. Most businesses are active in the daytime, which means they are the perfect candidates for utilising solar panels and enjoying the cost savings that come with them.

Commercial solar panel installation can bring many benefits:

• Over the 25-year lifetime of solar panels, savings can equate to thousands of pounds. A 20kW system can potentially save businesses over £3,000 annually on their electricity bills.

• Solar panels allow for energy independence and some level of insulation from fluctuating electricity prices. They can also be handy as a backup when there is a power outage, especially if you have a solar battery.

• If you operate industrial solar panels, you can sell excess energy to utility companies for a profit.

• By switching to commercial solar panels for your business, you are also lowering your carbon footprint along with the operating costs.

• Solar energy is also renewable and carbon neutral, which could improve your reputation. Switching would indicate your business’s commitment to green and sustainable practices and energy conservation.

There are many advantages of solar energy, such as cost, efficiency, and income potential. 3 key advantages of using solar panels for your business are:

• Reduced Utility Costs

Energy from commercial solar PV panels will cost a fraction of what you were paying to receive from a utility company. While saving only a few pence per kWh sounds small, it adds up quickly.

Additionally, the average solar panel maintenance cost in the UK is relatively low. Therefore, you can enjoy reduced overall expenses for your electricity consumption.

• Efficient Energy Production

Commercial solar panels can make your day-to-day operations more efficient. Standard solar panel efficiency levels are 15-20%, but they can reach 42% in some cases.

Commercial rooftop solar panels are not all created from the same material and therefore have different efficiency ratings.

• Tax Relief and Additional Income Potential

Businesses have to pay VAT on installs, but you could claim it back if you’re VAT registered.

As some suppliers are offering rates similar to the Feed in Tariff (FiT) from 2019, you still have the potential to passively earn hundreds of pounds with your solar panel investment each year. In addition, tax reliefs can make investing in a photovoltaic system even more attractive.

For more information about commercial solar and any available grants, from a local indpendent company with over 15 years experience in renewable energy, get in touch.