The benefits of commercial solar panels to your business

Commercial solar panels
Daniel Hanslip

Commercial solar panels

Clean energy schemes and plans are growing in popularity and are here to stay with an increasing amount of businesses desiring a greener corporate image and wanting to benefit from the substantial financial savings to be achieved from them. Depending on the size of the system that you install, commercial solar panels can either significantly reduce or go all the way to eliminating your utility bills. By investing in solar energy, you can become self-sufficient and virtually eliminate your electric bill for at least the next 25 years.

Why commercial solar panels as opposed to alternatives?

Use of solar energy helps to decrease the amount of fossil fuels that we are using across the globe and therefore decreases the pollutants behind global warming. As a responsible business owner you can help to protect your environment using this plentiful, reliable and renewable energy source. As a benefit from reducing your CO2 emissions, you will also receive a Carbon Tax Levy exemption from introducing commercial solar panels and meeting sustainability standards.

There is a huge amount of potential in solar panels for business within the UK by monetising or “solarising” vacant and functionless roofspace with commercial solar panels. In fact, commercial roofs are where the Department of Energy and Climate Change (DECC) says it wishes to see more solar panels installed in the future.

More about the financial benefits

Fossil fuels are getting more and more expensive as they are gradually depleted, yet demands for energy continue to increase. Free energy from the sun is actually sufficient to cover global daily energy requirements 3,000 times over! By creating a renewable energy source, such as solar panels, you can help to guard your business against these rising costs, as well as in many cases even being paid for the electricity that you produce.

Guaranteed returns are provided from feed-in tariffs under the UK Renewable Energy Law when you install commercial solar panels. In addition to this solar systems have no moving parts and require minimal maintenance other than keeping them clean, so this can also help to reduce overall costs.

Exactly how much energy can be saved?

Commercial buildings can benefit from solar panel installation for both their power and heating. As you can imagine commercial buildings generally consume high levels of power with some operating up to 24 hours a day so by introducing solar panels you can realistically expect to reduce your energy bills by up to as much as 60%.

More and more energy providers are offering credits or offsets to those who use solar energy and commercial property owners are benefiting from financial savings as well as minimising environmental impact from alternative energy sources. The strong return on investment is undeniable.

Financing is available for commercial buildings

The equipment required for commercial solar panel installation has become more cost effective over the years and in addition to this you can benefit from energy efficient financing, meaning there are no upfront costs and payback periods are as little as two years.

Without financing the return on investment is more likely to be less than seven years. Energy efficient financing is available to all businesses and allows you to install panels without the need for additional budgets or increased overheads. The funding will pay for the upfront installation costs and monthly repayments are covered by the savings that you will make from your reduced energy bills.

So ultimately as a business if you want to all but eliminate your electric bills, increase the value of your property, protect the environment and take advantage of the CSR benefits to come then commercial solar panels are an intelligent consideration.