Can commercial solar panels save you money fast?

For any business, energy bills will unequivocally have a true impact on your overall earnings. this is often even more true for those of a smaller nature, handling lesser margins of profit and income. So, surely any way of reducing your overall bills is worth considering? Absolutely, and one of those ways is with solar panels, whereby you use the energy from the sun to heat water or provide electricity, meaning you rely less on the national grid. It sounds simple, but is it a worthwhile investment?

Solar PV energy for business is one among the simplest ways to chop costs. Sure, there’s an initial outlay which can look expensive. However, the mid-to-long-term benefits quite outweigh any commercial solar array cost. By producing your own business electricity, you’ll see reductions in your electricity bill almost instantly. In fact, the typical cost of manufacturing commercial solar PV energy is 5p per kWh. Currently, businesses pay between 11p and 15p for an equivalent amount of energy from their suppliers. So, even on current prices, investing in commercial solar panels is probably worth it. Add the incontrovertible fact that energy bills are set to double within the next ten years, and you’ll see how solar panels could save your business from increased fees for energy.

Your first concern with commercial solar PV will likely be seeing a return on your investment. But it’s worth looking further down the road. Once you’ve recovered the initial cost, all of your savings can then be redirected to other areas of your business, helping you to grow and expand. By taking control of your energy usage, you’ll likely also start to find some ways to enhance your energy efficiency – cutting costs even further. This will be achieved during a number of ways, from installing extra insulation to using energy efficient equipment like LED and CFL bulbs. That said, you do need to understand Feed-In Tariffs (FIT). These are part of a government subsidy designed to market the use of renewable energy. Businesses who produce an excess amount of renewable energy can use FIT’s to sell their energy back to the national grid, meaning you can make even more big savings!

So to cut to the core, solar panels for commercial buildings provide businesses with the prospect to save lots of money, and perhaps even make extra money, all whilst promoting themselves as a green and socially conscious business. We should probably make clear that there is massive competitiveness within the solar energy market. Emerging giants like China and India are the most important polluters yet they are also global leaders in solar energy station development. Ironic? Yes, but this sheer competitiveness will cause lower prices for solar panels and more efficient storage solutions in the long run. All these developments will hopefully reach the UK residential and commercial solar markets. The changes will prompt less costly and more efficient solar energy modules which will easily be installed for your homes and businesses.