Should you Consider Solar Panels for your Business?
If a business has high electricity costs or wants to be prepared for the future, then they should consider their own solar PV system as a cheaper and environmentally friendly alternative to grid-supplied electricity. Installing a solar system on your commercial building can significantly reduce your overhead costs and enhance your brand image by demonstrating your support for sustainable practices. If you are considering making the switch to solar, then here are the key ways that solar could benefit your business:
Reduced electricity costs
If your business requires large amounts of electricity to operate, i.e., manufacturing or cold storage facilities, then solar PV could have a dramatic impact on your monthly utility bills, reducing costs by 65%. Agriculture businesses can also benefit significantly from installing solar, as those with dairy units or poultry productions generally have high energy requirements. For instance, Mypower recently installed a 108kW solar PV system at Daylesford Organic Farm in Gloucestershire that will provide an impressive Return On Investment (ROI) of 17%. The system will generate subsidy-free electricity at around 4.82p per unit, which is far lower than the typical grid-supplied electricity rate of 15p per unit. In addition to the savings on electricity costs, you won’t have to worry about increasing electricity prices affecting your cash flow budget in the future. This is particularly beneficial when considering the fact that average business electricity prices have increased by 70% since 2007. The cost of electricity is expected to continue rising as the demand for energy increases and the availability of non-renewable resources shrink. Your own solar PV system is a great way to safeguard your company’s future energy supply, protect your company against changing utility rates, and benefit from electricity with an ROI.
Lower carbon footprint
Another key benefit of solar power is that it will instantly reduce your company’s carbon footprint and help prevent harm to the surrounding environment. Solar panel systems convert the sun’s rays into electricity and produce zero harmful emissions or pollution. On the other hand, electricity generated from traditional fossil fuels like coal and gas is extremely polluting, and is the largest contributor to greenhouse gases. Global warming is having a progressively damaging impact on our planet, and all businesses should take steps to make their operations more sustainable. Switching to solar energy is a simple and affordable investment strategy to lower your carbon footprint and minimise environmental harm. Fortunately, solar installations can be completed quickly and conveniently with the help of a professional solar installation company, while ensuring minimal disruption to your business.
Improved brand image
As mentioned, installing a solar panel system on your commercial building is one of the most effective ways to reduce your carbon footprint and lower harmful emissions. Global warming is a hot topic and many consumers now want to support sustainable companies that are responsible and eco-friendly. In fact, a recent survey by Accenture found that more than half of consumers are willing to spend more on sustainable products and services. There is a high demand for eco-friendly products and taking steps to improve your business’ green credentials can enhance your brand image and reputation. Demonstrating your renewable energy credentials can help you attract new customers and clients, which will increase sales and profits in the long-run. With that in mind, any business looking to improve its image and increase its bottom line should consider installing solar power.
Another benefit of solar panels worth noting is that they require very little maintenance. Once installed, a solar panel system should provide you with a reliable and hassle-free electricity supply for anywhere up to 50 years, according to green experts at renewableenergyhub.co.uk. What’s more, many solar panel systems come with warranties that cover them for at least half of this time, meaning you can have confidence in the quality and reliability of your solar system.
Smart business owners should regularly review their operational costs and identify strategies to reduce expenses within their business. Installing a solar PV system can be a reliable way to cut your running costs and make your company more efficient. Installing a renewable energy solution such as solar is an excellent way to improve your brand image and make your company appeal to eco-conscious customers and stakeholders. Overall, installing a solar system on your commercial building can offer countless advantages and benefit a wide range of businesses across various industries. If you would like more information on commercial solar systems then you can contact Mypower by clicking here.