Is It Wise Investing in Solar Energy for Your Business?

Large and small companies alike may profit from commercial solar panel electricity in a variety of ways. As energy prices continue to climb, it may be prudent to put your roof space to good use.

Moreover, the business utilities in the UK are getting super high. Therefore, it is important to switch to alternatives that lower the operational costs of your business. 

Advantages of Solar Energy

Let’s talk about some of the advantages of solar energy as an alternative source of energy. Business utilities need proper consideration before you finally reach a decision. Among the advantages solar panels may provide for your company are:

Solar revenue

Ideally, you would consume all of the solar energy produced on-site. Nonetheless, extra energy may be sold back to the system.

Carbon footprint reduction

By generating your own solar energy, your business will drastically decrease its carbon impact.

Better Corporate Social Responsibility (CSR)

In addition to being inherently better for the environment, solar panels may serve as evidence of your company’s dedication to environmental concerns. Solar panels are a terrific way to increase your Corporate Social Responsibility! 

Consumers are increasingly choosing greener purchasing decisions.

Environment friendly and free

Solar panels create free, environmentally-friendly power that may be utilized on-site throughout the day. This reduces your company’s energy consumption from the grid and might save you hundreds of pounds on your energy expenses over time.

Reduce reliance 

Reduce your region’s reliance on imported energy and limited resources.

Increases your energy security

Reducing your reliance on the National Grid makes your company less susceptible to power outages and other disruptions. By storing power on-site, you provide your organization with a backup source should it be required.

What are the drawbacks of solar energy for your company?

As with the majority of business utilities, solar power has drawbacks in addition to its many benefits.

Initial high up-front expense 

Although solar panels may save you money over time, they have a hefty initial outlay. Nevertheless, this price includes the cost of solar panels, an inverter, cabling, batteries, and installation.

Space-intensive

The more power you wish to generate, the more panels you’ll need. In addition, as the number of solar panels increases, the amount of roof space required increases.

Solar energy storage may be costly

There is a good probability that you will require a 24-hour energy source if you operate a 24-hour business. Solar energy must be utilised immediately, or it may be stored in batteries, which can be highly costly to maintain.

Dependent on clearer weather

Although solar energy is present even on foggy or rainy days, the efficiency of the energy you obtain will reduce. Solar panels are reliant on sunshine in order to successfully collect and store solar energy. Hence, you may notice a difference on cloudy days.

What is the cost of solar panels?

As is the case with all solar panels, it is difficult to generalize about cost due to the variety of elements that influence the price. Small to medium-sized businesses should expect to pay between £9,500 and £51,000 for commercial solar panels.

By Olivia Bradley

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