Discover the benefits of installing commercial solar panels
As the world becomes more focused on sustainability, and businesses look for ways to manage their soaring utility bills, many UK companies are quickly realising that the installation of commercial solar panels can bring with it huge benefits.
Solar energy is not only better for the environment, but it can also potentially save businesses thousands each year on their energy expenditure. Before we look into other benefits of commercial solar panels, let’s first look at how they work.
How do solar panels work?
Solar panels work by absorbing sunlight with photovoltaic cells, also called PV cells. These PV cells are made from silicon, a material that can create an electrical current when exposed to sunlight.
When the sun shines on the solar panel, the silicon atoms absorb the sunlight and becomes electrically charged. This charge is passed through wires to an inverter, which converts it into usable AC (alternating current) electricity. This energy can be used to generate electricity or be stored in batteries.
Like any other business investment, it’s important to weigh up the pros and cons of getting solar panels installed. Here are some of the benefits that solar energy can provide.
Reducing energy costs
Energy expenses can be one of the main running costs for businesses in the UK, and the current energy crisis has meant that both households and businesses are looking for ways to manage their soaring utility bills. Switching to solar power will help protect your business from any further rises in energy and will therefore decrease your operational costs significantly.
Apart from the initial upfront investment to have solar panels installed, there is no running costs as they run from the sunlight’s natural energy and are a very reliable source to power your business.
Reduce your carbon footprint
As climate change is becoming a much more crucial issue for everyone, responsible companies are taking initiative to reduce their carbon footprints. If every business worked towards reducing their carbon footprint in some way, it would make a huge impact on whether or not we can collectively meet the 1.5°C target set by the Paris Agreement.
Using solar energy reduces your reliance on fossil fuels, which in turn, reduces the strain on finite resources like coal, oil, and natural gas, which are contributing to global warming.
Increase your property’s value
If you own a commercial building, installing commercial solar panels will increase its value. The RICS is now factoring sustainability and ESG into commercial property valuation, proving a strong correlation between the environmental performance of an asset to its market value.
Attract and retain the best employees
Employees are increasingly attracted to businesses with green credentials. An IBM survey found a rising interest in workers wishing to apply for and accept jobs from environmentally friendly companies, with 67% stating that they are more willing to apply for and 68% more willing to accept employment from such companies.
Installing energy-efficient heating and ventilation will allow businesses to show a clear commitment to reducing carbon emissions and help to tackle the energy crises. This in turn, will make a difference to attracting employees to your organisation.
Solar panels are designed to be self-cleaning, so they require little to no maintenance. You won’t have to worry or pay for additional maintenance costs to keep them running efficiently.
There are various schemes available, such as Energy Efficiency Financing (EEF) that offer funding for the installation of commercial solar panels. There is also a super deduction on grants allowing businesses to claim up to 130% of their Capital Allowances back from the Government, for qualifying investments.
Rawson R-EV can help complete your funding application, allowing you to reduce your initial upfront investment as much as possible.
Contact R-EV Power today to discuss the benefits of commercial solar panels at your commercial premises and give you a free competitive quote.