UK businesses have been moving towards solar PV panels (solar photovoltaic) for some years now, but with the recent increase in energy bills, many more homes and businesses are looking to renewable energy sources. The benefits of solar energy are not only financial; solar energy is a much more environmentally friendly option.
Here we look at why solar PV is a good investment for your business in 2023.
Reduce Your Carbon Footprint
Reducing carbon emissions is an important goal globally, and installing solar PV panels is a great way to do this for commercial buildings. Many businesses have sustainability high on the list, with mindsets changing towards a long-term, environmentally friendly goal. Changing to green energy will shrink your usage of traditional, non-renewable energy sources and decrease your carbon footprint. Every piece of machinery, every heated and lit room and every electrical appliance linked to your business property zaps energy. By switching to solar PV, you can halve the potential damage it has on the planet.
Reduce Energy Bills
If your business relies on a constant and substantial energy supply due to machinery, tools, lighting, heating and entertaining, the rise in energy costs will be hitting you significantly. Many businesses have sadly had to cease trading due to these increases and the financial implications. Solar PV can reduce your reliance on commercial energy suppliers by as much as 50%. This means that up to half of all energy used by your company can come from renewable sources thanks to solar PV.
How Solar PV Reduces Business Costs
By switching to solar PV energy, you create your own renewable energy to power your business. Any excess energy you do not use can be stored for future use, so while you may generate different amounts of energy daily, not a single bit will go to waste. This eliminates the element of surprise with rising prices and the supply demand. It gives you control and freedom, shaving off business costs and ensuring your money goes towards growing your brand and looking after your staff and customers. Storing unused energy helps you to plan for higher usage periods. Energy bills are one of the most expensive parts of running a business. Investing in solar PV panels will help to keep that cost down.
Solar PV Installation – Return on Investment
Investing in renewable energy and solar PV panels is a smart choice that more and more businesses are making. Yes, there is an initial cost for the panels and their installation, but this is returned over and over with long-term savings. The return on your investment will only continue to grow, so you will reap the rewards for many years to come, both economically and environmentally.
Depending on your business size and energy consumption, you can expect a significant investment return in as little as four years. However, the value solar PV panels can add to your property could be instant. Boosting the value of your property’s value and your green credentials maximises the return on your investment when switching to solar energy. With traditional energy supplies becoming limited and unreliable, many potential investors are seeking commercial properties that are not tied entirely to large energy providers.
Solar Panels Show You Want to Protect the Environment
Choosing solar PV for your business demonstrates that you are committed to reducing your carbon footprint. Solar PV systems will help potential customers understand your efforts towards renewable energy and long-term, positive changes. Your commercial reputation will benefit from your detachment from fossil fuel usage, showing investors and customers you are serious about a sustainable future.
Solar PV is a Great Investment for any Business
The verdict is that yes – solar PV panels are a sound investment for your business in 2023, with many business property owners switching to renewable energy over the next few years and the return on investment and potential benefits growing steadily.