Importance Of Commercial Solar Installation For Businesses
Currently, the solar industry is experiencing a boom. According to the Climate Council, nearly half of all large firms in Australia use solar energy in several ways. However, not all firms, especially the smaller ones, are pleased about it. SMEs have different energy requirements than big international corporations.
It is understandable that some small businesses consider commercial solar installation to be risky. After all, the weather in our city is notoriously unpredictable, and it may also be expensive upfront. No matter the size of your company, the sector you work in, or the range of your operations, it’s an investment that quickly pays for itself.
Utilise Solar Energy to Save Money
By lowering your dependency on the grid and slashing your quarterly energy expenditure, commercial solar panel installation gives you protection against rising electricity prices. Rising energy prices affect all businesses and commercial solar installation can help them all.
Large firms that use commercial solar energy
Many of Australia’s biggest companies are embracing commercial solar panel systems, as we already mentioned. Most large companies using excessive energy also have large buildings with lots of roof space that can accommodate hundreds of individual solar panels. Thus, it directly equates to significant financial savings.
How commercial solar installation reduces costs for small businesses
Residential solar installations are widely done. Even small businesses can benefit from the savings that commercial solar installation offers. Large businesses don’t always have expansive sites and rooftops that can host hundreds of individual solar panels.
Commercial solar installation is a no-brainer, regardless of whether you run a vast statewide network of cold storage facilities and warehouses.
Assurance of ROI
Every significant investment you make as a business owner is made with an eye toward possible ROI. You should have faith that you will get all of your money back and then more. Fortunately, with a commercial solar installation, you won’t need to be concerned about that.
The weather in can be unpredictable, but both large and small firms should anticipate a strong return on investment quickly. To determine the amount of return you can anticipate, use one of our commercial solar ROI calculators.
Beginning with the major portion of the city
In most cases, the installation cost is paid within 3-5 years. 25 years is the estimated lifespan, which is quite short. Despite the size and complexity of their operations, several of our large-scale clients record ROI in the double digits.
Large-scale generation certificates (LGCs), which can be sold on the open market to increase your return and shorten the time needed to create a positive ROI, can further improve this.
How about smaller companies?
No need to worry, small businesses can also benefit greatly from commercial solar installation in Melbourne and solar installers in Sydney. In many circumstances, their ROI may even exceed that of a large company.
Compared to larger companies, smaller ones typically use less energy. It’s no surprise that SMEs get such a strong return on investment from solar when you combine it with the increased efficiency of today’s solar panels.
Small businesses won’t have to wait long to start seeing a positive return on investment if they combine it with Small-Scale Technology Certificates (STCs) for small firms that consume less than 100kW.
Read More: How to Maintain Your Solar Panels: 5 Easy Steps
Solar Energy’s Benefits for Businesses
It takes time to decide to switch your company over to solar energy. You must carefully assess where you are now in terms of your energy supply and where you need to be in the future. You consider the benefits and drawbacks, just like with any company investment. You are aware that investing in solar energy over the long term will require patience and a respectable return. In the end, you’ll base your choice on the advantages of solar energy for your company. The following are some of the primary benefits:
- Reduces business overhead costs
- Has long-term potential
- Achieves energy independence
- Provides great tax advantages
- It is a financial investment that also has ongoing environmental benefits.
These are five great advantages of solar power conversion and five justifications for solar energy utilisation in your company. Although the price may appear exorbitant at first, it is an investment that will benefit your bottom line over time. Your system may pay for itself in a few years, depending on its size, while you enjoy lower or no electricity costs.
Finally, companies of all sizes are realising that investing in a solar electric energy system is a crucial strategic move that ensures a reliable financial return for years to come. Additionally, it aids in business attraction because consumers are drawn to companies committed to sustainability initiatives. Just consider that one 105KW system will offset 11,004 trees and 49,522 gallons of gas in three years.