Electricity is one of the most expensive costs when running a business. You are subject to fluctuating prices when you rely on energy from supply companies. In recent years, amounts have increased, resulting in lower profit margins for businesses.
The solution to the rising electricity costs is adopting solar energy. Many residential and commercial premises now have solar panels for harnessing power from the sun.
The following are the benefits of going solar for every business.
Although the initial cost of buying solar panels and relevant equipment is higher than connecting your premises to the main grid, it’s cost-effective. After purchasing the system, you’ll never pay monthly bills. Also, many governments offer financial incentives to help buy solar energy systems.
Solar panels are durable and require little maintenance. On the other hand, batteries can last up to 10 years if you don’t use them improperly. These and other benefits mean that solar energy systems are a cost-effective investment.
Solar energy is renewable. On the contrary, fossil fuels are finite and get exhausted after extended use. If you want an infinite energy source, consider installing solar panels in your company. Doing this guarantees energy for future generations.
Increased Property Value
Prospective buyers view solar energy as upgrades, similar to home makeovers like renovated bathrooms, finished basements, and landscaped gardens. As a result, would be home buyers are more likely to match the asking price of a property if it has a working solar energy system.
The price increases if you have a large solar energy system and your area’s high electricity rates.
Furthermore, buyers consider solar as future-proof technology. As mentioned above, solar is renewable, unlike finite fossil fuels. This is sole factor contributes to the appeal of buildings with solar panels.
Solar panels have a lower carbon footprint than other energy sources. Once installed, the panels don’t emit carbon dioxide and other greenhouse gases into the atmosphere. On the other hand, fossil fuels continuously produce pollutants that contribute to global warming and climate change.
For instance, areas near coal power plants have poor quality air. Living in such conditions increases your susceptibility to respiratory diseases and some cancer types. Impure air also causes acid rains that corrode buildings, cars and other property.
Additionally, solar panels are noiseless. Gas-powered generators are an excellent energy source and backup during outages, but they are noisy. Invest in solar panels if you want a solution that won’t distract your staff or customers.
Solar panel energy systems are modular, enabling you to increase or decrease equipment to match your energy needs. For instance, expanding your business can cater to different needs by purchasing more panels. Similarly, you can reduce the panels to lower your energy production.
It’s worth noting that more panels require more batteries and inverters with higher capacity.
Solar Works Everywhere
Despite being outside the tropics, Australia receives abundant sunlight. Modern solar panels are highly efficient and require little exposure to generate electricity. Even if you live in areas that experience short days, you can save a substantial amount of money by going solar. In addition, you can increase your system efficiency by placing the modules in an open field without shaded spots.
Solar panels are becoming cheaper as governments worldwide encourage citizens to adopt this sustainable energy source. However, the high equipment cost, like batteries, deters many people.
Still, investing in solar energy is wise because it’s cost-effective in the long run. Once you install the panels, you’ll never pay for electricity, saving you money. The technology is improving, resulting in cheaper, more efficient solar modules. Lastly, solar panels can last for 25 years and require little maintenance.