The installation of solar panels on residential homes has become increasingly popular in recent years, but the use of commercial solar panels has also grown significantly.
Across the globe, businesses and consumers alike are feeling the pinch of rising energy costs, so there’s never been a better time for businesses to explore more sustainable forms of energy. And with many businesses seeking to reduce their carbon footprint along with their energy bills, there are considerable benefits to installing commercial solar panels.
In this article, we explore the various ways that commercial solar panels can help save you money on overheads and maximise your profits.
One of the most obvious and significant advantages of commercial solar panels is a reduction in energy costs.
Solar panels fitted on your premises allow you to generate your own electricity, thus reducing your reliance on the national grid and bringing down your energy bills. For businesses that have high energy usage, such as factories or warehouses, this is particularly beneficial.
The beauty of commercial solar panels is that you can produce your own energy during the day and use it to power your business in the evenings. And you may be in a position to save and store excess energy for use at a time when you need it.
Traditional energy systems can be expensive to maintain and operate, and over time, will require costly upgrades that can eat into your overheads. Once installed, commercial solar panels are extremely durable, with low maintenance and repair costs.
Solar PV systems are pretty straightforward to install and require minimal monitoring once fitted, making them a hassle-free option for busy business owners.
Another financial benefit of commercial solar panels is that they can increase the value of your premises. They are considered valuable assets, so should you decide to either sell or rent out your property, it will be more attractive to potential buyers or tenants.
Choosing a product or a service from a business that cares about sustainability is becoming a priority for consumers. 70% of Irish people are more likely to purchase from a brand that describes itself as ‘eco-friendly’.
By making the switch to a renewable source of energy such as solar power, you’re demonstrating your commitment to operating your business in a greener and cleaner way. This will encourage new customers who share the same passion for the environment to choose your business over a competitor, who may not be as environmentally friendly.
Similarly, you could also benefit when it comes to recruitment. If you can position your business as environmentally responsible and forward-thinking, your company or organisation will become a desirable place to work for potential employees who share the same values. This can help you attract top-quality talent to join your team, which will have a positive effect on your bottom line.
A loss of power, whether it be an electrical fault or extreme weather conditions, can be detrimental to a business. It can be disruptive for your team and your customers, which can have a knock-on effect on your reputation.
Renewable energy sources such as solar panels offer more stability and reliability, meaning that you can maintain regular service for your clients and customers.
In September 2022, the Minister of the Environment, Climate and Communications, Eamon Ryan announced government supports to businesses of up to €2,400 for the installation of commercial solar panels. This grant is available to businesses, public organisations and community groups.
By availing of this grant, you have an opportunity to upgrade your energy system on your premises, resulting in a more energy-efficient electricity system. This is very positive news for your profit margin in the long term, making commercial solar panels a great investment for the future.
If you want your company to stand out as an industry leader in the fight against climate change, contact us today to see how we can help your business to go green.
Make sure to also check out our blog for more of the latest trends and developments in solar energy in businesses across Ireland.