The solar PV panel industry has seen immense growth and development in recent years, both on a commercial and residential scale. In today’s rapidly changing business landscape, Irish SMEs must explore innovative solutions that demonstrate a commitment to operating more sustainably. With energy costs on the continuous rise, businesses have an extra motivation in finding an energy solution that can save them money in the long run.
One such solution that holds immense potential for Irish businesses is solar PV panels. With their ability to generate renewable energy and reduce reliance on traditional energy sources, solar PV panels offer a multitude of advantages that can significantly benefit businesses across various sectors.
In this article, we outline the reasons why Irish SMEs should make investing in solar PV panels a priority for 2023.
Before looking at the benefits of solar energy for businesses, a good starting point is to explain how solar PV panels, also known as photovoltaic panels, actually work. Simply put, solar PV panels harness the power of sunlight and convert it into electricity. This electricity can then be used to power the operations of the business. Typically mounted on rooftops or installed in open spaces, these innovative panels allow businesses to generate clean energy.
The great news for SMEs is that the technology behind solar PV panels has evolved significantly over the years, making them more efficient and affordable than ever before.
Furthermore, in October 2022, the existing planning exemption for the rooftops of commercial buildings was increased from 50 square metres to 300 square metres. This will allow larger commercial buildings to install commercial solar panels without having to seek planning permission.
Investing in solar PV panels offers numerous benefits for Irish businesses, so let’s look at these in greater detail.
One of the most compelling advantages is the potential to save money on energy bills. At a time when costs across every sector are continuing to rise, any opportunity to reduce operational costs should be embraced by SMEs.
By generating their own electricity through solar panels, businesses can significantly reduce their reliance on grid electricity, resulting in substantial savings on monthly electricity bills.
Moreover, solar PV panels have a long lifespan, and the return on investment can be achieved in a relatively short period, leading to long-term cost savings for businesses. A typical ROI would be 15-20% which equates to a 5 to 6-year payback for most businesses.
While reducing energy costs is a financial benefit for businesses, the bigger picture is the benefit for the environment. Reducing energy costs and carbon footprint is a crucial concern for businesses today. Solar PV panels play a pivotal role in achieving these objectives. By utilising renewable solar energy, businesses can reduce their dependence on fossil fuels, thereby decreasing their carbon emissions and environmental impact.
Corporate social responsibility (CSR) is more than just a trendy buzzword – it’s become increasingly important for businesses to demonstrate their CSR efforts to the greater public. Firstly, there’s a growing trend in consumers valuing businesses that prioritise environmental sustainability. Similarly, an organisation that can demonstrate its dedication to operating in a greener way will prove more lucrative to potential employees seeking a place of employment that cares about the environment.
Embracing sustainability and choosing a renewable energy source such as solar power can certainly enhance a company’s corporate social responsibility efforts and reputation.
In addition to the financial savings and environmental benefits, making the switch to solar energy can strengthen the resilience of a business and ultimately provide energy independence.
With solar PV panels, businesses can ensure a more secure and reliable energy supply. By generating their own electricity, businesses become less vulnerable to fluctuations in energy prices and supply disruptions. This increased energy independence not only provides stability but also enables businesses to continue their operations during power outages, ensuring business continuity and maintaining essential services.
As Irish businesses strive to navigate an increasingly competitive and environmentally conscious marketplace throughout 2023, investing in commercial solar PV panels has become a strategic move. Not only can it lead to significant cost savings and enhance energy efficiency, but it also promotes environmental sustainability and strengthens a company’s reputation.
At Alternative Energy Ireland, we have become a trusted provider of commercial solar PV panels, offering tailored solutions that meet the unique energy requirements of businesses across various industries in Ireland. Our expert team ensures seamless installation and provides ongoing support, allowing businesses to harness the power of solar energy with confidence.
Embrace the power of solar energy and secure a brighter future for your business – contact us today to make the switch to cleaner, renewable energy. If you would like to know more about the benefits of commercial solar PV panels, take a look at our informative blog.