Solar panels have grown in popularity among businesses looking for environmentally acceptable alternatives to fossil fuels. Solar panels are not only better for the environment, but they are also less expensive, easier to maintain and provide an appealing return on investment (ROI).
Solar energy is a plentiful, steady, and renewable source of energy. It is also the cleanest energy source because it produces no pollution and minimizes carbon emissions. Commercial buildings, such as offices and corporate organizations, rely heavily on electricity for the majority of their energy consumption requirements.
Commercial buildings have substantially higher power demand throughout the day, making them ideal for installing commercial solar panel systems. Furthermore, for those interested in adopting commercial solar panels, there are various state and federal tax refund and credit opportunities available for rooftop-solar power systems.
The following are the primary reasons why commercial solar panels are popular among businesses:
- Solar panels are inexpensive
Commercial solar panels offer reduced running costs and can help you save money on your electricity bill. Electricity costs about 15p per unit in the average business. This is decreased to about 4-5p per unit with solar.
- Solar panels are environmentally beneficial
The combustion of fossil fuels emits carbon dioxide and other greenhouse gases into the atmosphere. This pollutes the environment and leads to global warming. Solar panels reduce CO2 emissions while also generating clean electricity on-site. Installing a commercial solar panel system reduces your carbon footprint and demonstrates your dedication to environmental sustainability. Commercial solar panels will help you accomplish your environmental goals while saving money and lowering your operating expenses.
- Solar panels boost brand perception
Modern consumers are growing more environmentally concerned and want to support green businesses. According to a recent survey, 88 percent of consumers want brands to assist them in becoming more sustainable and ethical. Sustainability is in high demand, and green brands have a substantial advantage over their competition.
Corporate social responsibility has never been more vital for corporations. Installing business solar panels is a visible method to express your environmental support. This will improve your brand’s green credentials and reputation, which will help you attract customers and enhance sales and profits.
- Solar panels are simple to care for.
Once installed, commercial solar panels require relatively minimal upkeep. The panels have no moving components and typically come with 25-year performance warranties that state that the panels should generate at least 85 percent of their Year 1 output after 25 years. Inverters that convert generated electricity from direct current to alternating current and synchronize with the grid normally have a 10-year warranty, are easy to access, and are very affordable to replace. The need for and schedule for solar panel cleaning is highly dependent on the environment in which the system is situated. Considering cleaning and roof level continuing care from the the design stage can make any future maintenance requirements simple.
- Solar panels provide a strong return on investment
Commercial solar panels may appear to be an expensive investment, but they pay for themselves over time. The payback period for solar panels is between 5 and 8 years, with a ROI of 14 to 16 percent. This means that your company should soon repay the original installation costs and then enjoy long-term cost reductions.
- Solar panels ensure energy security
Commercial solar panels enable enterprises to generate their own on-site electricity. They become less reliant on the National Grid. Aside from the cost reductions noted above, solar panel owners now have a solid backup supply of electricity in the event of a power outage or another problem with the National Grid. Energy independence and security are particularly crucial for organizations, as downtime may cost owners millions of dollars in lost productivity and revenue.
In conclusion
There are numerous compelling reasons to put solar panels on your commercial property. Commercial solar panels are inexpensive, long-lasting, and simple to maintain. Installing solar panels will demonstrate your environmental sensitivity, which will enhance your brand image and appeal to eco-conscious customers.