As energy costs are continuing to rise and businesses are under increasing pressure to reduce their carbon footprint, many are looking to Solar-PV as a way to cut carbon emissions and combat the increase in electricity costs.
However, as Solar Power only accounted for 4% of the energy produced in the UK in 2020 the true potential of solar power is still to be realised.
Here are 5 things that you perhaps didn’t know about Solar that might encourage you to consider it as a viable option for your business.
1. Solar panels do not produce any carbon dioxide emissions
Solar-PV is 100% renewable source of energy that does not produce any carbon dioxide emissions, it’s totally green and renewable and is a practical way to reduce your carbon footprint. This can be particularly helpful should you be required to adhere to regulations such as SECR.
2. Solar Energy is cheaper than fossil fuels
Once the initial cost of installing solar panels are covered you will not need to pay for the electricity they produce. With energy costs being both high at present and difficult to predict due to market volatility, the use of Solar-PV makes budget forecasting far easier as well as helping to lower energy and operating costs for your business.
3. There's enough solar energy hitting the Earth every hour to meet the world’s power needs for an entire year
The global demand for electricity is expected to rise 65% by 2040 and with the national grid under strain it’s evident that renewable energy will play a significant part in meeting this shortfall. Solar Power is incredibly versatile, the power generated can be used directly onsite and stored for later use to lower energy costs during peak times.
4. The payback on initial investment is quite short
The cost of installing solar panels is of course an important factor but the payback period is quite short, in some instances as little as 8 years. This is due potential savings to be made (Solar could lower your electricity costs by as much as 30%) as well as Government funding available.
5. Solar panels do not need full sunlight to work
Solar panels are at their most effective when they are in full sunlight but they can also produce electricity on cloudy days or in winter. Electricity generated on sunnier days can be stored for use at night or in winter months making you self-sufficient and with the option to generate additional revenue by selling excess energy to the national grid.
Why might Solar be right for your business?
If you are a high energy user then Solar-PV is something to be considered as part of your medium-term business strategy. It’s a 100% sustainable, reliable and cost-effective source of clean energy which is ideal for businesses that want to cut both energy costs and carbon emissions. It enables businesses to unlock value from existing assets like your roof or ground space and generate your own efficient energy supply. Solar can be generated on site, it reduces reliance on the grid and will make energy rates more predictable, allowing for better forecasting of your business energy expenses.
If you are in the process of designing a new building or installing a new roof this could be the right time to explore Solar-PV as a renewable energy option for your business.
How we can help
BCR Associates offer a fully managed solution for your renewable energy needs which is customised to your individual business to optimise your investment and ensure value for money.
To talk in more detail about your Solar-PV requirements, please get in touch on 03330 433 233 or [email protected].Stay up to date and subscribe