As a business owner, one of the costliest overheads facing you is electricity. Being reliant on the commercial power grid also means you’re subject to electric rate fluctuations. Sudden price increases add uncertainty to your business, especially to your cash flow management.
Now is the time to take more control and look at how your business can benefit from a solar rooftop.
Solar PV systems are rapidly becoming a mainstream alternative energy source across the globe, you may have seen that many Fortune 500 companies such as Walmart and Intel are converting to solar energy. At first glance, you might not think solar PV systems are affordable for small or medium-sized businesses or even homes but think again.
Solar PV systems have become so much more affordable.
Now perhaps you are thinking, “How can my business benefit from a commercial solar PV system?” and “Are solar panels worth the investment?” Well, you’re not alone, any ‘NEW’ technology always comes with a hefty price tag, however solar has been around a lot longer than you think, its first official domestic and business use was in the early 1980’s So the way to answer these questions is by looking at the benefits for businesses using solar energy
Why You Should Finally Go Solar
There are several advantages to installing a solar PV system on a business. Besides using a renewable energy source helping the environment, you’re going to get an excellent financial return on your investment over a relatively short time. You can also use solar panels for business tax credits.
Recently, the solar PV industry has markedly matured. Solar technology is now an affordable alternate energy option. It’s also a completely dependable and reliable electrical system. That includes being a cost-effective primary electrical source as well as an economical backup power provider.
Solar PV system is worth it for businesses for the financial savings alone. You can save 30-60% on daytime electricity charges by installing a solar PV system on your rooftop. A good reason why you should install solar panels at your business.
Despite such a leap of faith in solar energy based on clear proof of the benefits of solar power for businesses few are yet to wake up and see the benefits. The governments of the region are very aware of its energy capabilities and thus; South-East Asia, energy ministers agreed to set a target of 35% renewable energy capacity by 2025 to take advantage of solar and wind energy’s lower costs and stimulate their pandemic-hit economies. This agreement potentially paves the way for an additional 35 to 40GW of renewable capacity in the region.
Solar Power Benefits for Businesses
Deciding to invest in solar power isn’t something you should do quickly. You need to thoroughly evaluate your current energy supply situation and assess where you need to be in the future. You know that solar energy is a long-term investment that takes time for a decent return. Ultimately, you’ll make your decision based on the benefits of solar power for your business. Here are some of the main advantages:
- Cuts overhead business costs
- Has future longevity
- Creates energy independence
- Offers excellent tax benefits
- Contributes to a healthier environment
Those are five excellent benefits from solar power conversion, and five reasons why your business should upgrade to solar energy. You’ll be doing the right thing financially and environmentally, as well. Let’s take an in-depth look at how your business can benefit from solar panels.
Many people don’t realise it, but commercial electrical power is a commodity. It’s bought and sold based on supply and demand. When you consume from the power grid, you’re subject to current market forces and user rates at that time. You’re not protected from future costs. That’s because futures are unpredictable.
We can all agree Fossil fuels, the most prominent source of fuel for a century is coming to an end. Coal and gas-fired electrical generation stations will be more regulated on emissions and their carbon footprint. That means more costs for fossil fuel generation and that has to be passed on to the consumer.
Hydroelectricity is the main power source in areas that have a suitable water supply to turn generators. But the expansion of hydroelectric production means additional flooding. That’s not acceptable in areas where land is a premium. Hydro plants have a limited capacity for output and are already maximized in many stations.
Alternate electrical sources like nuclear plants have dubious futures. Given the volatility of accidents, think Chernobyl, and the nuclear waste problems, the future of nuclear power generation is bleak. That leaves a virtually untapped renewable power source — the sun.
Solar power is the future solution to low overhead electrical production.
By converting to solar energy, you’re making an investment in the future of your bottom line. Like the stock market where investors bet on future markets, you can hedge your electrical bet by installing a self-contained solar generation system from Kunini. With solar power, you benefit from lowering your electrical consumption cost and protecting your company’s and or your home’s future price and investment future.