How Good Are Solar Panels for Businesses?

How Good Are Solar Panels for Businesses?

The following contribution is from another author.

Recently, more business owners have been installing solar lighting systems in their premises or companies, as they’re considered a better alternative to fossil fuels.

Solar energy is cost-effective and eco-friendly. Even better, the panels can be installed in remote locations that do not have access to mains electricity.

Here are some of the reasons why installing solar panels can help your business.

Cost Savings

Businesses need to look to reduce expenses and maximise profits wherever possible. One of the ways through which you can lower your outgoing costs is by investing in solar energy.

Solar panels harness energy from the sun and convert it into electricity, meaning that they reduce your utility bills. With these installations, you won’t spend as much as competitors who entirely depend on mains electricity.

A Good Return on Investment

Nowadays, solar panels aren’t as expensive as they were in the past. Over the past decade, their prices have dropped by up to 70%. This means you can purchase several panels that meet your consumption needs without breaking the bank.

Furthermore, governments worldwide are offering tax incentives and rebates to people who install solar power systems. This is a move to encourage individuals to adopt green energy, and you can use it to your advantage.

Cost-effectiveness

Although panels are cheap, other accessories needed to make the system functional such as batteries and inverters, are relatively costly. This makes the upfront cost of installing a solar power system out of reach for some people.

However, the high upfront payment shouldn’t deter you from investing in solar energy. This is because it’s cost-effective in the long run.

For the first three to five years after installation, the system will be paying itself off. Once this period elapses, you will reap the benefits of your investment for many years. Most panels have a lifetime guarantee of at least 25 years, meaning that you’re assured of 20 or more years of ‘free’ electricity.

Future-proof

Many business owners don’t realise that commercial power is a commodity whose trading depends on supply and demand. When you use power from the grid, you’re subject to market dynamics and aren’t protected from the future because it’s unpredictable.

Industry experts predict that people will abandon fossil fuels for greener options like solar energy. Coal and gas-powered stations will have to comply with stricter regulations aimed at reducing their carbon emissions. As a result, they’ll increase the price of electricity.

Contrarily, there are few concerns over solar energy because of its eco-friendly nature. By installing it now, you’re investing in the future.

Little Maintenance

Another benefit of installing solar panels on your business premises is that they require little maintenance. Think about it – solar doesn’t have any moving parts, so you do not need to apply oil or other lubricants to prevent wear and tear.

The only thing you need to do is regularly wipe the surface of your panels to prevent the accumulation of dirt. Too much debris means that the photovoltaic cells don’t receive enough sunlight, reducing the effectiveness of your system.

Reduced Carbon Footprint

As mentioned earlier, solar energy is friendly to the environment, as it produces negligible amounts of greenhouse gases. With this form of energy, you won’t have issues with local environmental protection agencies.

Wrapping Up

For a business person, the priority is always making a profit. To do this, you must cut down your expenses, and there’s no better way of doing it than investing in solar energy.

Purchasing solar panels and the required accessories might be more expensive than connecting to the grid, but it’s more economical in the long run.

Author

Eric is the creator of At Home in the Future and has been a passionate fan of the future since he was seven. He's a web developer by trade, and serves as the Director of Communication and Technology for a large church in Nashville, TN (where he and his family are building a high tech home in the woods).

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