Everywhere you turn today, there is some mention of renewable energy sources, particularly solar power. This discussion comes from the urgent need for climate change mitigation expressed by scientists and environmentalists alike. Therefore, it is no longer easy or convenient to consider shifting away from the energy provided by fossil fuels; it is imperative.
While solar power is no longer a new thing, its use is still more prevalent within residential settings than commercial. Consequently, more homes today have some or all their energy needs met through the use of solar panels than ever before. However, even as this is a laudable change, the question remains, where are businesses? Furthermore, even if there is a present desire, is solar for business as straightforward as we believe?
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Is solar for business a no-brainer?
What Is Driving Businesses to Turn to Solar Power?
Today, more and more businesses are embracing change and shifting towards the use of solar power. The primary reason for this mentality shift lies in their realisation that this energy source carries significant benefits in the short and long term. The rest of this article takes a more in-depth look at these advantages and their impact on businesses.
Significant Cost Savings on Business Energy Use
Businesses tend to use far more energy than individual homes, resulting in them spending more. Therefore, switching to solar power reduces reliance on the city’s utility companies. Additionally, since it costs little to no money to generate electricity from solar energy, after initial installation costs, the use of solar can only mean good things for the balance sheets by cutting down operating expenses.
In the best-case scenario, businesses that start using solar energy report that their usage expenses have gone down by half or more, compared to previous costs. Therefore, you can use this figure to benchmark your expected savings with a few caveats. First, the amount of solar energy you generate depends on the scope of the system you opt to install and the amount of roof space available for the panels.
Solar Systems Used by Businesses Pay For Themselves
The most significant cost associated with solar panel systems is the initial installation. There are two ways a business may pay for the process; by presenting all the money upfront or by opting to spread the payments over a certain period (usually five years). The majority go with the latter option for many reasons.
First, spreading the payments over time allows the business to make reasonable instalments, avoiding cash-flow disruption. Secondly, the energy savings they observe from the moment they start running the solar systems become helpful in covering the installation costs. Consequently, they find that solar power pays for itself throughout the financing period and allows the business to use electricity afterwards, which is essentially free.
Most Businesses Primarily Utilise Energy During Daytime
Those businesses that operate during daylight hours benefit from immense savings when using solar energy primarily because, as long as there is sunlight, the business’ energy is essentially provided free of charge, if they draw all their power from the sun. However, they may still incur some costs if their solar systems are not large enough to generate sufficient electricity, thus necessitating the use of some grid power. This cost, on the other hand, is still minimal.
Using Solar Power Enables Businesses To Reduce Their Emissions
Everyone today is conscious of the number of emissions they contribute toward the overall atmospheric output. In fact, the question of a person’s or business’ carbon footprint is often at the forefront of most queries and interactions.
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Consequently, companies today are growing ever more conscious of their emissions levels and are making every effort to lower them. Therefore, if this target forms part of a business’ corporate goals, one of the best and most clear places to begin their quest is through the use of solar energy.
Environmentally Conscious Businesses Are More Attractive to Customers
Tied into the need for fewer emissions is the awareness of a savvier and more environmentally conscious public, who demands the same from the businesses they frequent. Therefore, a company that takes steps to enhance its sustainability practices also gains more in the end: they rest easy in the assurance that they are doing the right thing. They also attract more customers, particularly those who seek them out simply because of their environmental ethics.
Therefore, a shift to using solar energy is a simple action that has a significant positive impact on the company’s outward and economic profile.
Where Are the Benefits of Business Solar Systems Most Prevalent?
An in-depth look into the different business types in operation today offers a long list of corporations where the switch to solar power would provide significant benefits. Furthermore, these businesses are not limited to one niche and state. Numerous companies now use solar panels, whether they are in Sydney, Perth or Adelaide. They run the gamut from major industries to small businesses. However, one of the primary beneficiaries of such a movement is companies that utilise a lot of power in their daily operations.
There are a number of businesses that have opted for solar panel installation, including but not limited to restaurants, clubs, agricultural companies, schools, vehicle dealerships, manufacturers, warehouse facilities, commercial office buildings, service stations and many more. In addition, one of the most interesting instances of a business preferring to install a solar system involves an American coal museum.
The fact remains that using solar panels of all types avails every business where it is installed with a free source of energy, which in turn dramatically lowers operating costs and improves the company’s image.
So, is solar for business a no-brainer? The answer lies in the significant benefits of solar panels listed above, which are proven and immediately visible. Therefore, the future is now. Do not hesitate to take steps toward installing a solar panel roof on your business, and when the time comes, you will certainly weather the storm of rising energy costs easily.
