Commercial installation of solar panels is no longer just an option for companies wishing to be more environmentally friendly. In recent years, commercial use of solar panels has increased dramatically as a feasible method of saving money and stabilising future generation/acquisition of energy for businesses.

In the first few years of solar panels becoming commercially available many businesses were dissuaded from considering installing them because the cost of installation was so high. However, as the technology of solar panels has become more advanced and popular, the price has been gradually dropping. Now, buying and installing solar panels is a fraction of the price they were 10 years ago meaning that profits can be made from commercial solar panels within years of installation.

The primary way that solar panels can help a business to save money is by allowing commercial premises to operate off the grid. Being dependent on grid electricity means being at the mercy of the increasing prices of fossil fuels. Solar panels, on the other hand, will not increase in price and only require a one off payment to secure the technology for up to 20 years. Within this period, a commercial premises with solar panels does not require additional funds to function and may even be able to make money if more energy is produced than is used.

Future energy generation of commercial premises is also secured by the installation of solar panels because by being independent from the grid, a business is able to operate regardless of problems that influence the grid. For example, any halt to energy supply as a result of problems relating to the grid can lose a company masses of money especially is they operate large machinery. However, commercial premises that have solar panels can continue to produce and operate independent of grid related issues thus preventing the loss of profits.

Take a look at our recent post about ‘What you need to know about solar panels for commercial use‘.

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