With the changing technology and needs, the energy requirements are also skyrocketing. When it comes to handling businesses, there are plenty of expenses that need to be managed in order to sustain the functionality of the company. Electricity bills can mount up and hamper the business budget to a significant extent. Hence, it has become essential to look for energy sources that are efficient and affordable as well.
Businesses have to look after their energy consumption and marginally save electricity in order to cut short on bills. But, what if there’s a reformed way that can help businesses to acquire a better source of energy. Over the past few decades, solar energy has changed the scenario for global energy consumption. A low carbon-producing energy source that can come at an efficient price solar energy has been revolutionising the energy sector.
Households that are concerned about their energy consumption have already adopted solar power to light up their homes. Even businesses who are looking for a reliable and cost-efficient source of energy are inclining towards solar energy. Small businesses, in particular, can be primarily benefitted by commercial solar panels.
According to statistics, around 30% of small business are installing commercial solar panels on their roof to enjoy the benefits of solar PV. There are plenty of benefits of solar panels that companies can utilise to bring clean energy into their company. It is crucial to find the best commercial solar panels in Brisbane for your business to make the optimal use of this fantastic source of energy.
Benefits of Commercial Solar Panels For Business
Businesses are looking for energy sources that are sustainable and financially less burdening. There’s no better way than solar energy to help enterprises to cut short on the electricity. Apart from saving on the bills, there are other benefits of solar panels that make them an ideal option for the energy source. Solar panels help in converting solar energy into electricity, and this way, businesses can avail cleaner and cheaper power.
If you have been doubtful about the significance of commercial solar panels, take a look at some of the amazing benefits that will make you change your decision.
Financial Savings
One of the significant advantages of installing commercial solar panels is that you can save on your company’s electricity bills. Irrespective of the size and structure, businesses have high energy needs that need to be met. With conventional energy, your electricity bills will mount up evidently. But, with solar energy, you can start saving on your bills. A solar panel system can generate electricity at 5 pence per kWh. Compared to the conventional grid system, commercial solar panels can help you save enormously on your electricity bills. So, if your electricity bills are soaring high, then its high time you switch to solar energy.
SRECs
With growing pollution and climate change created by carbon generation, the need for green energy production has become imperative than ever. Many regions provide Solar Renewable Energy Credits top businesses that measure their progress in generating cleaner and greener energy. All the renewable energy your business generates will be tracked, and in return, you get certificates that can be traded with other organisations, thereby contributing to your additional revenue.
Net Metering
The best thing about the solar grid is that it uses all the solar energy during the day and power the system at night. The solar panel system produces more energy than you consume. But, you don’t have to worry about the excess electricity generated, as the utility company will give you the market value of any surplus production. This way, you can even have an additional income source for your business without any additional investment. So, you should switch to commercial solar panels and start generating solar energy.
Tax Exemptions
You would be surprised to know that your decision to incline towards commercial solar panels can help you get tax benefits as well. With solar panels, your business can be eligible for capital allowances as they are categorised under plant and machinery. In case of a partnership, if you pay 40% tax, you can claim it back from HMRC as the cost of solar panel installation when you next file the tax returns. Your business can save radically on the tax if you are rightly aware of the exemptions.
The Bottom Line
Solar power is sustainable and free of cost and utilising the energy to generate electricity is the best to create cleaner and cheaper energy. Businesses can be largely benefitted by the use of commercial solar panels by all the means. Whether it is the financial savings or cleaner energy consumptions, there are more than one reasons to acquire solar power as the ideal source of energy in business.
The above mentioned were some of the significant reasons why you must prioritise the need for installing commercial solar panels.
