Commercial solar PV panels are becoming more and more popular as businesses look for ways to save money and become more environmentally friendly. But is it worth the investment? In this blog post, we will discuss the benefits of using commercial solar PV panels and how they can benefit your business. We will also explore some of the drawbacks of installing a solar panel system and what you should consider before deciding. Undoubtedly, commercial solar PV panels are among the most profitable investments you could invest in by 2021. Solar energy is currently one of the least expensive sources of electricity available around the globe which allows you to access the most cost-effective power source for your business at a lower price. You could also earn money back from the amount you can save on energy costs. It alone is proof of the value of commercial solar panels can be. But let's look at some options for commercial solar panels before any investment is made.
Are commercial solar PV panels worth the investment?
Commercial solar PV panels are a huge investment with a lot of upfront costs. But, they offer a lot of benefits that can save you money in the long run. A typical commercial PV system can pay for itself in as little as five years and generate significant savings over its 25- to 30-year lifespan. In addition to the financial benefits, commercial PV systems can help to improve a company's environmental footprint and contribute to a cleaner, more sustainable grid. Commercial solar PV panels can also help to reduce your business's carbon footprint and make your company more environmentally friendly. They can also qualify your business for state and federal tax incentives and utility rebates. As a result, commercial solar PV panels offer a great way to save money and help the environment. As the cost of renewable energy continues to fall and public awareness of the climate crisis grows, it's likely that commercial PV systems will play an increasingly important role in meeting our energy needs.
How solar energy can benefit your business
As commercial and industrial businesses strive to become more sustainable, many are turning to solar power to reduce their carbon footprint. Solar energy offers a number of advantages for businesses. Here are some of the ways how solar energy can benefit your business:
Financial Benefits of Commercial Solar PV Panels
It helps reduce operating expenses. As any business owner knows, operating costs can quickly add up. From utilities to office supplies, there are a lot of expenses associated with running a company. However, there are also ways to reduce those costs. One way is to switch to solar energy. Solar panels can help to offset the cost of traditional forms of energy by generating electricity from the sun. Solar energy can be used to power lights, computers, and other devices in the office, which is a smart move for any business owner who is looking to reduce expenses.It protects your business from changing utility rates. Commercial solar PV systems are a great way to protect your business from rising utility rates. Solar energy is a free, renewable resource that can be used to generate electricity. Once you've installed a solar PV system, you'll be able to offset a significant portion of your utility bills. Installing a Solar PV is a great investment for any business owner who wants to save money and hedge against future rate increases.
Environmental Benefits of Commercial Solar PV Panels
It makes your company a green business. Electricity generation through solar energy means your business makes use of less fossil fuels which reduces pollution and greenhouse gas emissions. When you switch to solar power, your company is doing its part to combat climate change and decrease our dependence on energy sources from abroad. Being a green business will also be an effective marketing tool and positive public relations. Studies show that 85% of consumers have embraced 'greener' with their purchases in recent years. More people base their purchasing decisions on the companies' environmental responsibility nowadays.
Commercial Solar PV Installation Costs
The typical cost of solar panel installation in Ireland can range from €6,000 to €17,000. The amount will be contingent on the specifics of your building structure in particular. The roof's area and angle will play a significant role in determining the price.It's important to know that the cost of a commercial solar PV installation can vary depending on the size and location of your business. For example, a smaller business in a rural area will have different costs than a large business in an urban area. The price of solar panels also depends on the amount of energy you need for your business. Additionally, solar installers must visit the site to determine the number of solar panels your building requires and inspect if the structure can hold the solar panels. Before purchasing solar panels, you should determine what you could save. To determine your potential savings, examine your electric bills, estimate sunlight exposure, and look at solar PV costs.The average cost of installation for commercial solar PV panels is around €11,000. However, this cost can be offset by government grants and incentives, as well as the savings you'll make on your energy bills.
Is there government support for businesses in Ireland?
There are a variety of grants for SMEs and commercial enterprises to help businesses install solar panels. The Accelerated Capital Allowance (ACA) is an incentive to tax companies that pay Irish corporation tax and who invest in energy-efficient new equipment. The ACA allows businesses to deduct 100% of the cost of eligible energy-efficient equipment against their profit for the year they purchased it. It is in contrast to 12.5% for non-eligible equipment and machinery.The Minister of Communications, the Environment, Climate and Communications, Eamon Ryan, has announced just this year the new government support that can reach up to $2400 to be used for the installation of solar PV (photovoltaic) panels for public institutions, private companies, and community organizations. This new grant scheme is under the Sustainable Energy Authority of Ireland (SEAI). With the current high electricity price, businesses could anticipate saving up to $3000 per year from solar PV systems that are that is subsidized under this program.
Commercial Solar PV Panels Installation by Ecoplex
As a business owner, you're always looking for ways to reduce costs and increase efficiency. Now that you already know how solar energy can benefit your business, the next step is to install commercial solar PV panels. Here at Ecoplex, we specialize in helping businesses install solar PV panels. We'll work with you to determine the best placement for the panels and make sure they're installed properly. We also offer maintenance and repair services to keep your panels functioning properly for years to come.Solar PV panels are a wise investment for any business. They can help you save money on your energy bills and make your business more environmentally friendly. And when you work with Ecoplex, you can be confident that you're getting the best possible service. Contact us today to learn more about our commercial solar PV panel installation services.
