Yes, commercial solar panels can be a worthwhile investment for businesses. They reduce electricity costs, offer tax incentives, and demonstrate environmental responsibility. The payback period can vary but typically ranges between 2 to 5 years. By harnessing sunlight to generate electricity, businesses can significantly reduce energy costs, lower their carbon footprint, and increase property value. However, the return on investment depends on factors like location, energy consumption, and government incentives. It’s essential to conduct a thorough cost-benefit analysis before making a decision.
Solar panels can be an important asset to your commercial business, they can boost the value of your property, all whilst saving you money in the long run on utility costs. Commercial solar panels are bigger and more powerful than residential ones. They have more solar cells and can generate more electricity. Plus, they’re low-maintenance.
Here are a few reasons why you should consider having them installed:
Reduce Electricity Costs
Businesses can reduce their energy costs and potentially recover their initial investment within two to five years.
During sunlight hours, often between 7 am to 7 pm depending on the time of year, energy can be generated from the sun and utilised through a professionally installed solar panel system. As most businesses follow the 9 to 5 work day and operate mostly within daylight hours, energy will be drawn from the solar panel system and grid which in the long run will dramatically reduce electricity costs for your business.
Long-term Inverstment
Government Initiatives
Solar panel systems for commercial businesses are becoming more accessible than ever, with ongoing government support. Businesses may be eligible for tax incentives and rebates to help lower the upfront costs of installation.
These initiatives come in the form of finance options like ASM Money, a partner of Perth Solar Force, which provides brokerage options for the installation of commercial solar systems.
For commercial businesses installing a small-scale renewable energy system, like that of rooftop solar panels, they may be eligible for the Federal Government’s Small-scale Renewable Energy Scheme. By obtaining a small-scale technology certificate (STC), the STC are then redeemed for a dollar value that can be deducted off the cost of the system installation.
Large-scale Generation Certificates are for commercial systems over 100kW and are annually distributed. They act the same as the STC, offering a redeemable amount each year, however are not eligible for an upfront discount on costs and installation of your solar panel system.
Environmental Impacts
Installation of solar panels will reduce greenhouse gas emissions for your business making it a greener and more environmentally attractive option. Additionally, adding solar panels to the roof of your commercial property is a fantastic step in building your company’s corporate green image and achieving its sustainability goals.
Low Maintenance
Quality solar panels installed by a reputable solar company will often require very little maintenance for business owners. Most solar panels these days have a lifespan of approximately 25 – 30 years, making them a great investment for the future of your business.
Contact Perth Solar Force today for further information on how a commercial solar panel system may work for your business.