Energy prices are one of the most consistent frustrations for business owners in the United Kingdom. Whether you are operating a warehouse, retail unit, or an office building, energy prices always seem to rise every year. In comparison to other energy consumers, the commercial sector seems to be most affected by the annual increases in energy prices. While commercial solar panels won’t eliminate your business’ energy expenses, for many, solar panels are a viable option to mitigate some of the costs.
What Do Solar Panels Do?
At the most fundamental level, solar panels convert sunlight into electricity. The electricity generated by the solar panels equals the amount you would normally pay the energy supplier, therefore, the more you generate, the more money you save. Commercial buildings tend to have larger usable rooftop space so larger solar panel installations can be done. This creates the opportunity for greater savings.oods are safe.
Most solar generation happens when businesses are also open. For example, an 8am-5pm factory can use energy from solar panels during operating hours. This is why solar is typically more effective for businesses than homes. This is called energy alignment.
Numbers in Commercial Solar Energy
Output is based on 3 factors like roof orientation, panel specs, and size. However, an adequately equipped commercial solar system can offset 30% and 70% of daytime energy usage. This is significant for businesses that spend thousands on energy.
Keep in mind the Smart Export Guarantee. If the solar panels create excess energy, it can be sent back to the grid. Energy suppliers are required by law to buy it. While it won’t make you a millionaire, excess generation won’t be wasted
Payback Periods and Long Term Value
When we talk about commercial solar installation in the UK, the cost depends on the site-specific requirements and system size. However, the average payback periods are between 5-10 years. After this time, the electricity generated by the solar panels is basically free. Quality solar panels have a performance warranty of 25 years so you can enjoy the savings for a long time after recouping the initial investment.
After the initial investment is recouped, the savings can become even more significant over time because of fluctuating energy prices. With costs of electricity supply remaining zero for a part of the electricity you purchase, you are protected from the steep increases (wholesale price shocks) that have occurred recently.
Why Businesses are Investing in Commercial Solar Panels
Though there are more advantages to commercial solar, the financial aspect tends to receive the most focus. Showing a commitment to lowering carbon emissions is becoming more important to customers and supply chain partners. Having solar panels on the roof of your commercial building can enhance your sustainability efforts, and help achieve your ESG goals without requiring complex organisational change.
There are also possible implications of business rates regarding solar installations that have occurred in England and Wales and have been changing recently. It would be wise to get more present and applicable advice for your type of business and your location.
Frequently Asked Questions About Commercial Solar Panels
How much do commercial solar panels save energy bills?
Approximate savings cannot be given at an individual level as system size and energy usage varies. However, as an example, with a designed solar system, businesses can achieve savings of 30% to 70% off of daytime electricity bills.
Do commercial solar panels expire?
Although commercial solar panels can have a powerful warranty of around 25 years, the energy savings will last as long as the system is paid off.
Who Installs Commercial Solar Panels fro Businesses
It’s important to work with an experienced contractor who understands both solar technology and commercial electrical systems. Companies such as CAM Electrical provide commercial solar panel installation services, helping businesses design and install systems that are tailored to their building and energy requirements.
If you have any questions about Commercial Solar Panels, please get in touch with CAM Electrical. Our expert industrial electricians will be able to advise you and provide you with a bespoke solution to fit the needs of your industrial or commercial space.
Leave a Reply