Whether you have a small or large business there are compelling reasons to invest in this technology. It is inevitable that energy costs will rise, and many businesses are looking at ways to not only reduce costs, but to reduce their carbon footprint too.
Businesses across all sectors have already invested and received big savings by installing solar panels on the roof of their commercial premises or by utilising spare land.
Commercial solar panels can make a huge difference to your business by generating free, green electricity that can be used to reduce your overall reliance on power from the grid, therefore avoiding ever increasing wholesale market costs. Not only can it lower your electricity bill, but did you know you can also sell electricity that isn’t used back to the National grid? This can boost your business income, especially for those larger businesses that have spare land or enough roof space to house solar panels to achieve a further return on investment.
Energy companies are keen to purchase excess electricity from businesses, in particular when the grids under its highest strain, such as between 4-7 pm on weekdays or when local plants are down. Once your required export meter is in place, it is simply a matter of agreeing a contract with one of the many energy companies. They can buy your clean energy in the form of a Power Purchase Agreement (PPA) at wholesale rate, to then sell on to their customers at the prevailing retail rate.
Solar is already the world’s fastest growing energy technology. Today’s average commercial solar panel converts 17-19% of the light energy hitting it to electricity. This is up from 12% just 10 years ago.
If you would like further information on the above, or already have a project in mind that you need help with, give Credo a call. We have specialists in the renewables sector that can answer your questions and bring your project to reality.
Call 01603 381955 or e-mail sales@credoassetfinance.com