The Future of Solar Panels in Business – 8 Reasons Why Businesses Should Invest in Solar Panels

the future of solar panels and wind turbines

Are you looking for ways to make a difference in your business? Switch to solar panels and experience the change! Solar can be the best option if you search for energy-efficient methods to expand your business. You can be the trendsetter by reducing the cost of electricity bills and increasing your profit margins more than your non-green competitors. 

But switching to solar is a long-term investment. Before stepping into it, you need to know every detail about this crucial necessity. Here is where The Renewables Centre can help you with. Read our blog to understand everything about solar panels for business and how this helps you thrive in 21st-century business. 

What are Solar panels?

Solar Panels, also known as Photovoltaic (PV) panels, convert sunlight directly into electricity. It consists of multiple solar cells made from many layers of semiconducting material (silicon). When light strikes the solar panel, electricity is generated, which can be used to power your home and business. 

A solar panel typically include the following:

  • Solar cells
  • Modules or panels 
  • Frame
  • Glass cover
  • Backsheet
  • Wiring and Connectors

Types Of Solar Panels For Business

Two main types of solar panels for business are:

  1. Monocrystalline Solar Panels

These are known for their high efficiency and smooth appearance. As the name suggests, they are made from a single crystal structure. This allows them to convert sunlight into electricity with high efficiency. These are the popular choice of solar panels for businesses because of their ability to generate more power in a limited space. 

Talk with our team about installing monocrystalline solar panels for your commercial buildings. 

  1. Polycrystalline Solar Panels

Polycrystalline solar panels are less efficient but more affordable than monocrystalline solar panels. These are the primary choice when the budget is a concern and for businesses with larger available roof spaces. 

Contact us today to learn more about this cost-effective way to harness solar energy for commercial purposes.

Factors Contributing To The Installation Of Solar Panels For Business

When considering the installation of solar panels for business, it’s essential to conduct a thorough assessment of the following factors.

  • Roof size -As mentioned above, the size of your roof is one of the most important factors, as it is key which determine the number of panels that can be installed. 
  • Roof stability -Never forget to assess the roof stability. Look at whether it can withstand solar panel weight and the angle. 
  • Consumption of electricity -How much electricity your business needs is directly linked to energy consumption and use. This can be reviewed through electricity bills, energy consumption, and half-hourly data (usually calculated in kilowatt-hours(kWh). 
  • Sunlight in the area -The energy solar panel can generate depends on hours of sun in the particular area, which may vary for different regions in the UK.

Collaborating with The Renewables Centre – the solar energy experts can help businesses make informed decisions that align with your objectives and provide long-term benefits!

8 Benefits Of Installing Solar Panels For Business

Solar panels offer many benefits for your business -both on large and small scales. It has become necessary in the present world to switch to solar panels fuie to the rising energy costs. Some o the most important benefits of solar panels for business include:

  • Cost savings -Switching to solar panels allow businesses to generate their own electricity, resulting in a significant reduction in electricity bills.
  • Energy independence -Solar panels for business enhance energy security. They are less vulnerable to energy price fluctuations and supply disruptions as they generate their power. 
  • Long-term stability -They remain stable for many years due to their longer lifespan and minimal maintenance.
  • Reduced carbon footprint -Solar energy is clean and renewable, helping businesses lower carbon emissions and contribute to environmental sustainability.
  • Resilience and Business Continuity -Solar panels can continue even during power outages, so they ensure critical operations when the grid is down. 
  • Return on Investment (ROI) – Roof Top Solar panel installations are investments with attractive returns, as solar technology costs continue to decrease while energy prices fluctuate.
  • Tax Incentives and Rebates -UK government offers your business tax incentives, grants, rebates and other financial benefits, lowering upfront costs. 
  • Positive Brand Image -Solar energy for business demonstrates a commitment to sustainability, enhancing a business’s reputation among environmentally conscious customers and stakeholders!

Cost-Effectiveness Of Installing Solar Panels For Business

Commercial solar panel costs vary based on system size and location. Small- to medium-sized businesses can expect to pay between £10,000 and £50,000. Excluding VAT, estimated costs for various system sizes are approximate:

  • 10 kW -£ 10,000 to £13,000
  • 20 kW -£20,000 to £25,000
  • 40 kW -£50,000 to £55,000
  • 50 kW -£60,000 to £62,000
  • 60 kW -£70,000 to £75,000

For businesses using 30,000 – 50,000 kWh annually, these costs reflect the investment’s potential to generate sustainable energy and long-term savings.

Illuminate Business Futures with Solar Panels

Investing in solar panels for business is a wise move. But it requires a lot of planning and effort. As solar technology costs significantly decrease, businesses stand to gain substantial financial advantages. The change is evident from a small to medium business enterprise, with each kilowatt generated contributing to a greener and more resilient business landscape.

To learn more about sustainable energy, discuss with our team at The Renewables Centre today and illuminate your business path toward a future that blends innovation and environmental sustainability!