Solar Panels For Your Commercial Property in Essex? Why It’s A Good Idea. Essex Solar Panel Installers.
Solar energy is one of the most abundant and clean sources of power in the world. It can be harnessed by using solar panels, which are devices that convert sunlight into electricity. Solar panels can be installed on rooftops, ground-mounted systems, car parks, or even floating structures.
Commercial properties, such as offices, factories, warehouses, shops, schools, or hospitals, can benefit from installing solar panels in many ways. In this article, we will explore some of the main advantages of solar panels for commercial properties in Essex UK, based on the latest data and research.
Cost Savings
One of the most obvious benefits of solar panels is that they can reduce the electricity bills of commercial properties. According to GreenMatch, a medium-sized commercial solar array of 30 kWp (kilowatts peak) can cut the electricity bills by £5,400 per year. This is because solar panels generate free, green electricity during daytime hours, lowering the demand for energy from the grid.
Moreover, solar panels can also provide a source of income for commercial properties. Under the Smart Export Guarantee (SEG) scheme, businesses can sell any excess electricity they generate to utility companies at a fixed rate. The SEG rate varies depending on the supplier and the time of day, but it can range from 1.5p to 5.6p per kWh. This means that a 30 kWp system could earn up to £1,680 per year by exporting electricity to the grid.
Another way that solar panels can save money for commercial properties is by reducing their reliance on fossil fuels and protecting them from price fluctuations. The cost of electricity from the grid is expected to rise in the future due to increasing demand and environmental regulations. By generating their own electricity from solar panels, businesses can avoid these price hikes and enjoy more financial stability.
Lower Carbon Footprint
Another benefit of solar panels is that they can help commercial properties reduce their carbon footprint and environmental impact. A carbon footprint is a measure of how much greenhouse gases a business emits into the atmosphere through its activities. Reducing the carbon footprint is important for mitigating climate change and preserving natural resources.
Solar energy is renewable and carbon neutral, meaning that it does not produce any harmful emissions or contribute to global warming.
According to Energy Saving Trust, a typical 4 kWp solar panel system can save around 1.6 tonnes of carbon dioxide per year compared to conventional electricity generation. For a larger 30 kWp system, this would amount to 12 tonnes of carbon dioxide per year.
By switching to solar energy, commercial properties can demonstrate their commitment to green and sustainable practices and improve their corporate social responsibility. This can enhance their reputation and brand image among customers, investors, employees, and stakeholders.
It can also help them comply with environmental regulations and standards, such as the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) or the Energy Savings Opportunity Scheme (ESOS).
Low Risk Investment
Another benefit of solar panels is that they are a low-risk investment that can provide a high return over time. Solar panels have a long lifespan of 25 years or more and require minimal maintenance. They are also durable and resistant to weather conditions and vandalism.
The initial cost of installing solar panels can be recovered within a few years through savings and income from electricity generation and export. According to The Eco Experts, the average payback period for a commercial solar panel system in the UK is 7 years. However, this can vary depending on the size, location, orientation, and efficiency of the system.
The return on investment (ROI) for solar panels can be calculated by dividing the annual savings and income by the initial cost of installation. The ROI for a commercial solar panel system in the UK can range from 10% to 20%. This means that for every £1 invested in solar panels, businesses can expect to earn £0.10 to £0.20 per year.
To make solar panels more affordable and accessible for commercial properties, there are various financing options available, such as loans, leases, power purchase agreements (PPAs), or green bonds. These options can help businesses spread the cost of installation over time and benefit from tax breaks and incentives.
Energy Security
Another benefit of solar panels is that they can enhance the energy security and resilience of commercial properties. Energy security refers to the ability to access reliable and affordable energy sources without disruption or dependence on external factors.
By generating their own electricity from solar panels, commercial properties can reduce their dependence on the grid and avoid power outages, blackouts, or brownouts that can affect their operations and productivity. They can also avoid potential conflicts or disputes over energy resources or supplies in the future.
Furthermore, solar panels can also improve the energy efficiency and performance of commercial properties. Solar panels can reduce the heat gain and loss through the roof, which can lower the cooling and heating costs and improve the thermal comfort of the building. Solar panels can also provide shading and protection for the roof, extending its lifespan and reducing maintenance costs.
Conclusion
Solar panels are a smart and sustainable choice for commercial properties in Essex UK. They can provide multiple benefits, such as:
Cost savings: Solar panels can reduce the electricity bills, provide income from exporting excess electricity, and protect from price fluctuations.
Lower carbon footprint: Solar panels can reduce the greenhouse gas emissions and environmental impact of commercial properties.
Low risk investment: Solar panels can provide a high return on investment over time and have various financing options available.
Energy security: Solar panels can reduce the dependence on the grid and improve the energy efficiency and performance of commercial properties.
If you are interested in installing solar panels for your commercial property in Essex, you can contact SolarQuote. SolarQuote will put you in contact with the top-rated solar panel installers in Essex.
They will provide you with a free quote and consultation, as well as expert advice and guidance on the best solar panel system for your needs.
Please note figures, savings and systems quoted may not be relevant to your exact property or location. You are strongly advised to contact your local authority and consult a professional solar system technician before making any financial decisions.
References 2023: Geogreenpower, Greenmatch, Energy Savings Trust, The Eco Experts.
