Over the last few years, electricity prices have drastically increased in Australia. It has increased the burden of expenses for businesses and forced them to look for better alternatives. And what can be better than switching to solar energy?
Since most businesses operate during the day, it is the perfect time to use the abundant sunlight to generate power and save electricity costs by a significant margin. You can also take advantage of the government rebates and make the most of your investment. Besides these, there are many more benefits of installing a commercial solar panel.
Even if the process looks hectic, you shouldn’t ignore the benefits of solar panels. If you are confused, check out these seven benefits of installing solar panels for commercial buildings and make the right decision.
What are the benefits of Solar Panels for Commercial Buildings?
Shifting into solar panels is not only about electricity or environmental savings. But it can also deliver many other benefits. Some of them include:
1. Cut down Business Operating costs
Australia pays one of the highest electricity bills in the world. This shows how difficult it is for a business to bear the electricity costs and still earn big profits.
The starting solar panel cost per kilowatt is less than the fixed electricity prices connected to the grid, so installing high-quality solar panels on the gold coast can reduce business operating costs. It is like paying almost 40 years of electricity bills in advance at a fraction of the cost.
The initial investment cost will be covered in a few years, and you will benefit from long-term savings and less to no electricity bill.
2. Faster Return on Investment
Solar energy is one of the best alternatives for businesses in Australia, yet they think of it as an expense due to the high installation cost. But the truth is, it can offer you a faster return on investment.
Low solar panel costs, government rebates, and tariffs make solar energy worth the investment. Small and big companies can easily apply for them. It can either cover your installation cost or provide money for energy surplus in the future.
In a way, installing commercial solar panels will provide an instant return on investment and saving in the long run.
3. Easy to Maintain
Solar panels are designed to offer maximum efficiency and require low maintenance. The solar panels come in tuff and tempered glass case with a non-corrosive aluminium frame, making them durable and robust. They can combat harsh weather conditions like wind, snow, or rain.
4. Creates Company’s Green Image
Modern-day customers and vendors prefer associating with businesses that contribute to the environment. Using sustainable energy sources will help you build a reputable image.
Solar systems will reduce CO2 emissions and give green credentials to your company. You can even use it to promote your company as a great marketing angle.
5. Boost Property Value
More and more people are shifting to alternative energy sources like solar panels on Gold Coast. Doing this helps increase the value of the property. You can also quickly get buyers in the future and sell your property at a premium price because people will want to enjoy the benefits of a solar-enabled property from day one.
Most businesses use traditional energy sources that release lots of fossil fuel and increase carbon emissions, but when you shift to solar energy, you can reduce your business’ carbon footprint.
For example, a commercial solar panel of 1kW can reduce around 1.5 tonnes of carbon emission.
7. Saves you from Future Electricity price hikes
As electricity prices continue to rise over the last few years and the future looks unpredictable, you shouldn’t be dependent on the traditional power supply. The best thing you should do is switch to a safer option that will reduce the electricity bills. Moreover, if your solar system produces extra energy, you can sell it to the central grid.
Installing solar panels is a big move for businesses. But if you are in Australia, it will be a beneficial step due to the multiple rewards you will get. A one-time investment in the solar system will help you cut down electricity costs for the following decades, build a reputable image, boost property value, and everything discussed above.
We hope these seven benefits will help you make the right choice. Don’t wait for electricity prices to go down; that is not happening anytime soon. Switch to smart options, and adopt solar energy.