Installing solar power can yield a powerful business advantage by lowering operating expenses and boosting profitability
The unpredictable cost of grid electricity can be a substantial drain on a business’s bottom line. It can also make forecasting energy spend very difficult. As a result, more and more businesses are capitalizing on the financial opportunities of solar power.
With photovoltaic (PV) panels installed at your facility, the amount of expensive electricity your tenants require from the utility grid is eliminated or reduced. Solar PV panels generate electricity on-site, using clean and free sunshine, lowering your reliance on the grid. This allows your business to reduce its operating costs. With lower business expenses, you’re able to keep a much larger portion of revenues as profit.
In other words, going solar can dramatically improve your bottom line. But the benefit of commercial solar power doesn’t stop there.
Better still, your energy revenue from solar can only grow over time. By installing solar PV panels, your business enjoys immediate utility bill savings – and thus, immediately higher profits. This is due to utility rates which keep trending upwards – even with oil prices at historic lows and natural gas capacity at an all-time high.
By contrast, sunshine remains the same price forever. It’s as free today as it will be 5, 10, or 25 years from now. While some businesses may struggle to keep up with rising grid prices, businesses installing solar are tapping into an abundant energy source that helps shield them from future rate increases. This is a powerful competitive advantage – especially if you operate in an industry with narrow profit margins.
By installing solar power to provide sustainable electricity for your residential properties, you benefit from immediate utility bill savings that only grow with time. Installing a storage solution alongside your solar PV installation can further maximize your energy savings, boost resilience against utility prices, and further your competitive advantage. Then factor in the benefits of participating in the Feed-In-Tariff and you’ve created a revenue stream.
Every day, you could be drawing on a natural and sustainable resource to power your business and reduce reliance on the grid. A solar PV system enables you to generate your own electricity onsite by converting the power of the sun into 100% renewable electricity, helping you meet your corporate sustainability goals. As solar power does not have any pollutants or carbon emissions, you will significantly reduce your impact on the environment.
Combining Solar and Storage results in an integrated solution providing relief from ever-increasing demand charges and the opportunity to monetize your energy. The addition of storage provides flexibility and reduces energy spend when it is at its most expensive during peak hours.
· Solar Saves Your Tenants Money On Their kWh Energy Charges
· Storage Saves You Money On Your kW Demand Charges