Investing In Solar Panels
For UK businesses, there is no better time than now to consider investing in commercial solar panels to produce energy for your business premises.
Recent government legislation has been introduced with the aim of reduce UK CO2 emissions by 80% by 2050, and in order to achieve this a range of schemes to support the use of renewable energy sources have been introduced. As a result, the use of solar panels has risen from virtually zero in 2010 to 2.5GW across the UK. What’s more is that the government aim to increase solar panel use in the UK by another 20GW by 2020. So what does this mean for your business? Click commercial solar panels to find out more information and fulfill your solar panel needs.
Solar panels have long been thought of as an ‘investment’ for a business premises rather than a sound business option. However, with the UK government being so intent on improving our use of solar panels and other renewables, they are now offering financial incentives to encourage people to install their own panels. In fact as of 2015, the UK Government has vowed to spend £7.6 billion per year towards renewable technologies such as solar panels by 2020. Capitalising on these resources, especially as a business, is not only easy but also beneficial to the environment and is a key consideration towards improving the well being of the planet as well as your businesses profit margins.
Funding schemes are also specifically of interest to businesses because installation of a large solar panel system may present a large initial cost, however with government subsidies and loans this amount can be reduced dramatically.
In addition, the government is also providing payments called ‘generation tariffs’ to people who generate their own electricity. For business owners this means that money can be earned by simply having solar panels and considering the scale of solar panel systems that some businesses can support – these earnings could be substantial.
As if that were not enough, another government scheme pays an ‘export tariff’ which provides payments of £0.485 per unit of electricity that is produced and unused. For businesses that install enough solar panels to exceed their requirement for electricity, this could produce a pure profit income that presents no generation costs beside the initial installment.
The Green Deal is yet another option available to businesses. This is a world first government scheme, which provides funding towards property owners to improve the energy efficiency of their property without upfront costs. Instead, the payment is made through the expected savings in their energy bills from using technology such as solar panels meaning that the costs of installing a solar panel system are massively reduced.
Thanks to my power for providing us with this insight.
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