If you're looking to reduce your business's overheads by cutting utility bills, safeguard it from rising energy costs and capitalise on current government financial incentives, then choose solar photovoltaic panels. Solar panels are an intelligent and eco-friendly investment.
Solar photovoltaic panels harness light to generate free, low-carbon electricity to power your business. In addition to the savings this will make on your utility bills, you can earn an additional income for your business with the Government’s Feed-in Tariff.
How solar panels can benefit your business
Solar photovoltaic panels can significantly reduce your business's electricity costs, as each unit of electricity your system generates that is used is a unit less that you previously would have paid for. Typically, businesses are able to reduce their electricity costs by about 60% when incorprating solar into their environmental strategy. We have helped many Yorkshire businesses reduce their energy costs and generate an additional income with Solar panels, read more about their experiences here.
Protection from rising energy costs
The Department of Energy and Climate Change anticipates electricity costs to rise considerably for businesses - you can protect your business against rising costs by generating your own electricity, and the amount you save on energy bills will increase in line with energy costs rising.
Get paid for the electricity generated
The UK Government's Feed-in Tariff is a payment your business will receive for the electricity your system generates. The payments are guaranteed for 20 years, locked-in at the rate you sign up for upon installation, which may increase in line with the retail price index. The Feed-in Tariff can provide an excellent return on your investment, typically of 9% annually (when combined with electricity bill savings).
Preserves the environment
The sun is a sustainable energy source. Switching to solar energy helps to reduce pollution, lessen our dependence on finite fuels and reduce your CO2 emissions. Communicate your sustainability principles and improve your green credentials to impress customers and stakeholders.
How they work
Each solar panel is made up of cells, which are constructed from layers of semiconducting materials. When light hits a cell, this creates an electric field across the layers. The stronger the light, the more electricity is produced. The electricity is converted from direct current to alternate current for use in your property by an inverter, a control box which is usually situated in a loft space.
Your return on investment
Based on current installation costs, our customers typically earn 9% annual return on their initial investment.
Anticipated Annual Income and Savings for a south-facing 4kWp system
Anticipated Return on Investment Over 20 Years
Income from generation tariff:
(4.39p per kWh)
Income from export tariff:
(4.85p per kWh)
Annual Savings on Electricity Bills:
(10p per kWh, presumed 60% annual savings on electricity bills)
Total Annual Benefit:
Annual Return on Investment:
Including electric bill savings
Of course there is no need to stop at 4kWp. Businesses generally have larger roof spaces and larger daily electricity consumption. With Solar you have the flexibility to the size of system that suits you best. We have installed systems as large as 30kWp for our business customers. You can read their stories in our case studies.
*Figures correct as of 8th February 2016 and reflect current energy tariffs and the current Feed-in Tariff rates, based on the anticipated generation levels of a south-facing system with 16 x 250 watt panels (a 4kWp system).
How it works
Each panel is constructed of cells, which are made up of one or two layers of semi-conducting materials, usually silicon. When light shines on a panel, this creates an electric field across the layers. The stronger this light is, the more electricity is produced. The strength of a solar photovoltaic panel is measured in kilowatt peak (kWp), which is the amount of energy that the cell generates in full sunlight. A basic 4kWp system consists of 16 x 250w panels.
If you are interested in solar photovoltaic panels or require more information, please contact us for a free estimate or a free, no-obligation survey - you can speak to one of our Energy Team, who are trained to offer you the most up-to-date and accurate information.