As energy costs continue to spiral, many businesses are seeking sustainable solutions that will reduce their overheads and improve their environmental credentials. Investing in commercial solar panels is an effective way to achieve both of these goals simultaneously, which is why more and more Irish companies are turning to this renewable technology.
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This article explores some of the key benefits of investing in commercial solar panels, from reducing your carbon footprint to making significant cost savings, so read on to learn why making the switch to solar could be one of the best investments you make for your company&#;s future.
For businesses across Ireland, solar energy is becoming an increasingly viable and attractive alternative to fossil fuels.
In September , Minister Eamon Ryan announced grants of up to &#;2,400 for the installation of solar PV (photovoltaic) panels, heralding the next phase in the Government&#;s Micro-generation Support Scheme.
These grants are aimed at businesses, public organisations and community groups through the SEAI (Sustainable Energy Authority of Ireland). Any surplus energy generated by solar panels can be sold back to the national grid at a profit, allowing many business owners to recoup their initial outlay within a few years.
As a result, many companies see commercial solar panels as an attractive investment option and are adopting them across multiple industries.
According to a survey, 42% of Irish businesses would seriously consider investing in commercial solar panels provided they could sell excess electricity to the national energy grid. The survey found that the top three motivating factors were:
It is clear that businesses are becoming more interested in solar power, so let&#;s take a look at some of the key benefits of making the switch.
Commercial solar panels are typically exempt from planning permission in Ireland, making them an attractive option for business owners who want to avoid extra paperwork.
Commercial and light industrial premises can avail of the exemption for up to 50 square metres of solar panels, which is enough to generate around &#;3,500 worth of electricity each year.
Investing in solar energy sends a positive message about your company&#;s commitment to sustainability, which can help enhance your brand image and make you more attractive to potential customers and investors. This can also help you stand out from competitors who have yet to embrace renewable energy sources.
Installing commercial solar panels is a straightforward process that is typically completed in less than a week. What&#;s more, most of the work can be done with minimal disruption to your day-to-day operations.
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The SEAI has several grants and schemes that make it even easier to switch to solar power, such as the EXEED Certified Grant and the Accelerated Capital Allowance. These supports can cover up to 40% of the cost of installing commercial solar panels, which makes them an even more attractive option for businesses that want to reduce their costs.
Another major benefit of investing in commercial solar panels is the associated reduction in electricity overheads.
According to Capital Flow, Irish businesses can get up to 30% of their electricity needs from solar panels, which translates to savings of 35-40% on bills. That means more money left over at the end of every month that can be invested back into other areas of your business or put towards employee salaries or bonuses.
Given all these advantages, it is no surprise that commercial solar panel usage is rapidly growing in Ireland and providing tangible benefits, both economically and environmentally. For any business looking for ways to become more sustainable while reducing costs at the same time, investing in commercial solar panels is the way to go.
Commercial solar panels can transform your business in so many ways, from significantly reducing your bills to attracting new sustainability-conscious customers and investors.
At Alternative Energy Ireland, we believe that renewable energy is the key to a sustainable future and we are committed to providing the highest quality workmanship and customer care. Our passion lies in helping our customers to save money and make a real difference in the fight against climate change.
With advances in technology changing the way we think about energy and our impact on the environment, solar power will continue to play an increasingly important role in helping Ireland to meet its renewable energy targets.
To learn more about our commercial solar panels and to book a free feasibility study, get in touch with our dedicated team of experts today, and don&#;t forget to also check out our blog for the latest news, trends and developments in the world of renewable energy.
Commercial solar provides a great return on investment. According to the U.S. Energy Information Administration (EIA), in , the average commercial building spent $650.04 on electricity (likely on par with most small-to-mid-sized-businesses). Over a year, this equates to $7,800 in operating expenses. Over 20 years, your business will spend about $156,010 on energy costs.
Based on the same EIA dataset, the average commercial property consumed about 69,540 kWh of electricity in . Let&#;s assume your business installs a solar panel system that offsets 90% of this electricity consumption. Let&#;s also assume that your system&#;s production ratio (the ratio of its estimated energy output over time, in kWh, relative to its actual size, in W) is 1.4 (it typically ranges between 1.1 and 1.7 in the U.S., depending on your location).
How big of a system does your business need? Plugging in our numbers from above, we get:
System size (in W) = Annual consumption (569,540 kWh) * system offset (0.9) / production ratio (1.4)
This gives us a system size of 44,704 W or about 45 kW. According to our table above, a 45 kW system costs about $39,150, including the ITC and five-year depreciation with MACRS.
Over 20 years, your business will save about $101,259 in electricity costs with solar:
20-year savings = 20-year electricity costs ($156,010) * system offset (0.9) - upfront solar energy system cost including incentives ($39,150)
Beyond the direct financial benefits, installing solar panels can also help your business protect itself against electricity price volatility and inflation. In many states, the price of electricity can fluctuate significantly due to demand, creating a headache for business owners who closely manage their cash flow. With solar, your business can lock in electricity prices and reduce reliance on the unpredictable electricity market, making it easier to budget and plan for the future.
Contact us to discuss your requirements of 72 Cells Solar Panel Exporter. Our experienced sales team can help you identify the options that best suit your needs.