Is it time to consider a solar solution?
The burden of growing costs and energy bills is being felt by businesses all around the UK. The new six-month cap on wholesale energy costs might be helpful momentarily, but a long-term fix might be required to protect your company against additional inflation.
One option that can offer appeasing advantages to companies of all sizes is to invest in solar panels. Along with the significant energy cost reductions, it can also help with your potential for additional income and reduce the carbon footprint of your company, which qualifies you for certain tax advantages.
Of course, utilising renewable energy has a significant environmental advantage and will contribute to meeting the UK requirements for 2030, as predicted by the national grid future energy scenarios (FES). We all must contribute to a greener and more sustainable future.
How much do solar panels save you?
Solar energy is significantly less expensive than utility-provided electricity. Even small businesses can profit from solar energy and save hundreds over the course of a 25-year lifespan of solar panels. However, it goes without saying that the more roof space you have, the more energy you can produce, and the more money you can save. It is essential to have a professional assessment performed on your property in order to precisely calculate how much energy may be produced using solar panels based on your specific location and roof size, all of which make a significant impact. For example, solar panel installations typically reduce electricity costs for warehouses by 40-80%, saving the industry £5 billion annually, which is amazing for businesses.
Maintenance costs are also relatively minimal as professional examinations are only required every 4-6 years. To ensure maximum effectiveness, just minor cleaning is required on a regular basis to eliminate dust/ debris. So overall, there are barely any costs after the initial investment is made.
How efficient are solar panels?
Everyday operations of your business can be made more efficient with solar panels. The efficiency ranges from 15-20% on average, but depending on the material they are built of it can go as high as 42%.
Monocrystalline panels are known to be the most efficient on the market but are also typically more expensive. However, their high-efficiency rating makes them more space efficient, so you need to buy fewer of them to meet your energy needs. Additionally, they function better in low-light conditions, which is ideal for UK weather.
How can you invest in solar panels affordably?
Many businesses are hesitant to invest in renewable energy due to the high initial expenses, despite numerous environmental and financial advantages. The planning buying and installations may all be done with finance, so you can enjoy all the benefits of the investment without having to restrict your cash flow, which is a solution that GSM can offer. We can assist you in creating a more efficient and sustainable business that benefits both the economy and the environment. Our affordable finance solutions enable you to invest in solar now and benefit from great energy savings. GSM has partnered with the UK's leading financial institutions, to offer competitive finance for solar panels.
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