Commercial Solar Installations
Reduce your business energy costs and carbon footprint with commercial solar panels.
Protect yourself from rising electricity bills, whilst helping the fight against climate change
Why Go Solar?
Solar power is a logical choice for a wide range of businesses, from small family-run companies to large-scale enterprises. Companies as diverse as universities, colleges, schools, hospitals, or business parks can benefit massively from long-term investment in solar energy.
Ideally, the business should have ownership of the property or a lengthy lease agreement.
AIMING FOR NET ZERO
In the appropriate business setting, the solar system is likely to cover its own costs and be eligible for financing if required. Moreover, it will markedly enhance your company’s environmental footprint, a matter of growing significance in an era striving for net zero emissions.
The benefits of solar panels being installed in any commercial location are not only financial. It provides insurance in the event of a power cut, meaning your business can still operate due to backup power. At the same time, it can improve your reputation as locals know that your business takes the day’s environmental issues seriously.
Cost and financial returns
RETURN ON YOUR INVESTMENT
Rooftop solar panel installations generally come at a price ranging from £1,200 to £1,500 per kilowatt peak (kWp), contingent on factors like roof accessibility, roofing material, and pitch. For a 50 kWp system, the total cost falls within the £60,000 to £75,000 range, plus VAT.
A single kWp typically yields an annual savings of approximately £110, translating to £5,500 for a 50 kWp system, resulting in a payback period spanning 8 to 12 years. These panels have an expected lifespan of roughly 25 years, with one inverter replacement required within this duration.
The return on investment over 20 years typically ranges from 9% to 18% (IRR%).
The bulk of these returns materialises in the form of reduced electricity expenses. For a typical business, each kilowatt-hour (kWh) generated by the solar system holds an approximate value of 34p when utilised on-site and 15p when exported to the grid.
Over a 25-year period, factoring in panel degradation, a kWp generates an annual output of 750-900 kWh, totalling around 20,000 kWh over its lifespan. Consequently, the cost per kWh of solar energy amounts to a mere 6p per kWh, a notably cost-effective solution when compared to the escalating grid cost of 34p for the average business.