Commercial Benefits of Going Solar
Renewable energy sources are on the rise in Australia, and more businesses are taking advantage of the benefits that come along with solar power. Not only can commercial solar have a major impact on your overheads, but it can also help your business reach new customers and plan for a future where the Australian Government phases out traditional power sources.
In this article, we’re going to take a look at some of the biggest benefits that come along with commercial solar power.
Reduce Your Expenses
One of the largest and most obvious benefits of solar is the effect on your bottom line. Modern solar panels are not only coming down in price, they’re much longer-lasting and more durable than ever, meaning the money you invest in commercial solar panels will provide returns for years to come.
Over the last 10 years, Australian energy prices have skyrocketed, and it’s seen many businesses opting for solar systems to control that expense. With most businesses operating during daylight hours, solar does an even better job of offsetting energy costs and reducing consumption at the most expensive parts of the day. Depending on your business hours and energy consumption, you could begin seeing returns from your investment as little as 3 years after installation.
Improved Green Credentials
Queensland is now producing more than 20% of its electricity from renewable sources, and that’s a big indicator of where public sentiment lies. Many companies are now joining the charge and seeing the benefits of becoming involved in a movement that has attracted more and more of their customers.
Corporate responsibility has become a major selling point, and studies have shown that three-quarters of consumers are more likely to shop at a company that supports issues they agree with. Investing in solar energy could be just one of the ways your business updates its corporate image, takes more responsibility for its practices and develops green credentials that attract new customers.
Make An Impact
Your customers are interested in renewable energy and reducing their carbon footprint, and many business owners share the sentiment. With commercial premises being some of Queensland’s biggest consumers, reducing power consumption through solar is one of the best things you can do to make a positive impact on the environment.
Access Government Incentives
The upfront cost of a commercial solar system may seem high, but the Australian Government is offering incentives to business owners who are willing to invest in renewable energy. Under the scheme, businesses that install solar panels are entitled to credits equivalent to the power the solar panels will produce between the date of installation and 2030. Most business owners allocate their credits to the system provider to reduce the upfront cost of the solar system.
Because the value of the credits depends on the amount of power they will produce over a set time period, the sooner you install a system the greater your discount will be. Incentives for smaller businesses are also set to be reduced and phased out after 2030, so getting in now is your best bet.
If you would like to access government incentives and put a dent in your business’ power consumption, installing a solar system is one of the best investments you will ever make. Get in touch with the friendly team at BSS Solar if you’d like to discuss your options or find out more information about the systems we can provide.