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How to Save Money with Commercial Solar Power?

October 12, 2022

You can reduce your company’s operational costs and stay green by switching to solar powered energy. But how? Commercial solar power is not exactly a cheap alternative, as you will need to invest in it in order to qualify for substantial tax breaks and energy cost savings. However, with the right set-up and smart investments, installing commercial solar panels can be profitable and beneficial. It all depends on your circumstances and how much money you are willing to invest in this project. Read on to learn more about the financial implications of commercial solar panel installations

What is Commercial Solar Power?

Commercial solar power is the use of photovoltaic (PV) panels to generate and distribute electricity. PV systems can be used in both residential and commercial settings, depending on their size and capacity. There are various types of commercial solar systems, each with their own advantages and disadvantages. When it comes to commercial solar, the most common types of systems include grid-connected solar power, off-grid solar power, hybrid solar power, and community solar.


When Can a Company Benefit from Installing Commercial Solar Power?

Commercial solar power can be beneficial for any company that consumes a lot of electricity or uses energy-intensive assets. Solar energy is clean and emission-free, meaning that it can reduce your company’s carbon footprint and maintenance costs. Additionally, solar panels generate clean energy that is not sourced from fossil fuels, so you can save a lot of money on fuel and electricity bills. In certain situations, commercial solar power can also help you gain extra revenue. Learn 3 ways solar energy can revolutionise your business

Save Money with Commercial Solar Power

Is Installing Commercial Solar Power Worth the Investment?

Yes, commercial solar power is definitely worth the investment. The initial investment in commercial solar power will be paid off after a number of years. In fact, you can expect to see a positive return on your investment within 7-10 years, depending on your location and set-up. You can lower the costs associated with installing commercial solar panels by purchasing energy-efficient assets or installing energy upgrades. You can also qualify for tax breaks that will split the initial investment between you and the government.


How to Save Money with Commercial Solar Energy?

If you want to save money with commercial solar power, you will need to set up a solar lease agreement or a solar purchase agreement. In a solar lease agreement, you pay an amount each month towards the cost of installing and maintaining the solar panels. You will then receive the energy generated from the panels. A solar purchase agreement is a more expensive alternative to leasing panels, as you will pay upfront for installing solar panels on your premises. A solar purchase agreement is particularly beneficial if you own commercial real estate, as you can save money on your property taxes by reducing your energy costs.

 

Conclusion

Commercial solar power is a growing industry that will only get more popular as the demand for clean energy increases. It can be a great investment for large companies that consume a lot of electricity and use energy-intensive assets. While commercial solar panels are a significant upfront investment, they can quickly pay for themselves and save your company a lot of money in the long run. Speak to the specialised commercial solar division at Perth Solar Power Installations to learn more about your next solar install.

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