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How can solar benefit my business?

Energy costs are one of the major overhead expenses for a business. Moreover, relying on the electric grid makes you vulnerable to power outages and fluctuations in energy prices. Unanticipated price rises may bring imbalance and uncertainty to the organization’s revenue. A solar installation in Australia is a prudent decision as it adds solid consistent financial and environmental benefits to businesses of all sizes.

Solar power is a reliable source of electricity which has become more affordable in the last few years. Many top-quality commercial solar panels are now also quite cost-feasible and accessible for business owners in Australia. Electricity prices are always on the rise and installing commercial solar panels to combat price fluctuations makes great pecuniary sense. Businesses can enjoy various other benefits from solar power that we shall discuss here.

Advantages of solar for businesses

1) Overhead cost savings

Business management involves a wide range of expenses and every business owner seeks to cut down on overhead costs. Installing commercial solar panels significantly reduces the electricity expenses of the business along with providing many other benefits to the organization. It depends on your business’s energy goals, whether you want to reduce your reliance on the commercial power grid (and stay grid-connected) or remove it altogether by having battery storage backup or generator backup along with a solar installation. Any way you choose to go solar, you are going to drop your electricity costs by a considerable margin and keep enjoying substantial savings. A commercial solar panel installation also provides immunity from spikes in electricity prices to a business. Being price-protected gives the business more stability and helps in future planning.

2) Reduced grid reliance

Having commercial solar panels generate electricity for your business makes you less subject to power cuts and businesses can remain operational even if the grid is down. This is especially beneficial for businesses that require a continuous power supply and cannot tolerate lengthy power outages, like ones that require cold storage for example. Commercial solar panels promise a dependable power supply irrespective of what happens to your utility energy provider. A solar panel system can be paired with battery storage to further reduce reliance on the electric grid.

3) Sell excess energy to the grid

If your commercial solar panels generate more power than you can consume, and if your state allows net metering, you can sell your spare electricity back to the grid. This program lets you receive credits from the electric company and offset your energy usage from the grid resulting in increased financial savings on your energy bills.

4) Tax benefits

Solar tax benefits are probably the biggest premium of turning your business to solar power. The government supports your conversion to renewable solar energy and extends solar tax incentives and financial support schemes. These advantages are not limited to a specific size or type of commercial solar. It is an initiative by the government to encourage solar installations in Australia.

5) Environmental returns

While the upfront costs of a solar installation in Australia do seem high in the beginning, it makes the core of the business stronger in the long run. Lower to naught energy bills for years impacts the business’s financial health favourably. Apart from all the economic benefits that commercial solar panels add to your business, the environmental perks are awesome too. Exploiting renewable solar power for electricity is an indicator of your business’s dedication to sustainability efforts. This gets you more business as many consumers and other businesses want to be associated with organizations that have a green consciousness.

Conclusion

Whether you go fully self-reliant or partly self-sufficient with solar energy, you’re protected from power price inflation. And being independent of the commercial electric grid means that you are no longer at their mercy for price hikes due to supply shortages. Additionally, fossil fuel generation will become more expensive in the future as coal and gas power generation will be now more regulated on emissions and carbon footprint, making solar power the most preferred source of energy. If you are thinking about changing to solar power, wait no more for government rebates and incentives are still thriving.    

Get in touch with Solar Power Nation for great deals on the most efficient residential and commercial solar panels and inverters in Australia.

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