Why using Solar PV for business makes financial sense

Why using Solar PV for business makes financial sense

Using a Solar PV System on commercial buildings is an effective way of reducing your electricity costs, while benefiting from an income from the Feed-in Tariff (FiT).

As energy costs continue to rise, with above inflation price increases common in recent years, it’s more important than ever for commercial businesses to evaluate ways to reduce their overheads. Solar PV for businesses helps to provide a sustainable, independent source of energy while simultaneously offering prolonged financial rewards.

Solar PV for your business

Solar PV is a great way for your business to generate its own electricity and get financially rewarded for all of the energy created. If you have a factory, office or shop, then using effective business cost reduction strategies to harness the free electricity generated by a Solar PV System will help to improve profitability. Solar PV systems are ideal for businesses that want to positively contribute to the environment while making a profit by doing so. 
 

Thanks to the Feed-in-Tariff scheme from the Government (FiT), companies could be generating additional income, as well as making savings on their current electricity bills. Demonstrating your environmental credentials to customers also helps to improve brand positioning and customer perception.

Advantages of Solar PV for your business

Implementing solar photovoltaic systems within commercial buildings is an effective way of keeping your electricity costs down. More and more businesses every year have decided to go solar because it’s good for the environment and makes financial sense. Other advantages include:

  • Reduce your operating costs
  • Lock-in energy bill savings for years to come
  • Reduce your carbon footprint

How do Solar PV systems work?

Solar PV cells convert light into electrical power. They are made of a thin silicon wafer which is specially treated to form an electric field, positive on one side and negative on the other. When light energy strikes the solar cell, electrons are knocked loose from the atoms in the semiconductor material. If electrical conductors are attached to the positive and negative sides, forming an electrical circuit, the electrons can be captured in the form of an electric current. Solar panels only need light to work, and will still function on cloudy days. You will generate approximately 15% of the energy on a cloudy day compared to a sunny day at the same time of year.

The voltage produced by a single Solar Cell is relatively small, which is why several, typically 60, are linked together to form a module with a significant voltage. They also produce Direct Current (DC) electricity rather than the Alternating Current (AC) electricity used in our homes and businesses, so a device called an inverter is used to convert the DC electricity into AC electricity.

Thinking of installing Solar PV for your business?

Solar PV for businesses is becoming more and more common, and is an effective way to produce the energy you need in a more environmentally friendly way. If your business is looking for Solar PV systems that can help reduce its carbon footprint and produce a profit while doing so, contact Rexel Energy Solutions today on 0208 596 7483