Why Should a Small Business Go Solar?
Go Solar - Go Green!
A small business has many challenges like improving its business performances and meeting all the objectives. Among the different overhead costs faced by the business, the cost of electricity can add to the increasing expenses.
This calls for our attention to have a better budget management system and cutting down on expenses. Maybe it’s time to reduce the power load by switching to eco-friendly and cost-effective solar energy.
After all solar energy is not only a reliable choice for a small business, but it is also becoming a necessity for evolving a greener planet.
Overview of Solar Energy for Small Business
Solar energy is the best move a company can make towards its future growth. Installing the solar panels in the roof will significantly reduce the energy consumption by lowering the monthly energy bills of the company.
The initial cost of investment will be slightly on the higher side, but it’s worth all the price paid for offering an affordable energy solution every month. This initiative will also help to show the company’s reputation is a good light for taking environmental initiatives.
It can eventually make your small business competitive and can result in customers preferring your organisation over the others.
Benefits of Installing Solar Panels
1. Reduce Energy Costs
The worst nightmares for small businesses can be the increasing electricity cost that keeps rising every year. There are so many appliances and instruments that a company has to use for a smooth operation of the work processes. However, it consumes a substantial amount of electrical energy that ends up making the business owner pay heavily for it.
This is where adopting solar panels can resolve the issues. Solar power is like a gateway that reduces utility bills to a great extent and allows saving the budget of the company.
2. Returns on Investment
The investment costs on solar panel instalment may seem high in the initial days but it paves off in the long run. This investment will eventually help to improve the bottom-line of the business. Depending on the size of the panel it can pay off in a couple of years and the utility bills are lowered or almost zero.
Today, businesses of different sizes are realising that installing a solar panel system is key to achieve guaranteed financial returns for the company in the coming years. The returns are also in the form of a sizeable customer base that gets attracted to the company for adopting sustainable practises for the environment.
3. Energy Independence
Energy independence from the commercial supply is another significant reason for converting into solar energy. Saving a substantial amount of overhead costs gives an assurance that a small business doesn’t have to rely on electric supply regardless of what happens to the power grid. The solar system is self-contained so it reduces dependency on the power company.
The well designed and structured solar panels are completely reliable. Its series of interconnected solar panels convert the photovoltaic cells into alternating current. It also has a provision to store electricity through the battery system.
With a solar panel system, your business is self-reliant and there are no power interruptions like that of the commercial supply.
4. Environmental Sustainability
Climate change and global warming is the alarm bell for society and solar energy will play a key role in transforming the environment. It is the ideal time for businesses to go green and show their commitment to renewable energy with more targets driven towards the betterment of society.
The steps involved in progressing with the solar system reduces the carbon emissions. It helps to maintain goodwill in the public eye, as consumers have become more concerned about the environmental cause. It also attracts qualified employees who are motivated to work with sustainable companies that prioritise the use of a solar system.
5. Future Solution of Renewable Energy
The existing electricity obtained through commercial supply companies is subjected to market forces and user rates. This means it is not safeguarded against the future rise in price.
There are many alternative energy sources that will reduce the dependency on fossil fuels in the coming decades. In 2018, renewable energy sources contributed to 17.1% of electricity generation which will rise to 24% by 2030.
However, energy sources like hydroelectricity and nuclear plants have a dubious future in terms of accidents. Solar power is the ideal solution to low overhead electricity production. By transforming into the potential solar system a company not only benefits from the low electricity consumption cost but also secures a long-term solution for the future of the company.
6. Low Maintenance
The solar panel system is a low maintenance energy system when it comes to generating electricity. It usually doesn’t contain any mobile components and this eliminates the need for huge maintenance costs on the solar system. A little cleaning a couple of times in the year will complete the job.
These are also built to withstand different types of weather conditions and offer a flawless operation throughout the year. In addition, these products come with a shelf life of 20-25years making them extremely durable. The inverter is the only part that needs to be changed after a time span of 5-10 years.
7. Energy Production in Peak Hours
The time frame of 11:00-16:00 is the peak hours for electricity production. Naturally, the price of electricity increases within this time interval. This is also the time when solar energy tends to reach its maximum capacity and outperforms the other time.
Electricity produced in this time slot has a greater value compared to that of the night. The electricity prices in these time frames received through the solar panel are reduced to that of the night hours.
8. Increased Property Value
The installation of the solar power grid doesn’t cause any additional taxes, but it increases the value of the property. The properties with the solar panel instalments tend to sold quickly compared to the non-solar counterparts.
It also indirectly boosts the valuation of your property which benefits the overall business in every way. Potential buyers are more interested in such properties as it reduces the cost of energy consumption.
9. Improved Security of Power Grid
Problems like blackouts, outages, and voltage dips are commonly associated with the power grid. The power grids are vulnerable to such problems if many power plants are spread out.
These unexpected mishaps are typical characteristics of conventional energy sources. It lands the business owners into serious troubles like missing out on task deadlines, communicating with important clients, and others resulting in financial losses.
Solar power is generated from thousands or even millions of individual energy production centres that raise the security of the power grids. It reduces the probability of outages, fires, or loads that happen in the transformers of the substations. The grid security level is quite advanced in solar panels.
Bottom Line
The impacts of the solar system bring substantial changes in the business. It can make a small business more competitive and push it into the next stage of growth and development.
Switching a business to a complete solar model is not possible in one day but with proper efforts, the overall procedure is sure to make vital changes.
Also read:
1) Solar Energy Startups in India: Looking at a Shining Future!
2) Reasons Why Solar Energy in India is Economically Viable!
3) 12 Reasons Why You Should Switch to Solar Energy in India
4) Why Some Businesses Still Refrain From Using Solar Panels?