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What does Ofgem’s Targeted Charging Review (TCR) mean for consumers?

April 3, 2024

In today’s swiftly changing energy environment, keeping up with regulatory shifts is vital for energy

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Solar PV For Manufacturers: The Bright Future of Renewable Energy

March 25, 2024

In the dynamic landscape of manufacturing, where efficiency and sustainability are paramount, embracing renewable energy

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Commercial Lighting: Why LEDs are a Smart Investment

February 29, 2024

In recent years commercial LED lighting has emerged as a revolutionary renewable energy solution. Commercial

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Navigating the Path to Net-Zero: A 2024 Guide for Businesses

January 23, 2024

It’s a new year, and with it comes new opportunities, innovations, and trends that will

The Reasons Why Solar Panels Are Worth The Investment

Solar panels are a great solution for businesses looking to reduce their carbon footprint and save on energy costs. They use the power of the sun to generate clean and renewable energy, which can be used to power buildings, appliances, and even electric vehicles. Solar panels are becoming increasingly affordable and efficient, making them an attractive option for businesses of all sizes.

What are the benefits of solar panels?

One of the biggest benefits of solar panels is their ability to reduce energy costs. By generating their own power, businesses can reduce or even eliminate their dependence on traditional energy sources, which can be expensive and unstable.

Solar panels are also a smart investment for businesses that want to show their commitment to sustainability. By embracing clean energy, businesses can demonstrate their commitment to reducing their environmental impact, and can appeal to environmentally conscious consumers.

Finally, solar panels are low maintenance and long-lasting. Once installed, they require minimal upkeep and can last for decades, providing a reliable source of energy for years to come.

Solar panels have become increasingly popular in recent years due to their potential to save business owners money on their electricity bills, and their positive impact on the environment.

But what do solar panels actually cost, and is it worth the investment?

The cost of solar panels varies depending on several factors, including the size of the installation, the type of panels used, and the location. However, this initial investment can be offset by substantial savings on electricity bills over time. In fact, many business owners see a return on their investment in just a few years, even more so with the increasing cost of electricity. In the United Kingdom, businesses have several options for funding the installation of solar panels.

The most popular options for funding the installation of solar panels:

Capital Purchase
The business can purchase the solar panels outright, paying the full cost upfront. This option provides the business with full ownership of the system and immediate access to the benefits of solar energy, including reduced energy bills and reduced carbon footprint.
Power Purchase Agreement (PPA)
The business can enter into an agreement with a solar energy company, which will install, maintain and operate the system on the business's property. The business will then purchase the energy generated by the solar panels at a fixed rate, often lower than the rate charged by traditional energy suppliers.
Government Grants
The UK government offers several grants and incentives for businesses that install solar panels, including the Renewable Heat Incentive (RHI) and the Energy Efficiency Fund (EEF).

So what do I do next?

Businesses should consider their energy usage and financial position when choosing the best option for them. Working with a professional solar energy consultant can help businesses make an informed decision and maximise the benefits of their investment.

At RES, our Renewables Specialists are experienced with helping businesses, regardless of size, adopt the most suitable renewable solutions for their business. Contact our team today by contacting us through our contact page or booking a phone consultation at a time that suits using the button below.