There are major financial and environmental benefits to installing solar panels at your business in 2024.
First and foremost, rising energy prices in the UK make solar panels a more cost-effective alternative. since companies can use the electricity generated by panels, as well as reducing reliance on the National Grid (EC1).
Furthermore, there are government incentives and subsidies available for installing solar panels, such as the Smart Export Guarantee (SEG), which allows businesses to sell excess electricity back to the grid.
Additionally, solar panel installations can be eligible for tax relief through schemes like the Enhanced Capital Allowance (ECA).
Green benefits of solar panels
Chief among these is a reduction in your company’s carbon footprint. Using solar power helps reduce greenhouse gases and supports corporate social responsibility and sustainability initiatives.
Businesses adopting renewable energy can enhance their brand image and appeal to environmentally conscious customers and investors.
Technological advances
Solar energy provides a degree of energy independence, protecting businesses from future energy price fluctuations and supply issues.
Advances in solar panel technology have increased their efficiency and reduced costs, making them a more attractive investment.
Improvements in battery storage technologies allow businesses to store excess energy for use during non-sunny periods or peak demand times.
While the initial cost of installation can be high, the long-term savings and benefits can be significant. For example, advances in technology mean the rate of return on solar investments has decreased, making them a very attractive option for companies looking to reduce their carbon footprint.
Investing in solar energy in 2024 is a great way for UK businesses to save money on their energy bills, reduce their environmental impact and to help protect them from rising energy costs.
Here at Harvest Green Developments, we can help you assess how much you will save with a solar installation best suited to your needs.
Get in touch today to discuss your company’s green energy potential.
