Commercial solar installations are becoming increasingly popular as businesses look for ways to reduce their carbon footprint and save money on energy bills. However, before you invest in solar panels, it is important to understand the costs and benefits involved.
To help you understand the efficiency of commercial solar panels, we have compiled a list of benefits and considerations. We will also delve into the commercial solar panel installation cost to provide a comprehensive price overview of the commercial solar landscape.
When businesses first invest in solar power, they witness a fall in their energy bills. Why? Solar panels are designed to harness the power of the sun and convert it into clean, renewable energy. In addition, modern solar panels can have an efficiency rate of around 15-20%, meaning they can convert 15-20% of the sunlight they receive into electricity. This initial efficiency can result in substantial cost savings and a positive environmental impact.
While the initial benefits of solar power are impressive, it is important to consider the long-term benefits that it can offer. To understand this, you must first understand the factors that can impact the efficiency of the panels:
Commercial solar panels typically degrade at a rate of 0.5-1% per year. This means that after 25 to 30 years, they may still generate electricity at around 75-80% of their original capacity.
The location in which you have installed the solar panels also plays a huge role in determining the long-term efficiency of the solar panels. Dust, dirt, and shading from nearby structures or trees can reduce efficiency. Thus, to deal with these factors, you must opt for regular maintenance and cleaning of the commercial solar panels.
Solar panel technology is not static and continues to evolve with time. Newer panels may offer higher efficiency and better performance than older models. Your business must keep up with the technology trends and consider upgrading the panels to take advantage of these advancements.
To further enhance the efficiency of commercial solar installations, many businesses are turning to commercial solar battery installation. These batteries are responsible for storing the excess energy generated during sunny days and making it available for use during night or cloudy days. This not only increases energy self-sufficiency but also provides a backup power source in case of grid outages.
If you want to make a wise investment in your future, then you should consider commercial solar battery installation. It will further enable you to ensure that excess energy is not wasted and can be used when needed most, reducing your electricity bills.
The cost of installing commercial solar panels can vary depending on several factors. These factors include the size of the installation, the location and the choice of solar panels. On average, businesses can expect to pay between $2 to $3.50 per watt for their commercial solar panel installation.
It’s important to highlight that this cost can be significantly mitigated by taking advantage of various incentives and tax credits provided by the Australian government and local utilities to encourage the adoption of renewable energy sources. These incentives can significantly reduce the upfront expenses associated with your commercial solar project. However, the economic advantages of commercial solar installations go far beyond the initial installation costs. As a business, you must also consider the long-term savings on the energy bills.
By generating electricity through solar power, you can drastically reduce your ongoing operational expenses. Moreover, any excess energy produced can be fed back into the grid, generating additional revenue. This dual impact on cost-saving and potential income can contribute to a rapid and attractive return on investment.
Commercial solar panels is an efficient and cost-effective means for Australian businesses to generate clean, sustainable energy while reducing energy costs.
If you are looking for a cost-effective solution that will revolutionise your energy consumption, choose us as your commercial solar panels partner. With our commitment to quality and understanding of the Australian solar landscape, we’ll tailor a solution that maximises your ROI, making the transition to clean and sustainable energy an economically sound choice for your business.