There’s no doubt that 2020 has been a challenging year for many businesses. And now is the perfect time to start thinking about changes to make ahead of the new year to improve your efficiencies and cut costs.
Solar energy can be an excellent investment for businesses. It can provide numerous advantages, both immediate and long-term, from cost savings to environmental impact.
Now more than ever, businesses need to consider how to make their operations and practices more efficient and cost-effective. Solar can be a great solution.
Significant savings
With 2020 placing a financial burden on many Australian businesses, finding ways to make as many savings as possible will be a high priority.
Investing in solar energy can help businesses save money in several ways.
Energy consumption is generally relatively high for many businesses, which can result in expensive energy bills. Relying on solar power rather than electricity can significantly impact your energy costs.
Implementing solar energy panels is also more affordable now then they were a few years ago. So, while there is an upfront cost of installing solar panels, it may not be as expensive as businesses think.
Solar energy can provide a good return on investment, with many businesses able to recoup the installation costs within just a few years due to a lower monthly energy bill.
Businesses may also save on maintenance and repair costs, as solar panels are low maintenance and can last up to 25 years.
Another potential financial advantage of solar energy is that some businesses may be eligible to receive incentives and rebates from the Australian Government for implementing solar power.
Solar energy can be a good investment for your business that may save you money, both now and in the long run.
Better for the environment
Adopting more environmentally friendly practices and systems will only continue to become more critical in 2021.
In the last few years, consumers have become increasingly conscious of many businesses’ impact on the environment. Their attitudes have shifted towards prioritising companies who implement environmentally friendly practices over those who don’t.
This is a trend that is not likely to change, so businesses need to make an effort towards implementing such practices. Using solar energy is an important step towards companies lowering their carbon footprint and contributing to the decrease in fossil fuels used to generate electricity.
Solar power can be a sustainable and clean energy option; it reduces greenhouse gases and is pollution-free.
Shifting to more environmentally friendly systems also has the added benefit of providing improved brand reputation for businesses and encouraging customer loyalty. For many businesses that may have lost customers in 2020, this will be crucial going forward.
Now is the time to invest in solar
Solar technology has only become more dependable and efficient over the last few years, making it a great alternative energy solution.
For many Australian businesses, 2021 will be an important year to get back on track and at full operating capacity.
There can be little doubt about the advantages of using solar energy. If your business hasn’t already implemented solar power, now is the time to do it. The sooner you do, the sooner your business could be reaping the benefits.
To learn more about why your business should consider investing in solar energy, visit our blog on the instant asset write-off benefit for solar.