Australian businesses are constantly looking for ways to improve efficiencies and reduce costs. One way to do that is through alternative sources of energy.
Solar energy provides a sustainable option that can be used in numerous applications. It harnesses energy from the sun using solar panels, which is then converted into electricity. This system does not produce greenhouse emissions and provides numerous other advantages.
Here are some reasons why you should consider using solar energy for your business.
Renewable energy source
Solar energy is a renewable energy source that can be accessed all year round. By gaining its power from the sun, it relies on a source that will never run out.
While renewable resources won’t run out, this is not the case for fossil fuels. As businesses continue to use fossil fuels, they will become harder to obtain, which could result in increased costs and a higher impact on the environment.
While the initial cost of purchasing and installing solar can be quite high, your energy bills should be lower, making it a worthwhile investment.
The cost of electricity bills can be one of the biggest expenses for a business, and with prices often rising year on year, this cost only continues to become more significant. Solar energy can provide businesses with significant cost savings, though keep in mind how much you save on your energy bills depends on the size of your solar energy system and your usage.
Another way in which businesses can save money through implementing solar is due to the low maintenance costs involved. Solar panels generally require little maintenance or repairs, as with no moving parts there is nearly no wear and tear. This will save you money on maintenance fees and repairs, and that money can then be put back into your budget.
Solar energy panels are also highly reliable and can last up to 25 years and more before needing to be replaced.
Return on investment
In addition to saving you money on energy and maintenance costs, your business can gain a great return on investment (ROI) through the installation of solar power.
Some businesses may be able to make back the initial cost of investment in just a few years through the reduction of your electricity bill. This will help your business’ bottom line in the long term, with those savings able to be invested into other areas of your business.
As consumers continue to become more conscious around sustainability, businesses who make environmental changes may find themselves better positioned with consumers.
Installing a solar energy system is a good way to show your customers you are environmentally conscious. As well as creating a better image for your customers, it can also improve your image for future employees, who may also highly value environmentally friendly workplaces.
For small businesses considering investing in solar energy, it is worth investigating potential government schemes and rebates that may be available to you.
The Australian Government offers financial incentives for solar power, which could help make it a more cost effective investment for your business.
With numerous advantages, solar energy is an attractive option for many businesses, and one that will provide both short term and long term savings.
For more information on using solar energy, check out our blog on the costs and considerations for solar in business.